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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Investment properties
2419 Maryland Ave Baltimore, MD 21218-9806
Entity Owned
18-yr Hold
Free & Clear
Property ID
US40-1589287
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
BRICK
Total area
2,610 SF
Lot
0.06 ac (2,520 SF)
Zoning code
OR-1
APN
12-06-3624 -010
UPID
US40-1589287
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
-
James R Logan PA Law Firm Financial Advisor
-
MDTaxDebt Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$535k
Owner & transaction history
Troy Investments LLC · 18 yrs held
Troy Investments LLC
since 2008
2 recorded transactions
Zoning & alternative use
OR-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$600,000
+107.8%
Neighborhood: shopping center
$480,000
+65.0%
Warehouse, storage
$395,000
+37.0%
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 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
AUTO REPAIR, GARAGE
$600,000
Change: +108% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +65% · Conversion: Difficult
WAREHOUSE, STORAGE
$395,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$380,000
Change: +31% · Conversion: Easy
RETAIL STORES
$365,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$205 / 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
$5,342
Tax year 2023
Assessed value
$240,233
Assessed 2024
Previous assessed
$226,367
+6.1% YoY
Effective rate
2.22%
On assessed value
Land market value
$113,400
Improvement market value
$140,700
Total market value
$254,100
Applied tax rate
12.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
1
Total area
2,610 SF
Lot
0.06 ac (2,520 SF)
Zoning code
OR-1
APN
12-06-3624 -010
UPID
US40-1589287
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
OR-1 · Baltimore, MD
Zoning OR-1 · permitted uses
OR-1 · 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
AUTO REPAIR, GARAGE
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
WAREHOUSE, STORAGE
Est. value
$395,000
MEDICAL BUILDING
Est. value
$380,000
RETAIL STORES
Est. value
$365,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1900
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Troy Investments LLC
Entity
Free & Clear · 18 yrs held
Mailing address
2419 MARYLAND AVE, BALTIMORE, MD 21218-9806
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2008
$126,001
Troy Investments LLC
Doherty,roger
Quit Claim Deed
related
—
Apr 6, 2006
$105,000
Roger Doherty
Jeffers,herbert
Grant Deed
$108,000 · Ameriquest Mortgage Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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