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Property profile & analytics
OFF-MARKET
Estimated value
$11,700,000
Apartment buildings
3600 Greenspring Ave, Baltimore, MD 21211
Entity Owned
2-yr Hold
Property ID
US40-1479119
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1982
Construction
BRICK
Total area
121,712 SF
Lot
5.94 ac (258,746 SF)
Zoning code
R-6
APN
15-32-3327F-051
UPID
US40-1479119
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
$11.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.27M
Blend (final)
Blend
$11.70M
Owner & transaction history
Homes For Greenspring II LP · 2 yrs held
Homes For Greenspring II LP
since 2024
Last sale
$11.7M
5 recorded transactions
Zoning & alternative use
R-6 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$18.5M
+17.7%
Medical building
$17.7M
+12.4%
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
$11,700,000
ML approach
$11,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,730,000
Current use
WAREHOUSE, STORAGE
$18,515,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$17,685,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$11.70M
Range $10.53M – $12.87M · ±10% · vs last sale $11.70M (Jun 11 2024)
Last sale anchor
$11.70M
Jun 11 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
$96 / 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
$70,424
Tax year 2023
Assessed value
$2,984,067
Assessed 2023
Previous assessed
$2,984,067
+0.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$776,200
Improvement market value
$2,596,000
Total market value
$3,372,200
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
154
Total area
121,712 SF
Lot
5.94 ac (258,746 SF)
Zoning code
R-6
APN
15-32-3327F-051
UPID
US40-1479119
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-6 · Baltimore, MD
Zoning R-6 · permitted uses
R-6 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$15.7M
WAREHOUSE, STORAGE
Est. value
$18.5M
MEDICAL BUILDING
Est. value
$17.7M
APARTMENT HOUSE (5+ UNITS) Current
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
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
154
Lot
5.94 ac
Current owner
From public records · entity-resolved
Homes For Greenspring II LP
Entity
Mailing address
318 6TH ST, ANNAPOLIS, MD 21403-2548
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
$11,700,000
Homes For Greenspring II LP
Homes For Greenspring LP
Special Warranty Deed
$6,974,840 · Homes For Greenspring Limited Partnershi
Apr 13, 2006
$5,018,074
Homes For Greenspring LP
Eenspring Oxford Associates
Grant Deed
related
—
—
—
Greenspring-oxford Associates LP
—
Deed Of Trust
related
$3,417,620 · Hud
—
—
Greenspring-oxford Associates LP
—
Deed Of Trust
related
$2,235,194 · Hud
—
—
Greenspring-oxford Associates LP
—
Deed Of Trust
related
$658,100 · Reilly Mortgage Group INC
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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