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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Retail space
211 Reisterstown Rd, Baltimore, MD 21208-5338
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-2265017
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
BRICK
Total area
6,985 SF
Lot
0.54 ac (23,313 SF)
Zoning code
BL
APN
03-0307047834
UPID
US40-2265017
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
-
Sinu Rx Pharmacy Inc Pharmacy
-
La Nogueras Tienda Latina Grocery & Convenience Store
-
Joseph Danitti The Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Martinez Grocery and Bakery Bakery Specialty Food Shop
-
Ria Money Transfer Agent Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.36M
Owner & transaction history
211 Reisterstown Road LLC · 15 yrs held
211 Reisterstown Road LLC
since 2010
4 recorded transactions
Zoning & alternative use
BL · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+65.7%
Restaurant
$1.6M
+63.3%
Office building
$1.4M
+47.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,520,000
7%
$1,410,000
Alternative Use
Use
Estimation
RETAIL STORES
$975,000
Current use
AUTO REPAIR, GARAGE
$1,610,000
Change: +66% · Conversion: Difficult
RESTAURANT
$1,590,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$1,435,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,150,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$1,065,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$1,015,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$194 / 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
$7,617
Tax year 2023
Assessed value
$973,900
Assessed 2023
Previous assessed
$973,900
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$582,800
Assessed improvement
$391,100
Land market value
$582,800
Improvement market value
$391,100
Total market value
$973,900
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,985 SF
Lot
0.54 ac (23,313 SF)
Zoning code
BL
APN
03-0307047834
UPID
US40-2265017
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Baltimore, MD
Zoning BL · permitted uses
BL · 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
$975,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
1960
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
211 Reisterstown Road LLC
Entity
Mailing address
211 REISTERSTOWN RD, BALTIMORE, MD 21208-5338
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2011
—
211 Reisterstown Road LLC
—
Deed Of Trust
related
$1,217,000 · Capitalsource Bank
Aug 11, 2010
$1,250,000
211 Reisterstown Road LLC
Fc Pikesville LLC
Grant Deed
$1,305,000 · Capitalsource Bank
Dec 16, 1998
$1,250,000
Riverside Pikesville Associate
Bakervest Associates Lllp
Grant Deed
$984,000 · Lasalle National Bank
—
—
211 Reisterstown Road LLC
—
Deed Of Trust
related
$780,000 · Pnc Bk
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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