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Property profile & analytics
OFF-MARKET
Estimated value
$21,975,000
Warehouses
3006 Druid Park Dr, Baltimore, MD 21215-7814
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-2305331
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
113,883 SF
Zoning code
I-1
APN
15-30-3257A-006
UPID
US40-2305331
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
-
Public Storage Storage Facility
-
Focus Walking Drug Rehab & Alcohol Detox Baltimore Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.52M
Comparable Approach
Comparable
$29.69M
Blend (final)
Blend
$21.98M
Owner & transaction history
Ps Atlantic Coast 2021 A LLC · 5 yrs held
Ps Atlantic Coast 2021 A LLC
since 2021
Last sale
$21.2M
7 recorded transactions
Zoning & alternative use
I-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$26.3M
+51.7%
Restaurant
$25.9M
+49.5%
Office building
$23.4M
+35.0%
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
$26,775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,890,000
6.5%
$16,515,000
7%
$15,335,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,325,000
Current use
AUTO REPAIR, GARAGE
$26,275,000
Change: +52% · Conversion: Easy
RESTAURANT
$25,895,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$23,385,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,855,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$16,550,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$15,865,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,855,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$21.98M
Range $19.78M – $24.17M · ±10% · vs last sale $21.20M (May 28 2021)
Last sale anchor
$21.20M
May 28 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
$193 / 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
$240,849
Tax year 2023
Assessed value
$10,205,467
Assessed 2023
Previous assessed
$4,808,200
+112.3% YoY
Effective rate
2.36%
On assessed value
Land market value
$134,700
Improvement market value
$20,865,300
Total market value
$21,000,000
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
SPACE
Cooling
AC.PACKAGE
Stories
5
Units
1
Total area
113,883 SF
Zoning code
I-1
APN
15-30-3257A-006
UPID
US40-2305331
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-1 · Baltimore, MD
Zoning I-1 · permitted uses
I-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
WAREHOUSE, STORAGE Current
Est. value
$17.3M
AUTO REPAIR, GARAGE
Est. value
$26.3M
RESTAURANT
Est. value
$25.9M
OFFICE BUILDING
Est. value
$23.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.9M
MEDICAL BUILDING
Est. value
$16.6M
RETAIL STORES
Est. value
$15.9M
COMMERCIAL (GENERAL)
Est. value
$14.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2003
Heating
SPACE
Cooling
Yes
Stories
5
Units
1
Current owner
From public records · entity-resolved
Ps Atlantic Coast 2021 A LLC
Entity
Free & Clear · 5 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$21,199,160
Ps Atlantic Coast 2021 A LLC
Ashburton Land Lllp
Special Warranty Deed
—
Feb 7, 2019
—
Ashburton Land Lllp
—
Deed
related
$62,500,000 · Td Bank NA
Dec 2, 2011
—
Ashburton Land Lllp
—
Deed Of Trust
related
$54,500,000 · General Electric Capital Corp
Feb 25, 2005
$400,000
John C Beers
Beers,eleanor C
Grant Deed
related
—
—
—
Ashburton Land Lllp
—
Deed Of Trust
related
$62,500,000 · Td Bk NA
—
—
Ashburton Land Lllp
—
Deed Of Trust
related
$45,000 · Suntrust Bank NA
—
—
Ashburton Land Lllp
—
Deed Of Trust
related
$2,195,289 · General Electric Capital 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.
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