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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Apartment buildings
2111 Garrison Blvd, Baltimore, MD 21216-2635
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0091631
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Construction
BRICK
Total area
28,276 SF
Lot
0.71 ac (30,900 SF)
Zoning code
R-7
APN
15-29-3018 -005
UPID
US40-0091631
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
-
Addison Place Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.68M
Owner & transaction history
Addison Place LLC · 5 yrs held
Addison Place LLC
since 2021
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
R-7 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,800,000
ML approach
$1,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10% · vs last sale $1.43M (Mar 20 2021)
Last sale anchor
$1.43M
Mar 20 2021
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
$59 / 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
$33,451
Tax year 2023
Assessed value
$1,417,400
Assessed 2023
Previous assessed
$1,417,400
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$247,200
Assessed improvement
$1,170,200
Land market value
$247,200
Improvement market value
$1,170,200
Total market value
$1,417,400
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
HOT WATER
Buildings
2
Stories
4
Units
49
Total area
28,276 SF
Lot
0.71 ac (30,900 SF)
Zoning code
R-7
APN
15-29-3018 -005
UPID
US40-0091631
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-7 · Baltimore, MD
Zoning R-7 · permitted uses
R-7 · 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.
Building & site characteristics
From public records
Year built
1930
Construction
BRICK
Heating
HOT WATER
Stories
4
Buildings
2
Units
49
Lot
0.71 ac
Current owner
From public records · entity-resolved
Addison Place LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3300 KING WILLIAM DR, OLNEY, MD 20832-2316
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2021
$1,425,000
Addison Place LLC
Omreit 2111 Garrison Blvd LLC
Deed
—
Aug 23, 2017
$1,430,000
Omreit 2111 Garrison Blvd LLC
Blue Ocean III LLC
Deed
$1,615,000 · Revere Bank
Jul 21, 2005
$1,000,000
Blue Ocean III LLC
Heritage House Co LLC
Grant Deed
—
Feb 25, 1998
$300,000
Heritage House Co INC
Balto Rehab Rental Partnershp
Grant Deed
$240,000 · Seller
—
—
Blue Ocean III LLC
—
Deed Of Trust
related
$485,000 · Palladium Lending LLC
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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