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Property profile & analytics
OFF-MARKET
Estimated value
$12,550,000
Office buildings
415 Washington St, Baltimore, MD 21231-1121
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0996649
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
BRICK
Total area
48,360 SF
Lot
0.11 ac (4,680 SF)
Zoning code
OR-1
APN
06-05-1667 -001
UPID
US40-0996649
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
-
Adam J Milam Counselor
-
Center for Indigenous Health University Educational Institution
-
Vaxchat Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.61M
Blend (final)
Blend
$12.55M
Owner & transaction history
Kurt Zimmerman · 13 yrs held
Kurt Zimmerman
since 2013
6 recorded transactions
Zoning & alternative use
OR-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.2M
+12.4%
Restaurant
$11.0M
+10.7%
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
OFFICE BUILDING
$9,930,000
Current use
AUTO REPAIR, GARAGE
$11,160,000
Change: +12% · Conversion: Difficult
RESTAURANT
$10,995,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,855,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,980,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$12.55M
Range $11.30M – $13.81M · ±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
$260 / 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
$288,884
Tax year 2023
Assessed value
$12,240,867
Assessed 2023
Previous assessed
$10,843,300
+12.9% YoY
Effective rate
2.36%
On assessed value
Land market value
$295,400
Improvement market value
$14,740,600
Total market value
$15,036,000
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
BRICK
Heating
YES
Cooling
YES
Stories
5
Units
1
Total area
48,360 SF
Lot
0.11 ac (4,680 SF)
Zoning code
OR-1
APN
06-05-1667 -001
UPID
US40-0996649
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
OR-1 · Baltimore, MD
Zoning OR-1 · permitted uses
OR-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
OFFICE BUILDING Current
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$11.2M
RESTAURANT
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$8.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2014
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
5
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kurt Zimmerman
Individual
Mailing address
900 MACPHAIL WOODS XING APT 4C, BEL AIR, MD 21015-5870
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2013
—
Kurt Zimmerman
Mirabile,samuel P
Grant Deed
—
Jun 15, 2012
—
My Son Dev LLC
Mogavero,samuel
Grant Deed
related
—
May 17, 2012
—
Samuel Mogavero
Mogavero,samuel
Quit Claim Deed
related
—
Nov 3, 2011
$75,000
Kurt Zimmerman
Mirable,samuel P
Grant Deed
—
Nov 3, 2011
—
Samuel Mogavero
Zimmerman,kurt
Grant Deed
related
—
—
—
Samuel P Mirabile
—
Deed Of Trust
related
$650,000 · Sovereign 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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