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Property profile & analytics
OFF-MARKET
Estimated value
$9,515,000
Distribution centers
2801 Patapsco Ave, Baltimore, MD 21230-2722
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1567511
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
95,540 SF
Lot
5.74 ac (250,034 SF)
Zoning code
ML
APN
13-2200025245
UPID
US40-1567511
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
-
Triple C Wholesalers Big Box & Wholesale Store Grocery & Convenience Store
-
National Capital Industries Big Box & Wholesale Store Building Supply
-
Tuff Shed Baltimore Construction Company General Contractor
-
Solar City DC ~Baltimore Production Facility
-
Davis Distributing Co Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.52M
Owner & transaction history
Baltimore Infill Tt LLC · 1 yrs held
Baltimore Infill Tt LLC
since 2025
7 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.9M
+11.5%
Retail stores
$13.3M
+6.9%
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
WAREHOUSE, STORAGE
$12,450,000
Current use
MEDICAL BUILDING
$13,885,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$13,310,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$9.52M
Range $8.56M – $10.47M · ±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
$100 / 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
$29,886
Tax year 2023
Assessed value
$4,739,133
Assessed 2023
Previous assessed
$4,671,400
+1.4% YoY
Effective rate
0.63%
On assessed value
Land market value
$1,630,600
Improvement market value
$3,244,000
Total market value
$4,874,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
95,540 SF
Lot
5.74 ac (250,034 SF)
Zoning code
ML
APN
13-2200025245
UPID
US40-1567511
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Baltimore, MD
Zoning ML · permitted uses
ML · 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
WAREHOUSE, STORAGE Current
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$13.9M
RETAIL STORES
Est. value
$13.3M
WAREHOUSE, STORAGE Current
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
5.74 ac
Current owner
From public records · entity-resolved
Baltimore Infill Tt LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Baltimore Infill Tt LLC
Baltimore Infill LLC
Deed
—
Feb 21, 2025
$12,709,300
Baltimore Infill Ll LLC
Icon Us Industrial Owner Pool 2 Wes
Special Warranty Deed
$87,000,000 · Bank Of America NA
Mar 26, 2024
—
Icon Us Industrial Owner Pool 2 Wes
—
Deed
related
$2,350,000 · Barclays Capital Real Estate INC Etal
Oct 11, 2019
—
Icon Us Industrial Owner Pool 2 Wes
—
Deed
related
—
Nov 13, 2017
—
Icon Us Indl Owner Pool 2 Wes
—
Grant Deed
related
$385,000,000 · Miscellaneous Ins Co
Apr 16, 2015
—
Icon Us Industrial Owner Pool
Bre Of Us Industrial Props LLC
Grant Deed
related
—
Feb 8, 2011
$3,675,841
Bre/us Industrial Properties LLC
Prologis
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.
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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