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Property profile & analytics
OFF-MARKET
Estimated value
$11,025,000
Grocery and convenience stores
4601 Liberty Hts Ave, Baltimore, MD 21207-7553
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1561193
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Total area
70,275 SF
Lot
0.12 ac (5,256 SF)
Zoning code
C-3
APN
28-03-8305 -017
UPID
US40-1561193
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
-
ShopRite Pharmacy of Howard Park Pharmacy
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
higi Physician
-
Bel Air Family Care, LLC Pediatrician Physician
-
Fast Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.85M
Blend (final)
Blend
$11.03M
Owner & transaction history
LIBERTY HEIGHTS SHOPPING CENTER LLC
LIBERTY HEIGHTS SHOPPING CENTER LLC
Zoning & alternative use
C-3 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.2M
+65.7%
Restaurant
$16.0M
+63.3%
Office building
$14.4M
+47.4%
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
RETAIL STORES
$9,790,000
Current use
AUTO REPAIR, GARAGE
$16,215,000
Change: +66% · Conversion: Difficult
RESTAURANT
$15,980,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$14,430,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,870,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,585,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$10,690,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$10,210,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$11.03M
Range $9.92M – $12.13M · ±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
$157 / 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
$213,510
Tax year 2023
Assessed value
$8,613,733
Assessed 2024
Previous assessed
$9,047,033
-4.8% YoY
Effective rate
2.48%
On assessed value
Land market value
$2,128,700
Improvement market value
$6,591,900
Total market value
$8,720,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2014
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
70,275 SF
Lot
0.12 ac (5,256 SF)
Zoning code
C-3
APN
28-03-8305 -017
UPID
US40-1561193
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-3 · Baltimore, MD
Zoning C-3 · permitted uses
C-3 · 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
RETAIL STORES Current
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$16.2M
RESTAURANT
Est. value
$16.0M
OFFICE BUILDING
Est. value
$14.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$11.6M
WAREHOUSE, STORAGE
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$10.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2014
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
LIBERTY HEIGHTS SHOPPING CENTER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2011 KLEIN PLZ DR, FOREST HILL, MD 21050-2603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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