Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
3205 Fait Ave Baltimore, MD 21224-4032
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0790893
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1913
Construction
BRICK
Total area
6,020 SF
Lot
0.07 ac (2,992 SF)
Zoning code
R-8
APN
26-06-6448 -021
UPID
US40-0790893
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$545k
Owner & transaction history
Joshua Michael Coiner · 2 yrs held
Joshua Michael Coiner
since 2024
Last sale
$545,000
3 recorded transactions
Zoning & alternative use
R-8 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$545,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$875,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $545k (Feb 8 2024)
Last sale anchor
$545k
Feb 8 2024
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
$91 / 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
$4,986
Tax year 2023
Assessed value
$211,267
Assessed 2023
Previous assessed
$109,400
+93.1% YoY
Effective rate
2.36%
On assessed value
Land market value
$29,900
Improvement market value
$385,100
Total market value
$415,000
Applied tax rate
26.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1913
Construction
BRICK
Heating
FORCED AIR
Stories
2
Units
1
Total area
6,020 SF
Lot
0.07 ac (2,992 SF)
Zoning code
R-8
APN
26-06-6448 -021
UPID
US40-0790893
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-8 · Baltimore, MD
Zoning R-8 · permitted uses
R-8 · 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
COMMERCIAL (GENERAL)
Est. value
$875,000
MEDICAL BUILDING
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1913
Construction
BRICK
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Joshua Michael Coiner
Individual
Mailing address
3205 FAIT AVE BALTIMORE
Ownership since
2024
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
Feb 8, 2024
$545,000
Joshua Michael Coiner
Matthew Reimer
Assignment Of Deed
$485,000 · Homestead Funding Corp
Apr 5, 2023
$595,000
Matthew Riemer
Mason Properties INC
Assignment Of Deed
$595,000 · Boardwalk 2001 LLC
Dec 6, 2022
$415,000
Mason Properties INC
Leo Martin Pawelczyk
Assignment Of Deed
$415,000 · Lakewood Commercial Funding LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3205 Fait Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
