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Property profile & analytics
OFF-MARKET
Estimated value
$8,230,000
Distribution centers
3922 Vero Rd, Baltimore, MD 21227-1566
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US40-1184566
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Construction
BRICK
Total area
36,300 SF
Lot
16.35 ac (712,206 SF)
Zoning code
ML-IM
APN
13-1900014002
UPID
US40-1184566
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
-
Learning How Corporate (Bike/Boat/Book/etc) Store
-
Premier Medical Transport Ambulance Service
-
DUO │Signage + Graphics (Bike/Boat/Book/etc) Store Printing Service
-
Global Messenger and Logistics Courier Service Postal Service
-
Beyond Cooling LLC HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.46M
Blend (final)
Blend
$8.23M
Owner & transaction history
Caton Research Center LLC
Caton Research Center LLC
since 2026
3 recorded transactions
Zoning & alternative use
ML-IM · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+51.7%
Restaurant
$8.3M
+49.5%
Office building
$7.5M
+35.0%
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
WAREHOUSE, STORAGE
$5,520,000
Current use
AUTO REPAIR, GARAGE
$8,375,000
Change: +52% · Conversion: Easy
RESTAURANT
$8,255,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$7,455,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,650,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,755,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$5,275,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$5,055,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$8.23M
Range $7.41M – $9.05M · ±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
$227 / 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
$190,930
Tax year 2023
Assessed value
$13,420,967
Assessed 2023
Previous assessed
$12,537,000
+7.1% YoY
Effective rate
1.42%
On assessed value
Land market value
$3,746,100
Improvement market value
$11,442,800
Total market value
$15,188,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
36,300 SF
Lot
16.35 ac (712,206 SF)
Zoning code
ML-IM
APN
13-1900014002
UPID
US40-1184566
Jurisdiction
BALTIMORE
Zoning & alternative use
ML-IM · Baltimore, MD
Zoning ML-IM · permitted uses
ML-IM · 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
WAREHOUSE, STORAGE Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RESTAURANT
Est. value
$8.3M
OFFICE BUILDING
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1995
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
16.35 ac
Current owner
From public records · entity-resolved
Caton Research Center LLC
Entity
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Caton Research Center LLC
—
Deed
related
$20,000,000 · Minnesota Life Insurance Company
Jul 3, 2019
—
Caton Research Center LLC
—
Grant Deed
related
$16,000,000 · Miscellaneous Ins Co
—
—
Caton Research Center LLC
—
Deed Of Trust
related
$12,500,000 · Aetna Life Insurance & Annuity
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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