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Property profile & analytics
OFF-MARKET
Estimated value
$11,650,000
Distribution centers
7153 Elm Rd, Baltimore, MD 21240
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1163197
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,200 SF
Lot
778.66 ac (33,918,428 SF)
Zoning code
R1
APN
05-000-15461038
UPID
US40-1163197
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.69M
Blend (final)
Blend
$11.65M
Owner & transaction history
Maryland Economic Dev Corp · 8 yrs held
Maryland Economic Dev Corp
since 2017
1 recorded transaction
Zoning & alternative use
R1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.9M
+51.7%
Restaurant
$13.7M
+49.5%
Office building
$12.4M
+35.0%
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
WAREHOUSE, STORAGE
$9,160,000
Current use
AUTO REPAIR, GARAGE
$13,890,000
Change: +52% · Conversion: Easy
RESTAURANT
$13,690,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$12,365,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,025,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,925,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$8,750,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$8,385,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$11.65M
Range $10.49M – $12.82M · ±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
$194 / 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
Assessed value
$61,248,100
Assessed 2023
Previous assessed
$60,889,800
+0.6% YoY
Land market value
$28,151,500
Improvement market value
$33,813,200
Total market value
$61,964,700
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
60,200 SF
Lot
778.66 ac (33,918,428 SF)
Zoning code
R1
APN
05-000-15461038
UPID
US40-1163197
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R1 · Baltimore, MD
Zoning R1 · permitted uses
R1 · 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
WAREHOUSE, STORAGE Current
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$13.9M
RESTAURANT
Est. value
$13.7M
OFFICE BUILDING
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$8.8M
RETAIL STORES
Est. value
$8.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
778.66 ac
Current owner
From public records · entity-resolved
Maryland Economic Dev Corp
Entity
Mailing address
PO BOX 8766, BALTIMORE, MD 21240-0766
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Sep 29, 2017
—
Maryland Economic Dev Corp
—
Grant Deed
related
$11,505,000 · Us Bk
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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