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Property profile & analytics
OFF-MARKET
Estimated value
$5,205,000
Grocery and convenience stores
1925 Joppa Rd, Baltimore, MD 21234-2729
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US40-1184849
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1965
Construction
BRICK
Total area
27,698 SF
Lot
3.49 ac (152,024 SF)
Zoning code
BLCS2
APN
09-0907291680
UPID
US40-1184849
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
-
Savers Home Decor Store Department Store
-
KL Deals On Wheels P 19 Car Dealership
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$5.21M
Owner & transaction history
Dorsey Management Co INC · 12 yrs held
Dorsey Management Co INC
since 2014
6 recorded transactions
Zoning & alternative use
BLCS2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+44.7%
Auto repair, garage
$6.4M
+37.0%
Restaurant
$6.3M
+35.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,665,000
Current use
OFFICE BUILDING
$6,750,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,390,000
Change: +37% · Conversion: Difficult
RESTAURANT
$6,300,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,075,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,565,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$4,215,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$4,025,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.21M
Range $4.68M – $5.73M · ±10%
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
$188 / 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
$30,940
Tax year 2023
Assessed value
$4,927,400
Assessed 2023
Previous assessed
$4,637,100
+6.3% YoY
Effective rate
0.63%
On assessed value
Land market value
$3,144,000
Improvement market value
$2,364,000
Total market value
$5,508,000
Applied tax rate
9.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
27,698 SF
Lot
3.49 ac (152,024 SF)
Zoning code
BLCS2
APN
09-0907291680
UPID
US40-1184849
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCS2 · Baltimore, MD
Zoning BLCS2 · permitted uses
BLCS2 · 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
RETAIL STORES Current
Est. value
$4.7M
OFFICE BUILDING
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RESTAURANT
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1965
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
3.49 ac
Current owner
From public records · entity-resolved
Dorsey Management Co INC
Entity
Mailing address
2800 QUARRY LK DR STE #340, BALTIMORE, MD 21209-3764
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
—
Joppa Mart LLC
—
Deed
related
$7,200,000 · Shore United Bank NA
May 8, 2014
$1,100,000
Dorsey Management Co INC
Joppa Mart LLC
Trustees Deed
$1,160,000 · Community Bk/chesapeake
Dec 27, 2013
$6,875,000
Joppa Mart LLC
Joppa Perring LLC
Grant Deed
$3,000,000 · Susquehanna Bank
Jun 27, 2011
—
Joppa Perring LLC
—
Deed Of Trust
related
$7,800,000 · Manufacturers & Traders Trust
Jun 19, 2008
$6,800,000
Joppa Perring LLC
Giant Of Maryl& INC
Deed
—
—
—
Joppa Perring LLC
—
Deed Of Trust
related
$660,000 · Manufacturers Traders & Trust
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.
Try Rey
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