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Property profile & analytics
OFF-MARKET
Estimated value
$12,545,000
Distribution centers
1945 Reservoir Rd 13, Sparrows Point, MD 21219-1049
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0615075
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2019
Total area
78,900 SF
Lot
10.45 ac (455,289 SF)
APN
15-2500015279
UPID
US40-0615075
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.55M
Owner & transaction history
Tpa Properties 13 LLC · 3 yrs held
Tpa Properties 13 LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.2M
+51.7%
Restaurant
$17.9M
+49.5%
Office building
$16.2M
+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 Sparrows Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparrows Point 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
WAREHOUSE, STORAGE
$12,000,000
Current use
AUTO REPAIR, GARAGE
$18,205,000
Change: +52% · Conversion: Easy
RESTAURANT
$17,940,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$16,205,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,450,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,010,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$11,465,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$10,990,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$12.55M
Range $11.29M – $13.80M · ±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
$159 / 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
$132,600
Tax year 2023
Assessed value
$11,589,600
Assessed 2024
Previous assessed
$10,778,600
+7.5% YoY
Effective rate
1.14%
On assessed value
Land market value
$3,396,900
Improvement market value
$9,814,700
Total market value
$13,211,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
78,900 SF
Lot
10.45 ac (455,289 SF)
APN
15-2500015279
UPID
US40-0615075
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$18.2M
RESTAURANT
Est. value
$17.9M
OFFICE BUILDING
Est. value
$16.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.5M
COMMERCIAL (GENERAL)
Est. value
$13.0M
MEDICAL BUILDING
Est. value
$11.5M
RETAIL STORES
Est. value
$11.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
10.45 ac
Current owner
From public records · entity-resolved
Tpa Properties 13 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6995 BETHLEHEM BLVD, SPARROWS POINT, MD 21219-1067
Ownership since
2023
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
Apr 13, 2026
—
Tpa Properties 4 LLC
—
Deed
related
$93,000,000 · Manufacturers Bank And Trust Company
Mar 22, 2023
—
Tpa Properties 5llc
—
Deed
related
$2,900,000 · Cibc Bank USA
Jan 27, 2023
—
Tpa Properties 13 LLC
Tradepoint Atlantic LLC
Special Warranty 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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