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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Warehouses
5921 Moravia Park Dr, Baltimore, MD 21206-7023
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0772749
Property summary
AI-generated overview
This multi-tenant warehouse building, located at 5921 Moravia Park Drive in Northeast Baltimore, offers an excellent opportunity for small contractors or businesses seeking immediate occupancy. The property boasts a total of 38,562 square feet across two suites, with one 1,600 square foot space currently available. This unit features a 14-foot ceiling height, a 10-foot wide by 12-foot high drive-in door, a concrete slab floor, and a small office. Heat is provided by a gas-fired space heater. Three-phase electric service is available throughout the building. The building is classified as Class C and was constructed in 1968. The lot size is 2.98 acres. The property's strategic location provides easy access to major transportation arteries, including the I-895 and I-95 interchanges, offering seamless connectivity throughout the Baltimore metro area. Businesses will also appreciate the proximity to the Port of Baltimore, a significant advantage for companies involved in shipping and global trade. The zoning for the property is C-4. The maximum contiguous square footage available within the building is 3,200 square feet. This presents a unique opportunity for a business seeking a functional and conveniently located warehouse space in a thriving area.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
BRICK
Total area
9,724 SF
Lot
2.98 ac (129,809 SF)
Zoning code
I-1
APN
26-20-6064 -004
UPID
US40-0772749
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
-
Dell Electric LLC Electrical Service General Contractor
-
KW Electric LLC General Contractor
-
Kroner Industrial Truck Services Material Handling Equipment Supplier
-
FRUMEX PALETAS Freight Service Logistics Company
-
CMT Contractors General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.34M
Owner & transaction history
Moravia Investments LLC · 11 yrs held
Moravia Investments LLC
since 2014
1 recorded transaction
Zoning & alternative use
I-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+49.5%
Office building
$2.0M
+35.0%
Neighborhood: shopping center
$1.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,400,000
6.5%
$1,290,000
7%
$1,200,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,480,000
Current use
RESTAURANT
$2,210,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$1,995,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,780,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$1,415,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$138 / 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
$25,807
Tax year 2023
Assessed value
$1,093,500
Assessed 2023
Previous assessed
$1,093,500
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$239,100
Assessed improvement
$854,400
Land market value
$239,100
Improvement market value
$854,400
Total market value
$1,093,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
NONE
Buildings
4
Stories
1
Units
4
Total area
9,724 SF
Lot
2.98 ac (129,809 SF)
Zoning code
I-1
APN
26-20-6064 -004
UPID
US40-0772749
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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1984
Construction
BRICK
Heating
NONE
Stories
1
Buildings
4
Units
4
Lot
2.98 ac
Current owner
From public records · entity-resolved
Moravia Investments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
131 SLADE AVEA, BALTIMORE, MD 21208-4907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2014
—
Moravia Investments LLC
Moravia Investments
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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