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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Manufacturing properties
4300 Shannon Dr Baltimore, MD 21213-2155
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0639825
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
BRICK
Total area
15,228 SF
Lot
22.95 ac (999,702 SF)
Zoning code
I-1
APN
26-20-6195 -007
UPID
US40-0639825
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
-
Phipps Construction Contractors Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.59M
Owner & transaction history
Shannon Drive LLC · 2 yrs held
Shannon Drive LLC
since 2024
7 recorded transactions
Zoning & alternative use
I-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+50.7%
Warehouse, storage
$2.3M
+39.0%
Medical building
$2.2M
+32.8%
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%
$1,400,000
6.5%
$1,295,000
7%
$1,200,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,665,000
Current use
COMMERCIAL (GENERAL)
$2,510,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,315,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$2,215,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$104 / 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
$40,767
Tax year 2023
Assessed value
$1,727,400
Assessed 2023
Previous assessed
$1,727,400
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$803,200
Assessed improvement
$924,200
Land market value
$803,200
Improvement market value
$924,200
Total market value
$1,727,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
15,228 SF
Lot
22.95 ac (999,702 SF)
Zoning code
I-1
APN
26-20-6195 -007
UPID
US40-0639825
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-1 · Baltimore, MD
Zoning I-1 · permitted uses
I-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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1987
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
22.95 ac
Current owner
From public records · entity-resolved
Shannon Drive LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7438 OLD WASHINGTON RD WOODBINE
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
—
Shannon Drive LLC
Pless B Jones SR.
Deed
—
Jun 15, 2007
$1,900,000
Pless B Jones SR.
Phipps Const Contractors INC
Grant Deed
$1,615,000 · Provident Bank INC
—
—
Pless B Jones SR.
—
Deed Of Trust
related
$3,000,000 · Us Surety Co
—
—
Pless B Jones SR
—
Deed Of Trust
related
$615,000 · Branch Bk&tr
—
—
Pless B Jones SR
—
Deed Of Trust
related
$1,280,000 · Branch Bk&tr
—
—
Pless B Jones SR
—
Deed Of Trust
related
$850,000 · Branch Bk&tr
—
—
Pless B Jones SR.
—
Deed Of Trust
related
$500,000 · Manufacturers Traders & Trust
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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