Entity Owned Property summary
AI-generated overview
This exceptional retail storefront opportunity is located at 2324 Sparrows Point Road in Baltimore, Maryland, within Baltimore County. The property, built in 1973, offers a single-tenant occupancy space totaling 2,800 square feet of vacant area. Ideal for a variety of retail uses, this storefront presents a significant chance to establish a presence in a well-established Baltimore neighborhood. The property is zoned for retail use, however, please note that convenience stores are not permitted on this site. This presents a unique opportunity for businesses seeking a high-visibility location without direct competition from convenience stores. The address is easily accessible, offering excellent visibility and convenient access for customers. The property's location in Baltimore County, Maryland, provides access to a substantial customer base and strong local infrastructure. With its ample square footage and prime location, this storefront is perfectly suited for a variety of retail ventures. Interested parties should inquire promptly to secure this exceptional opportunity. The zip code for this property is 21219.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1973
Construction
BRICK
Total area
3,080 SF
Lot
1.49 ac (64,687 SF)
Zoning code
BL
APN
15-1504002510
UPID
US40-0645970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$506k
Blend (final)
Blend
$330k
Owner & transaction history
since 2022
5 recorded transactions
Zoning & alternative use
BL · Baltimore, MD
Top alternative use upside
Auto repair, garage
$710,000
+26.0%
Office building
$635,000
+12.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$330k
Value range
$297k – $363k
±10% around blend
Estimated value / SF
$107 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
50
$297k
blend $330k
$363k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,080 SF
Lot area
1.49 ac
Year built
1973
Stories
1
APN
15-1504002510
Zoning
BL
Assessed value
$1,074,300
Annual tax
$6,988
3
Income approach: direct capitalization
Partial preview
Income approach indication
$765k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$830k
@ 6.5% CAP return
$765k
@ 7% CAP return
$710k
4
Sales comparison
Partial preview
Sales approach indication
$1.30M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.5 mi away · 2,585 SF
19.8 mi away · 3,476 SF
21.5 mi away · 3,132 SF
22.1 mi away · 2,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$330k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 26 sales
$183
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $107/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+26%
vs current-use indication
Office Building
Neighborhood: Shopping Center · current use
Commercial (general)
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.07M
Move the market yield to see immediate price impact.
Value / SF
$349
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$68k
$1.35M
$967k
$752k
$75k
$1.50M
$1.07M
$836k
$83k
$1.65M
$1.18M
$919k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$675k
2.2 mi · Feb 2026 · $184/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,988
Tax year 2023
Assessed value
$1,074,300
Assessed 2023
Previous assessed
$1,064,933
+0.9% YoY
Effective rate
0.65%
On assessed value
Assessed land
$232,800
Assessed improvement
$841,500
Land market value
$232,800
Improvement market value
$841,500
Total market value
$1,074,300
Applied tax rate
15.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
3,080 SF
Lot
1.49 ac (64,687 SF)
Zoning code
BL
APN
15-1504002510
UPID
US40-0645970
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Baltimore, MDZoning BL · permitted uses
BL · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BL
Jurisdiction
Baltimore, MD
Recorded code
BL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BL in Baltimore, MD.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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