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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Investment properties
4017 Eastern Ave Baltimore, MD 21224-4257
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1891155
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
BRICK
Total area
6,459 SF
Lot
0.08 ac (3,360 SF)
Zoning code
C-2
APN
26-10-6427 -015
UPID
US40-1891155
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
-
Savannah's Island Bar And Grill Bar & Pub Restaurant
-
Floristería Reyna's Decorating and Flowers (Bike/Boat/Book/etc) Store Florist
-
ROSARIO ACCOUNTING FIRM Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.02M
Owner & transaction history
407 Eastern LLC · 1 yrs held
407 Eastern LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+58.4%
Restaurant
$1.3M
+36.3%
Neighborhood: shopping center
$1.2M
+25.7%
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
COMMERCIAL (GENERAL)
$940,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: +58% · Conversion: Difficult
RESTAURANT
$1,285,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$985,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$940,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$835,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$157 / 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
$13,277
Tax year 2023
Assessed value
$562,567
Assessed 2023
Previous assessed
$562,200
+0.1% YoY
Effective rate
2.36%
On assessed value
Land market value
$100,400
Improvement market value
$462,900
Total market value
$563,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
6,459 SF
Lot
0.08 ac (3,360 SF)
Zoning code
C-2
APN
26-10-6427 -015
UPID
US40-1891155
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MD
Zoning C-2 · permitted uses
C-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$835,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1900
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
407 Eastern LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4017 EASTERN AVE, BALTIMORE, MD 21224-4257
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
407 Eastern LLC
Nw & Associtaes LLC
Deed
—
Mar 28, 2023
—
Nw & Associates LLC
Nw & Associates
Intrafamily Transfer
related
—
Feb 16, 2021
$209,667
Nw & Associates
Norma Rosario
Deed
$232,527 · Bay Vanguard Bank
Dec 18, 2018
$230,000
Norma Roasrio
Glanville Lores
Deed
$295,000 · Spring Gardner Lending Baltimore Ll
Feb 27, 2014
$203,000
Glanville,lores & James S
Mayreallii LLC
Grant Deed
$136,000 · Branch Bk&tr
Dec 15, 2008
$175,000
Mayrealii LLC
Mcneill One LLC
Grant Deed
—
May 14, 2003
$55,000
Me & L Investors LLC
Hud
Grant Deed
$30,000 · Nancy Van Gelder
Mar 13, 2003
$70,000
Peltz Enterprises
Yerman,robert J
Trustees Deed
—
—
—
Mcneil One LLC
—
Deed Of Trust
related
$25,782 · Wachovia Bank NA
—
—
Mcneill One LLC
—
Deed Of Trust
related
$25,000 · Wachovia Bank NA
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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