Entity Owned Property summary
AI-generated overview
The property is located on Eastern Boulevard in Essex, Maryland 21221 (Baltimore County) and sits on a 0.08-acre lot. It is a commercial building currently configured for use as a Brazilian Jiu Jitsu gym, with an open-concept layout and soaring ceilings. The property is under BL zoning, which permits a variety of commercial uses and supports either investment use or owner-user occupancy. The building is suited for occupancy after delivery vacant, and it is positioned to allow potential facade improvement work for new businesses.
Property profile
Verified
Property type
Other commercial real estate
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
BRICK
Total area
2,950 SF
Lot
0.08 ac (3,275 SF)
Zoning code
BL
APN
15-1519711101
UPID
US40-2268537
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Training Center Sports School
-
Gym & Fitness Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$285k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
since 2025
Last sale
$325,000
5 recorded transactions
Zoning & alternative use
BL · Essex, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$300k
Value range
$270k – $330k
±10% around blend
Estimated value / SF
$102 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
80
$270k
blend $300k
$330k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,950 SF
Lot area
0.08 ac
Year built
1945
Stories
1
APN
15-1519711101
Zoning
BL
Assessed value
$226,200
Annual tax
$2,141
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$428k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.6 mi away · 2,715 SF
0.6 mi away · 2,632 SF
1.8 mi away · 2,704 SF
3.2 mi away · 2,600 SF
4.5 mi away · 2,620 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$300k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$190
-46%
Submarket 387 sales
$139
-27%
County 186 sales
$213
-52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $102/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$325k
Move the market yield to see immediate price impact.
Value / SF
$110
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$410k
$293k
$228k
$23k
$455k
$325k
$253k
$25k
$501k
$357k
$278k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$480k
0.4 mi · Jan 2026 · $129/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,141
Tax year 2023
Assessed value
$226,200
Assessed 2023
Previous assessed
$226,200
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$114,600
Assessed improvement
$111,600
Land market value
$114,600
Improvement market value
$111,600
Total market value
$226,200
Applied tax rate
15.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
2,950 SF
Lot
0.08 ac (3,275 SF)
Zoning code
BL
APN
15-1519711101
UPID
US40-2268537
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Essex, MDZoning BL · permitted uses
BL · Essex, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1945
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BL
Jurisdiction
Essex, MD
Recorded code
BL
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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