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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Warehouses
1919 Wills Rd, Baltimore, MD 21222-5533
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0100329
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
BRICK
Total area
4,500 SF
Lot
0.61 ac (26,571 SF)
Zoning code
ML
APN
12-1213022120
UPID
US40-0100329
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Aim X Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$640k
Owner & transaction history
Msi Md Properties LLC · 4 yrs held
Msi Md Properties LLC
since 2022
Last sale
$660,000
3 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+51.7%
Office building
$925,000
+35.0%
Neighborhood: shopping center
$825,000
+20.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baltimore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$645,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$685,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$925,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$740,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$625,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $660k (Jan 26 2022)
Last sale anchor
$660k
Jan 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,958
Tax year 2023
Assessed value
$432,600
Assessed 2023
Previous assessed
$432,600
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$228,700
Assessed improvement
$203,900
Land market value
$228,700
Improvement market value
$203,900
Total market value
$432,600
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
4,500 SF
Lot
0.61 ac (26,571 SF)
Zoning code
ML
APN
12-1213022120
UPID
US40-0100329
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Baltimore, MD
Zoning ML · permitted uses
ML · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$740,000
MEDICAL BUILDING
Est. value
$655,000
RETAIL STORES
Est. value
$625,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Msi Md Properties LLC
Entity
Mailing address
23 FONTANA LN STE #102, ROSEDALE, MD 21237-4648
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$660,000
Msi Md Properties LLC
1919 Wills Road LLC
Special Warranty Deed
$528,000 · Town & Country Bank
Jan 4, 2013
$490,000
1919 Wills Road LLC
Koluch Properties LLC
Grant Deed
—
Aug 22, 2006
—
Koluch Properties LLC
Metro Plastics INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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