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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
605 Caton Ave, Baltimore, MD 21229-4207
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0092288
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
BRICK
Total area
4,725 SF
Lot
0.85 ac (37,026 SF)
Zoning code
C-2
APN
20-05-2113 -001
UPID
US40-0092288
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
-
Doughboy Construction Company General Contractor
-
Total Waste Waste Management Facility
-
Laun Brothers Construction Company General Contractor
-
Delta Contractors Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$340k
Blend (final)
Blend
$545k
Owner & transaction history
Brex Investments LLC · 4 yrs held
Brex Investments LLC
since 2022
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$865,000
+20.4%
Commercial (general)
$780,000
+8.4%
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
$540,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$780,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$660,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Jan 24 2022)
Last sale anchor
$550k
Jan 24 2022
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
$8,081
Tax year 2023
Assessed value
$342,400
Assessed 2023
Previous assessed
$342,400
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$203,600
Assessed improvement
$138,800
Land market value
$203,600
Improvement market value
$138,800
Total market value
$342,400
Applied tax rate
20.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
4,725 SF
Lot
0.85 ac (37,026 SF)
Zoning code
C-2
APN
20-05-2113 -001
UPID
US40-0092288
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MD
Zoning C-2 · permitted uses
C-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
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$780,000
MEDICAL BUILDING
Est. value
$685,000
RETAIL STORES
Est. value
$660,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1990
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Brex Investments LLC
Entity
Mailing address
10421 STEVENSON RD UNIT 198TH STEVENSON
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
$550,000
Brex Investments LLC
Liberty Properties LLC
Deed
—
Oct 11, 2006
$450,000
Liberty Properties LLC
Laun,james A
Grant Deed
$382,500 · Susquehanna Bank
—
—
Liberty Properties LLC
—
Deed Of Trust
related
$321,000 · M&t Bk
—
—
Liberty Properties LLC
—
Deed Of Trust
related
$192,500 · Susquehanna Bank
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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