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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
4103 Southwestern Blvd, Baltimore, MD 21229-5433
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-1288184
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
3,660 SF
Lot
0.27 ac (11,820 SF)
Zoning code
ML
APN
13-1302370121
UPID
US40-1288184
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
-
Queen aisha African hair braiding Hair Salon
-
J & J Home Services, Inc. Construction Company General Contractor
-
All Out Autowerx Auto Repair Shop
-
Zero 13 Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Shawn D Tibbo · 1 yrs held
Shawn D Tibbo
since 2025
3 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+51.7%
Office building
$750,000
+35.0%
Neighborhood: shopping center
$670,000
+20.4%
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
WAREHOUSE, STORAGE
$555,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$750,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$605,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$510,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$167 / 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
$3,479
Tax year 2023
Assessed value
$480,933
Assessed 2024
Previous assessed
$480,933
+0.0% YoY
Effective rate
0.72%
On assessed value
Land market value
$180,500
Improvement market value
$314,500
Total market value
$495,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
3,660 SF
Lot
0.27 ac (11,820 SF)
Zoning code
ML
APN
13-1302370121
UPID
US40-1288184
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Baltimore, MD
Zoning ML · permitted uses
ML · 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
$555,000
AUTO REPAIR, GARAGE
Est. value
$845,000
OFFICE BUILDING
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$605,000
MEDICAL BUILDING
Est. value
$530,000
RETAIL STORES
Est. value
$510,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1998
Heating
NONE
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Shawn D Tibbo
Individual
Free & Clear · 1 yrs held
Mailing address
4103 SOUTHWESTERN BLVD, BALTIMORE, MD 21229-5433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 10, 2025
—
Shawn D Tibbo
Linda D Tibbo
Deed
related
—
Oct 12, 2021
—
Linda D Tibbo
John M Tibbo
Intrafamily Transfer
related
—
Mar 2, 2000
$135,000
John M Tibbo
Moran,timothy G
Grant Deed
$108,000 · Crestar Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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