New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,980,000
Outlet malls
6315 Eastern Ave, Baltimore, MD 21224-2912
Entity Owned
22-yr Hold
Free & Clear
Property ID
US40-1376932
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Construction
BRICK
Total area
107,291 SF
Lot
12.14 ac (529,036 SF)
Zoning code
I-2
APN
26-01-6699 -002
UPID
US40-1376932
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
-
Snack Shack Take-out & Catering
-
The Home Depot Building Supply Hardware & Home Improvement
-
Tool & Truck Rental Center at The Home Depot (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
The Home Depot Parking Lot Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.90M
Blend (final)
Blend
$14.98M
Owner & transaction history
Hd Development Of Maryland INC · 22 yrs held
Hd Development Of Maryland INC
since 2003
1 recorded transaction
Zoning & alternative use
I-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.8M
+108.0%
Restaurant
$21.3M
+79.1%
Neighborhood: shopping center
$19.7M
+65.1%
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
$11,900,000
Current use
AUTO REPAIR, GARAGE
$24,755,000
Change: +108% · Conversion: Difficult
RESTAURANT
$21,305,000
Change: +79% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$19,650,000
Change: +65% · Conversion: Moderate
WAREHOUSE, STORAGE
$16,320,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,630,000
Change: +31% · Conversion: Easy
MEDICAL BUILDING
$15,590,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$14.98M
Range $13.48M – $16.48M · ±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
$140 / 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
$246,195
Tax year 2023
Assessed value
$10,432,000
Assessed 2023
Previous assessed
$10,186,900
+2.4% YoY
Effective rate
2.36%
On assessed value
Land market value
$3,703,200
Improvement market value
$7,219,000
Total market value
$10,922,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
107,291 SF
Lot
12.14 ac (529,036 SF)
Zoning code
I-2
APN
26-01-6699 -002
UPID
US40-1376932
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
RETAIL STORES Current
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$24.8M
RESTAURANT
Est. value
$21.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.7M
WAREHOUSE, STORAGE
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$15.6M
MEDICAL BUILDING
Est. value
$15.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
12.14 ac
Current owner
From public records · entity-resolved
Hd Development Of Maryland INC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2003
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
Nov 12, 2003
—
Hd Development Of Maryland INC
Home Depot USA INC
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6315 Eastern Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
