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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Apartment buildings
3622 Elm Ave, Baltimore, MD 21211-2431
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0417914
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Total area
7,008 SF
Lot
0.16 ac (6,839 SF)
Zoning code
R-6
APN
13-01-3538 -035
UPID
US40-0417914
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$580k
Owner & transaction history
3622 Elm Avenue LLC · 21 yrs held
3622 Elm Avenue LLC
since 2004
7 recorded transactions
Zoning & alternative use
R-6 · 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
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
APARTMENT HOUSE (5+ UNITS)
$905,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$83 / 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
$13,329
Tax year 2023
Assessed value
$564,767
Assessed 2023
Previous assessed
$564,767
+0.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$123,100
Improvement market value
$462,800
Total market value
$585,900
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
5
Total area
7,008 SF
Lot
0.16 ac (6,839 SF)
Zoning code
R-6
APN
13-01-3538 -035
UPID
US40-0417914
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
$905,000
APARTMENT HOUSE (5+ UNITS) Current
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
5
Lot
0.16 ac
Current owner
From public records · entity-resolved
3622 Elm Avenue LLC
Entity
Free & Clear · 21 yrs held
Mailing address
201 OLD PADONIA RD, COCKEYSVILLE, MD 21030-4919
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2013
—
Alban W Smith JR.
—
Deed Of Trust
related
$1,162,000 · Bay-vanguard Fsb
Sep 3, 2004
—
3622 Elm Avenue LLC
3624 Elm Avenue LLC
Grant Deed
related
—
Jun 15, 2004
—
Roland View LLC
3622 Elm Ave LLC
Grant Deed
related
—
Dec 11, 2002
$19,900
3624 Elm St LLC
Bankers Trust Co Ca NA Trustee
Grant Deed
—
Jul 2, 2002
$34,000
Bankres Trust Co Ca NA Trustee
Sadler,conchita S
Trustees Deed
—
—
—
Roland View LLC
—
Deed Of Trust
related
$725,000 · Bay-vanguard Fsb
—
—
Roland View LLC
—
Deed Of Trust
related
$1,162,000 · Bay-vanguard Fsb
—
—
Conchita S Sadler
—
Deed Of Trust
related
$5,000 · Key Bank Fsb
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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