Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    432 Grundy St Baltimore, MD 21224-2605
    Back to Search
    Property profile & analytics

    432 Grundy St, Baltimore, MD 21224-2605

    View on Map
    • Investment properties
    • 696 SF
    • 0.01 lot acres
    Off-Market
    Last Sale Feb 20, 2026
    Property ID
    US40-1911567
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 432 Grundy St

    Year built
    1910
    Lot size
    0.01 lot acres
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    26-10-6315B-037
    APU
    26106315B037

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 20, 2026 — Fobg 340432 LLC Christine Downs Deed —
    Nov 13, 2025 — Christine Downs Brian Downs Deed · related —
    May 7, 2021 $210,000 Brian Downs South Grundy Street Properties LLC Deed $154k · Paramount Bank
    May 7, 2021 — South Grundy Street Properties LLC Robert L Ficltus Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5636
    Latitude
    39.2871
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,930
    $0.00
    $0.00
    $81,800
    -
    $40,700
    $164,700
    $205,400

    Comparable in this City

    • Value Estimation by Request
      2,038 SF

      3429 Eastern Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3429 Eastern Ave, Baltimore, MD 21224-4132
      View Details
    • Value Estimation by Request
      1,260 SF

      4614 Eastern Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4614 Eastern Ave, Baltimore, MD 21224-4417
      View Details
    • Value Estimation by Request
      1,260 SF

      4708 Eastern Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4708 Eastern Ave, Baltimore, MD 21224-4419
      View Details
    • Value Estimation by Request
      1,820 SF

      3709 Eastern Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3709 Eastern Ave, Baltimore, MD 21224-2369
      View Details
    • Value Estimation
      $630,000
      3,120 SF

      600 Clinton St

      OFFICE/RESIDENTIAL (MIXED USE)
      600 Clinton St, Baltimore, MD 21224-4007
      View Details
    • Value Estimation by Request
      1,340 SF

      414 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      414 Highland Ave, Baltimore, MD 21224-2313
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Retail Space with Apartment, License

      Retail property with apartment and liquor license for sale.
      4701 Eastern Ave, Baltimore, MD 21224
      View Details
    • $289,900

      Baltimore Mixed-Use Value-Add Opportunity

      Mixed-use property with commercial space and residential potential in Baltimore.
      3209 E Lombard St, Baltimore, MD 21224
      View Details
    • $699,000
      6,220 SF

      Highlandtown Mixed-Use Property For Sale

      Versatile property in Baltimore's Highlandtown Arts District.
      244 S Highland Ave, Baltimore, MD 21224
      View Details
    • Contact for pricing
      8,000 SF

      Baltimore City Mixed-Use Opportunity

      Mixed-use property with secured parking and residential apartment available for rent.
      3729-3737 Gough St, Baltimore, MD 21224
      View Details
    • Contact for pricing

      Highlandtown Commercial Development Opportunity

      0.15-acre Class A commercial development site in active Highlandtown.
      3512 Eastern Ave, Baltimore, MD 21224
      View Details
    • $625,000

      Renovated Mixed-Use Investment Property

      Mixed-use property near Patterson Park with income potential.
      3126 E Baltimore St, Baltimore, MD 21224
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo
      52,708 SF

      Flexible Office Workspaces Available

      Private office spaces with shared amenities in Baltimore Highlands.
      101 N Haven St, Baltimore, MD 21224
      View Details
    • Contact for pricing

      Urban Mixed-Use Development For Rent

      Mixed-use development near Johns Hopkins Bayview Medical Campus.
      5601 Eastern Ave, Baltimore, MD 21224
      View Details
    • $1,900 /Mo

      Versatile Lower-Level Commercial Space

      Multi-purpose rental space near downtown Baltimore with flexible layout.
      3701 E Lombard St, Baltimore, MD 21224
      View Details
    • $1,900 /Mo

      Versatile Lower-Level Commercial Space

      Multi-purpose rental space near downtown Baltimore, ideal for various businesses.
      3701 E Lombard St, Baltimore, MD 21224
      View Details
    • $1,900 /Mo
      1,960 SF

      Versatile Lower-Level Commercial Space

      Multi-purpose rental space near downtown Baltimore, ideal for various businesses.
      3701 E Lombard St, Baltimore, MD 21224
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    432 Grundy St
    Baltimore, MD 21224-2605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    432 Grundy St, Baltimore, MD, 21224
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!