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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Distribution centers
505 Kane St, Baltimore, MD 21224-2929
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1103857
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1968
Construction
BRICK
Total area
20,900 SF
Lot
1.23 ac (53,579 SF)
Zoning code
I-2
APN
26-01-6703 -008
UPID
US40-1103857
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
-
Maryland Countertop Solutions Kitchen & Bath Showroom Hardware & Home Improvement
-
Buy Right Kitchen And Bath Hardware & Home Improvement Furniture & Home Goods
-
Habitat For Humanity Dundalk ReStore Building Supply Hardware & Home Improvement
-
Exclusive Cabinets LLC Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.41M
Owner & transaction history
Ksquared 505 Kane LLC · 2 yrs held
Ksquared 505 Kane LLC
since 2023
Last sale
$2.5M
2 recorded transactions
Zoning & alternative use
I-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+20.4%
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
$2,645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,390,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,830,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,045,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$3,035,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,700,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±10% · vs last sale $2.45M (Oct 11 2023)
Last sale anchor
$2.45M
Oct 11 2023
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
$115 / 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
$21,719
Tax year 2023
Assessed value
$920,300
Assessed 2023
Previous assessed
$920,300
+0.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$323,500
Improvement market value
$612,600
Total market value
$936,100
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
20,900 SF
Lot
1.23 ac (53,579 SF)
Zoning code
I-2
APN
26-01-6703 -008
UPID
US40-1103857
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-2 · Baltimore, MD
Zoning I-2 · permitted uses
I-2 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Ksquared 505 Kane LLC
Entity
Mailing address
42 CANTERBURY LN, WATCHUNG, NJ 07069-6124
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$2,450,000
Ksquared 505 Kane LLC
Kimmel Realty Co Ltd Liability Prtn
Deed
$1,837,500 · Point Breeze Cu
Apr 23, 1998
—
Kimmel Realty Company Limited Li
Kimmel Realty Co
Quit Claim Deed
related
—
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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