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Property profile & analytics
FOR LEASE
Distribution centers
6615 Tributary St, Baltimore, MD 21224
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US40-0886186
For Lease
$3,280,000
6615 Tributary St, Baltimore, MD 21224
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Total area
66,000 SF
Lot
1.01 ac (43,996 SF)
Zoning code
I-1
APN
26-01-6921 -007
UPID
US40-0886186
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
-
Redi Carpet General Contractor Renovation Specialist
-
Belfort Instrument Company Corporate Office
-
Modular One Installers Warehouse & Storage
-
Best American Movers Baltimore MD Moving Company Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.28M
Owner & transaction history
Bre Dp Md LLC · 14 yrs held
Bre Dp Md LLC
since 2012
7 recorded transactions
Zoning & alternative use
I-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±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
$50 / 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
$5,806
Tax year 2023
Assessed value
$246,000
Assessed 2023
Previous assessed
$246,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$86,300
Assessed improvement
$159,700
Land market value
$86,300
Improvement market value
$159,700
Total market value
$246,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1987
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
66,000 SF
Lot
1.01 ac (43,996 SF)
Zoning code
I-1
APN
26-01-6921 -007
UPID
US40-0886186
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
I-1 · Baltimore, MD
Zoning I-1 · permitted uses
I-1 · 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
1987
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Bre Dp Md LLC
Entity
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
—
Icon Dp Md Owner Pool 2 West Northe
—
Deed
related
$235,000,000 · Barclays Capital Real Estate INC Etal
Mar 18, 2024
—
Icon Dp Md Owner Pool 2 West Northe
—
Deed
related
—
Oct 23, 2019
—
Icon Dp Md Owner Pool 2 West Northe
—
Deed
related
—
Nov 27, 2017
—
Icon Dp Md Owner Pool 2 West & N
—
Grant Deed
related
$385,000,000 · Miscellaneous Ins Co
Nov 21, 2017
—
Icon Dp Md Owner Pool 2 West & N
—
Grant Deed
related
$385,000,000 · Miscellaneous Ins Co
Jun 29, 2012
$11,100,000
Bre Dp Md LLC
Clp Industrial Properties LLC
Grant Deed
$11,100,000 · General Electric Capital Corp
Jul 29, 2005
$385,879
Clp Industrial Properties LLC
First Industrial Financing Ptshp
Grant Deed
$225,000,000 · Jackson National Life Ins Co
May 6, 1998
$253,276
Industrial LP First
P Frederick Obrecht Mgmt LLP
Grant Deed
related
—
—
—
Bre Of Dp Md LLC
—
Deed Of Trust
related
$2,220,000 · General Electric Capital Corp
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
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