Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office buildings
427 Eastern Blvd Baltimore, MD 21221-6736
Entity Owned
13-yr Hold
Free & Clear
Property ID
US40-0465394
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Construction
BRICK
Total area
4,280 SF
Lot
0.15 ac (6,554 SF)
Zoning code
BLCCC
APN
15-1516751620
UPID
US40-0465394
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
-
Seifert and Rodowsky, P.A. Law Firm
-
Charm City Photo Booths Photography Service (Bike/Boat/Book/etc) Store
-
21ST CENTURY COMPUTING Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$650k
Owner & transaction history
Essex Middle River LLC · 13 yrs held
Essex Middle River LLC
since 2012
4 recorded transactions
Zoning & alternative use
BLCCC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+12.4%
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
OFFICE BUILDING
$880,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$815,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$805,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$152 / 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
$2,900
Tax year 2023
Assessed value
$415,400
Assessed 2023
Previous assessed
$407,400
+2.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$131,000
Assessed improvement
$284,400
Land market value
$131,000
Improvement market value
$284,400
Total market value
$415,400
Applied tax rate
15.0000
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
1953
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
4,280 SF
Lot
0.15 ac (6,554 SF)
Zoning code
BLCCC
APN
15-1516751620
UPID
US40-0465394
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCCC · Baltimore, MD
Zoning BLCCC · permitted uses
BLCCC · 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
$880,000
AUTO REPAIR, GARAGE
Est. value
$990,000
RETAIL STORES
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1953
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Essex Middle River LLC
Entity
Free & Clear · 13 yrs held
Mailing address
427 EASTERN BLVD, BALTIMORE, MD 21221-6736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2019
—
Essex Middle River LLC
—
Deed
related
$150,000 · Howard Bank
Aug 21, 2012
—
Essex Middle River LLC
Essex Mr General Ptshp
Quit Claim Deed
—
—
—
Essex Of Mr General Ptshp
—
Deed Of Trust
related
$60,000 · Baltimore County (md)
—
—
Essex/mr Gp
—
Deed Of Trust
related
$100,000 · First Union National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 427 Eastern Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
