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Property profile & analytics
OFF-MARKET
Estimated value
$74,610,000
Apartment buildings
707 York Rd Baltimore, MD 21204-2546
Entity Owned
22-yr Hold
Property ID
US40-0692397
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2009
Total area
504,250 SF
Lot
5.32 ac (231,739 SF)
Zoning code
RAE2
APN
09-2500004324
UPID
US40-0692397
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
-
Towson Promenade Apartment Building Apartment Complex
-
Uppity Self-Care (Bike/Boat/Book/etc) Store Cosmetic Store
-
Marlon Ming, DPT Physician
-
Baltimore Photo Booth Rental Wedding Service Photography Service
-
NINE6 Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$95.57M
Blend (final)
Blend
$74.61M
Owner & transaction history
Concon LLC · 22 yrs held
Concon LLC
since 2004
4 recorded transactions
Zoning & alternative use
RAE2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$116.3M
+78.5%
Restaurant
$114.7M
+75.9%
Office building
$107.8M
+65.4%
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
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
APARTMENT HOUSE (5+ UNITS)
$65,180,000
Current use
AUTO REPAIR, GARAGE
$116,345,000
Change: +79% · Conversion: Difficult
RESTAURANT
$114,665,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$107,785,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$92,350,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$76,705,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$73,275,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$74.61M
Range $67.15M – $82.07M · ±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
$148 / 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
$1,050,620
Tax year 2023
Assessed value
$72,680,400
Assessed 2023
Previous assessed
$72,680,400
+0.0% YoY
Effective rate
1.45%
On assessed value
Land market value
$17,380,400
Improvement market value
$59,870,000
Total market value
$77,250,400
Applied tax rate
9.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2009
Heating
HEAT PUMP
Buildings
2
Stories
5
Units
379
Total area
504,250 SF
Lot
5.32 ac (231,739 SF)
Zoning code
RAE2
APN
09-2500004324
UPID
US40-0692397
Jurisdiction
BALTIMORE
Zoning & alternative use
RAE2 · Baltimore, MDZoning RAE2 · permitted uses
RAE2 · Baltimore, MD
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$65.2M
AUTO REPAIR, GARAGE
Est. value
$116.3M
RESTAURANT
Est. value
$114.7M
OFFICE BUILDING
Est. value
$107.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$92.4M
WAREHOUSE, STORAGE
Est. value
$76.7M
MEDICAL BUILDING
Est. value
$73.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2009
Heating
HEAT PUMP
Stories
5
Buildings
2
Units
379
Lot
5.32 ac
Current owner
From public records · entity-resolved
Concon LLC
Entity
Mailing address
1745 SHEA CTR DR STE #200, HIGHLANDS RANCH, CO 80129-1540
Ownership since
2004
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
Jul 20, 2011
—
Towson Promenade LLC
—
Deed Of Trust
related
$350,000,000 · New York Life Insurance
Nov 15, 2010
—
Towson Promenade LLC
—
Deed Of Trust
related
$81,130,000 · Pacific Life Insurance Co
Jun 2, 2004
$924,000
Concon LLC
Abglo Assoc LLC
Grant Deed
$1,450,000 · Farmers & Merchants Bk & Tr
—
—
Towson Promenade LLC
—
Deed Of Trust
related
$58,600,000 · Grandbridge R/e Cap
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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