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Property profile & analytics
OFF-MARKET
Estimated value
$12,480,000
Specialty properties
2221 Cold Spg Ln Baltimore, MD 21209-4996
Entity Owned
21-yr Hold
Free & Clear
Property ID
US40-2240732
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2010
Construction
BRICK
Total area
117,000 SF
Lot
71.11 ac (3,097,552 SF)
Zoning code
EC-2
APN
13-04-3357G-001
UPID
US40-2240732
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
-
Ridley Athletic Complex Sports Field & Court
-
Sean Lugano Field at Ridley Athletic Complex Sports Field & Court
-
Richard Awalt Field at Ridley Athletic Complex Sports Field & Court
-
Loyola University Maryland – McClure Tennis Center at Ridley Athletic Complex Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.48M
Blend (final)
Blend
$12.48M
Owner & transaction history
Loyola College In Maryland INC · 21 yrs held
Loyola College In Maryland INC
since 2004
3 recorded transactions
Zoning & alternative use
EC-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.0M
+133.8%
Office building
$16.1M
+97.9%
Auto repair, garage
$14.2M
+75.3%
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$8,120,000
Current use
COMMERCIAL (GENERAL)
$18,980,000
Change: +134% · Conversion: Difficult
OFFICE BUILDING
$16,070,000
Change: +98% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,235,000
Change: +75% · Conversion: Difficult
RESTAURANT
$14,090,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$11,515,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,490,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$8,170,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$12.48M
Range $11.23M – $13.73M · ±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
$107 / 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
Assessed value
$57,692,433
Assessed 2023
Previous assessed
$57,002,700
+1.2% YoY
Land market value
$10,085,900
Improvement market value
$48,986,000
Total market value
$59,071,900
Applied tax rate
13.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2010
Construction
BRICK
Heating
YES
Cooling
YES
Stories
5
Units
1
Total area
117,000 SF
Lot
71.11 ac (3,097,552 SF)
Zoning code
EC-2
APN
13-04-3357G-001
UPID
US40-2240732
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
EC-2 · Baltimore, MD
Zoning EC-2 · permitted uses
EC-2 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$19.0M
OFFICE BUILDING
Est. value
$16.1M
AUTO REPAIR, GARAGE
Est. value
$14.2M
RESTAURANT
Est. value
$14.1M
RETAIL STORES
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$8.2M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2010
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
5
Units
1
Lot
71.11 ac
Current owner
From public records · entity-resolved
Loyola College In Maryland INC
Entity
Free & Clear · 21 yrs held
Mailing address
4501 N CHARLES ST, BALTIMORE, MD 21210-2601
Ownership since
2004
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
Oct 20, 2004
$348,698
Loyola College In Maryland INC
Mayor & City Council Of Baltimore C
Grant Deed
—
Feb 15, 2002
$1,050,000
Loyola College In Maryland INC
Childrens Hospital Of Baltimor
Grant Deed
—
Aug 24, 2000
$2,000,000
Madison Street Properties INC
W S Baer Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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