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Property profile & analytics
OFF-MARKET
Estimated value
$13,955,000
Strip malls
6500 Eastern Ave 3, Baltimore, MD 21224-2900
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0839196
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
67,412 SF
Lot
6.91 ac (300,880 SF)
Zoning code
R-8
APN
26-17-6345D-002B
UPID
US40-0839196
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
-
Anchor Square Business Service Center Corporate Office
-
Sonny Nails Nail Salon
-
Western Union Bank Credit Union
-
Grace bakery Bakery Specialty Food Shop
-
KETAKI JAIRAJ JATAR Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.41M
CAP Approach
CAP
$14.12M
Comparable Approach
Comparable
$15.14M
Blend (final)
Blend
$13.96M
Owner & transaction history
Anchor Square Plaza LLC · 3 yrs held
Anchor Square Plaza LLC
since 2022
Last sale
$14.0M
2 recorded transactions
Zoning & alternative use
R-8 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.7M
+59.2%
Auto repair, garage
$15.6M
+26.0%
Restaurant
$13.4M
+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
$13,715,000
ML approach
$9,405,000
CAP Approach
CAP Return
Estimation
6%
$15,290,000
6.5%
$14,115,000
7%
$13,105,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,345,000
Current use
OFFICE BUILDING
$19,655,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,555,000
Change: +26% · Conversion: Difficult
RESTAURANT
$13,385,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,255,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$13.96M
Range $12.56M – $15.35M · ±10% · vs last sale $14.00M (Oct 14 2022)
Last sale anchor
$14.00M
Oct 14 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
$207 / 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
$242,563
Tax year 2023
Assessed value
$10,278,100
Assessed 2023
Previous assessed
$10,659,000
-3.6% YoY
Effective rate
2.36%
On assessed value
Assessed land
$3,610,500
Assessed improvement
$6,667,600
Land market value
$3,610,500
Improvement market value
$6,667,600
Total market value
$10,278,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
67,412 SF
Lot
6.91 ac (300,880 SF)
Zoning code
R-8
APN
26-17-6345D-002B
UPID
US40-0839196
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-8 · Baltimore, MD
Zoning R-8 · permitted uses
R-8 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.3M
OFFICE BUILDING
Est. value
$19.7M
AUTO REPAIR, GARAGE
Est. value
$15.6M
RESTAURANT
Est. value
$13.4M
WAREHOUSE, STORAGE
Est. value
$10.3M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
6.91 ac
Current owner
From public records · entity-resolved
Anchor Square Plaza LLC
Entity
Mailing address
6500 EASTERN AVE #3, BALTIMORE, MD 21224-2900
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$14,000,000
Anchor Square Plaza LLC
Vip Medical Arts LLC
Deed
$10,500,000 · Bank Of Clarke County
Oct 9, 2015
$14,500
Vip-medical Arts LLC
Mafa Eastern Avenue Associates
Grant Deed
—
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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