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Property profile & analytics
OFF-MARKET
Estimated value
$7,505,000
Manufacturing properties
3840 Bank St Baltimore, MD 21224-2522
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0507836
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Construction
BRICK
Total area
50,400 SF
Lot
0.58 ac (25,134 SF)
Zoning code
I-1
APN
26-16-6311 -055
UPID
US40-0507836
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
-
Power Up Industrial Manufacturer Production Facility
-
Barcoding, Inc. Business To Business Service Business Management Consultant
-
IntelliTrack (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.21M
Blend (final)
Blend
$7.51M
Owner & transaction history
Bank Street Partners LLC · 8 yrs held
Bank Street Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
I-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.6M
+110.9%
Restaurant
$10.0M
+81.5%
Neighborhood: shopping center
$9.2M
+67.4%
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
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)
$5,515,000
Current use
AUTO REPAIR, GARAGE
$11,630,000
Change: +111% · Conversion: Easy
RESTAURANT
$10,010,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,230,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,665,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,340,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$7,325,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$7.51M
Range $6.75M – $8.26M · ±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
$149 / 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
$93,982
Tax year 2023
Assessed value
$3,982,267
Assessed 2023
Previous assessed
$3,982,267
+0.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$100,800
Improvement market value
$3,942,600
Total market value
$4,043,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
50,400 SF
Lot
0.58 ac (25,134 SF)
Zoning code
I-1
APN
26-16-6311 -055
UPID
US40-0507836
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-1 · Baltimore, MD
Zoning I-1 · permitted uses
I-1 · 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
$5.5M
AUTO REPAIR, GARAGE
Est. value
$11.6M
RESTAURANT
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
WAREHOUSE, STORAGE
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1920
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Bank Street Partners LLC
Entity
Mailing address
3840 BANK ST, BALTIMORE, MD 21224-2522
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
—
Bank Street Partners LLC
—
Deed
related
$2,377,500 · Suntrust Bank
Jun 13, 2018
—
Bank Street Partners LLC
—
Deed
related
$3,400,000 · Revere Bank
Aug 2, 2017
$695,000
Bank Street Partners LLC
3840 Bank Street LLC
Grant Deed
$695,000 · Jay A Steinmetz
Dec 15, 2016
—
3840 Bank Street LLC
—
Deed
related
$240,000 · Rosedale Fed'l S&l Assn
Dec 22, 2009
$405,000
3840 Bank Street LLC
Ic Isaacs & Co LP
Grant Deed
related
$202,500 · Rosedale Federal S & L Assn
—
—
Bank Street Partners LLC
—
Deed Of Trust
related
$2,000,000 · St Cde Lx LLC
—
—
3840 Bank Street LLC
—
Deed Of Trust
related
$240,000 · Rosedale Fed'l S&l Assn
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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