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Property profile & analytics
OFF-MARKET
Estimated value
$22,205,000
Super regional malls
6512 Reisterstown Rd LU1, Baltimore, MD 21215-2304
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1507121
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
692,234 SF
Lot
50.05 ac (2,180,178 SF)
Zoning code
C-3
APN
28-01-4258 -001
UPID
US40-1507121
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
-
Five Below (Bike/Boat/Book/etc) Store
-
Planet Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.37M
Blend (final)
Blend
$22.21M
Owner & transaction history
Trc Rrp I LLC · 2 yrs held
Trc Rrp I LLC
since 2023
Last sale
$23.9M
4 recorded transactions
Zoning & alternative use
C-3 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$25,760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.21M
Range $19.98M – $24.43M · ±10% · vs last sale $23.85M (Nov 17 2023)
Last sale anchor
$23.85M
Nov 17 2023
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
$32 / 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
$109,824
Tax year 2023
Assessed value
$4,653,567
Assessed 2023
Previous assessed
$4,653,567
+0.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$1,264,800
Improvement market value
$3,794,500
Total market value
$5,059,300
Applied tax rate
28.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
8
Stories
1
Units
8
Total area
692,234 SF
Lot
50.05 ac (2,180,178 SF)
Zoning code
C-3
APN
28-01-4258 -001
UPID
US40-1507121
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-3 · Baltimore, MD
Zoning C-3 · permitted uses
C-3 · 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.
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
50.05 ac
Current owner
From public records · entity-resolved
Trc Rrp I LLC
Entity
Mailing address
2800 QUARRY LK DR STE 130TH BALTIMORE
Ownership since
2023
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
Nov 17, 2023
$23,850,000
Trc Rrp I LLC
Krg Reisterstown Plaza Associates L
Special Warranty Deed
$17,875,000 · Standard Insurance Co
Oct 7, 2011
—
Reisterstown Plaza Assocs LLC
—
Deed Of Trust
related
$585,000,000 · Key Bank & Trust
—
—
Reisterstown Plaza Assocs LLC
—
Deed Of Trust
related
$46,250,000 · Key Bank NA
—
—
Rose Casual Dining LP
—
Loan Modification
related
$15,559,620 · Bank Of America
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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