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Property profile & analytics
OFF-MARKET
Estimated value
$12,745,000
Office buildings
6250 Blast Furnace Rd, Baltimore, MD 21219-1860
Entity Owned
Free & Clear
Property ID
US40-0589184
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
BRICK
Total area
62,000 SF
Lot
1929.36 ac (84,043,008 SF)
APN
15-1502024000
UPID
US40-0589184
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.15M
Comparable Approach
Comparable
$14.08M
Blend (final)
Blend
$12.75M
Owner & transaction history
Tpa Properties 65 LLC
Tpa Properties 65 LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.3M
+12.4%
Restaurant
$14.1M
+10.7%
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%
$15,325,000
6.5%
$14,145,000
7%
$13,135,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,730,000
Current use
AUTO REPAIR, GARAGE
$14,305,000
Change: +12% · Conversion: Difficult
RESTAURANT
$14,100,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,355,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,225,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$12.75M
Range $11.47M – $14.02M · ±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
$206 / 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
$645,727
Tax year 2023
Assessed value
$38,708,700
Assessed 2023
Previous assessed
$38,708,700
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$27,096,000
Assessed improvement
$11,612,700
Land market value
$27,096,000
Improvement market value
$11,612,700
Total market value
$38,708,700
Applied tax rate
15.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
2
Total area
62,000 SF
Lot
1929.36 ac (84,043,008 SF)
APN
15-1502024000
UPID
US40-0589184
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$14.3M
RESTAURANT
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$10.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1999
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Units
2
Lot
1929.36 ac
Current owner
From public records · entity-resolved
Tpa Properties 65 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6995 BETHLEHEM BLVD STE 100TH BALTIMORE
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Tpa Properties 65 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
—
Oct 8, 2025
—
Tpa Properties 63 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
—
Aug 28, 2025
—
Tpa Properties 59 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
$28,000,000 · Truist Bank
Apr 30, 2025
—
Tpa Proeprties 54 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
—
Mar 4, 2025
—
Tpa Properties 3 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
—
Aug 21, 2024
—
Tradepoint Til Terminal LLC
Tpa Properties 41 LLC
Lease
—
Jul 12, 2024
—
Tradepoint Til Terminal LLC
Tpa Properties 41 LLC
Lease
—
Jul 5, 2024
—
Tpa Properties 41 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
—
Jun 20, 2024
—
Tradepoint Atlantic LLC
Tpa Properties 48 LLC
Special Warranty Deed
—
Jun 11, 2024
—
Tpa Properties 51 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
$50,000,000 · Cibc Bank USA
Aug 22, 2023
—
Tpa Properties 48 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
$16,390 · Pinncacle Bank
Aug 15, 2023
—
Tpa Properties 40 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
$16,390 · Cogent Bank
Mar 22, 2023
—
Tpa Properties 44 LLC
Tradepoint Atlantic LLC
Special Warranty Deed
$2,900,000 · Cibc Bank USA
Aug 25, 2022
—
Tradepoint Atlantic LLC
Tpa Properties 4 LLC
Special Warranty Deed
—
Jun 3, 2022
—
Tpa Properties LLC
Tradepoint Atlantic LLC
Special Warranty Deed
$39,740,000 · Pinncacle Bank
Apr 12, 2022
—
Tpa Properties 29 LLC
Traepoint Atlantic LLC
Special Warranty Deed
—
Jan 26, 2021
—
Tpa Properties 27 LLC
Tradepoint Atlantic LLC
Grant Deed
related
—
Jan 12, 2021
—
Tpa Properties 20 LLC
Tradepoint Atlantic LLC
Grant Deed
related
—
Nov 4, 2020
—
Tpa Properties 25 LLC
Tradepoint Atlantic LLC
Grant Deed
—
Sep 28, 2020
—
Baltimore County
Tradepoint Atlantic LLC
Grant Deed
—
May 25, 2017
—
Etcl Sparrows Point LLC
—
Deed
related
$523,000,000 · Jp Morgan Chase Bk
Aug 26, 2016
—
Scannell Properties 191 LLC
—
Deed
related
$36,007,930 · Wells Fargo Bk
Oct 20, 2014
$1,125,000
Sparrows Point Terminal LLC
Hre Sparrows Point LLC
Grant Deed
—
Oct 20, 2014
$110,000,000
Sparrows Point Terminal LLC
Sparrows Point LLC
Grant Deed
—
Dec 3, 2012
$23,250,000
Sparrows Point LLC
Rg Steel Sparrows Point LLC
Quit Claim Deed
related
—
Oct 2, 2012
$23,250,000
Sparrows Point LLC
Rg Steel Sparrows Point LLC
Quit Claim Deed
related
—
Jun 30, 2003
—
Isg Sparrows Point INC
Bethlehem Steel Corp
Grant Deed
related
—
Mar 1, 2001
—
Connecticut Bank & Trust
State Street Bank & Trust Co
Quit Claim Deed
related
—
—
—
Scannell Properties 191 LLC
—
Deed Of Trust
related
$36,007,930 · Wells Fargo Bk
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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