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Property profile & analytics
OFF-MARKET
Estimated value
$15,075,000
Manufacturing properties
3345 Washington Blvd, Baltimore, MD 21227-1602
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-1399668
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Total area
156,000 SF
Lot
10.49 ac (456,944 SF)
Zoning code
ML
APN
13-2500004792
UPID
US40-1399668
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
-
Blind Industries and Services of Maryland Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.75M
Blend (final)
Blend
$15.08M
Owner & transaction history
Blind Industries & Services Of Mary · 22 yrs held
Blind Industries & Services Of Mary
since 2004
4 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.7M
+44.9%
Warehouse, storage
$23.7M
+39.0%
Medical building
$22.7M
+32.8%
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
INDUSTRIAL (GENERAL)
$17,070,000
Current use
COMMERCIAL (GENERAL)
$24,740,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$23,730,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$22,670,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$15.08M
Range $13.57M – $16.58M · ±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
$97 / 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
$1,672
Tax year 2023
Assessed value
$11,365,867
Assessed 2023
Previous assessed
$11,336,233
+0.3% YoY
Effective rate
0.01%
On assessed value
Land market value
$3,147,000
Improvement market value
$8,248,500
Total market value
$11,395,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
156,000 SF
Lot
10.49 ac (456,944 SF)
Zoning code
ML
APN
13-2500004792
UPID
US40-1399668
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
INDUSTRIAL (GENERAL) Current
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$24.7M
WAREHOUSE, STORAGE
Est. value
$23.7M
MEDICAL BUILDING
Est. value
$22.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2006
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
10.49 ac
Current owner
From public records · entity-resolved
Blind Industries & Services Of Mary
Individual
Mailing address
3345 WASHINGTON BLVD, BALTIMORE, MD 21227-1602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
Blind Industries And Services Of Md
—
Deed
related
$3,295,000 · Maryland Economic Development Corp
May 10, 2016
—
Blind Industries & Services Of Md
—
Deed
related
$1,588,523 · Bank Of America
Jun 30, 2004
$4,200,000
Blind Industries & Services Of Mary
Cee Cee Associates LLC
Grant Deed
$10,000,000 · Bank Of America
—
—
Blind Industries & Services Of Md
—
Loan Modification
related
$1,588,523 · Bank Of America
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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