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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Community centers
3755 Old Ct Rd, Baltimore, MD 21208-3918
Entity Owned
15-yr Hold
Free & Clear
Property ID
US40-0876378
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Total area
19,152 SF
Lot
1.1 ac (48,024 SF)
Zoning code
BLCT
APN
03-2400002558
UPID
US40-0876378
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
-
Flowers By Raimondi's (Bike/Boat/Book/etc) Store Florist
-
Levin Eyecare - Pikesville Eye Care Center Optician
-
Dr. Michael Sandler - Pikesville Ophthalmologist
-
Sola Salons Hair Salon
-
Sushi Sakura & Ramen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.80M
Owner & transaction history
Krc Reister Retail LLC · 15 yrs held
Krc Reister Retail LLC
since 2011
2 recorded transactions
Zoning & alternative use
BLCT · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+26.0%
Restaurant
$4.4M
+24.2%
Office building
$3.9M
+12.1%
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
NEIGHBORHOOD: SHOPPING CENTER
$3,505,000
Current use
AUTO REPAIR, GARAGE
$4,420,000
Change: +26% · Conversion: Difficult
RESTAURANT
$4,355,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,935,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,160,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$2,915,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±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
$146 / 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
$23,290
Tax year 2023
Assessed value
$3,200,000
Assessed 2023
Previous assessed
$3,545,567
-9.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$930,200
Assessed improvement
$2,269,800
Land market value
$930,200
Improvement market value
$2,269,800
Total market value
$3,200,000
Applied tax rate
3.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
19,152 SF
Lot
1.1 ac (48,024 SF)
Zoning code
BLCT
APN
03-2400002558
UPID
US40-0876378
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCT · Baltimore, MD
Zoning BLCT · permitted uses
BLCT · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Krc Reister Retail LLC
Entity
Free & Clear · 15 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2011
$5,236,544
Krc Reister Retail LLC
Reister Court I LLC
Grant Deed
related
—
—
—
Reister Court I LLC
—
Deed Of Trust
related
$3,600,000 · Principal Commercial Funding
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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