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Property profile & analytics
OFF-MARKET
Estimated value
$10,080,000
Distribution centers
7223 Ambassador Rd, Baltimore, MD 21244-2710
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1178919
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1970
Construction
BRICK
Total area
84,892 SF
Lot
5.82 ac (253,519 SF)
Zoning code
ML
APN
02-1700003290
UPID
US40-1178919
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
-
Lanterna Distributors Brewery & Distillery Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.70M
CAP Approach
CAP
$8.60M
Comparable Approach
Comparable
$10.83M
Blend (final)
Blend
$10.08M
Owner & transaction history
Hs Baltimore Portfolio Investors II · 4 yrs held
Hs Baltimore Portfolio Investors II
since 2022
Last sale
$10.3M
4 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.5M
+20.4%
Commercial (general)
$14.0M
+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
$10,065,000
ML approach
$9,700,000
CAP Approach
CAP Return
Estimation
6%
$9,320,000
6.5%
$8,600,000
7%
$7,985,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,915,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,545,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,995,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$12,335,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$11,825,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$10.08M
Range $9.07M – $11.09M · ±10% · vs last sale $10.28M (May 17 2022)
Last sale anchor
$10.28M
May 17 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
$119 / 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
$29,865
Tax year 2023
Assessed value
$4,624,600
Assessed 2023
Previous assessed
$4,624,600
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,616,000
Assessed improvement
$3,008,600
Land market value
$1,616,000
Improvement market value
$3,008,600
Total market value
$4,624,600
Applied tax rate
2.0000
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
Off-Market
Year built
1970
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
84,892 SF
Lot
5.82 ac (253,519 SF)
Zoning code
ML
APN
02-1700003290
UPID
US40-1178919
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Baltimore, MD
Zoning ML · permitted uses
ML · 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
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.5M
COMMERCIAL (GENERAL)
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$12.3M
RETAIL STORES
Est. value
$11.8M
WAREHOUSE, STORAGE Current
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
1970
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
5.82 ac
Current owner
From public records · entity-resolved
Hs Baltimore Portfolio Investors II
Individual
Mailing address
600 UNICORN PARK DR STE #208, WOBURN, MA 01801-3343
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$10,275,000
Hs Baltimore Portfolio Investors II
Breit Industrrial Canyon Md1w06 LLC
Special Warranty Deed
$32,065,000 · Great West Life & Annuity Insurance
Mar 29, 2018
—
Breit Industrial Canyon Md1w06 LLC
—
Deed
related
$110,000,000 · Prudential Insurance Of America
Jul 28, 2014
$5,350,000
Cabot IV-md1w06 LLC
Fr Ambassador Road IV LLC
Grant Deed
—
Jan 4, 2006
—
Fr Ambassador Road IV LLC
Rouse Commercial Properties LLC
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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