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Property profile & analytics
OFF-MARKET
Estimated value
$10,295,000
Manufacturing properties
725 Pittman Rd Baltimore, MD 21226-1721
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1970444
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
BRICK
Total area
177,825 SF
Lot
14.88 ac (648,173 SF)
Zoning code
W3
APN
03-000-01011005
UPID
US40-1970444
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
-
WestRock Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.76M
Blend (final)
Blend
$10.30M
Owner & transaction history
Pittman Road LP · 1 yrs held
Pittman Road LP
since 2024
Last sale
$10.3M
5 recorded transactions
Zoning & alternative use
W3 · 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
$10,295,000
ML approach
$10,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.30M
Range $9.27M – $11.32M · ±10% · vs last sale $10.30M (Aug 29 2024)
Last sale anchor
$10.30M
Aug 29 2024
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
$58 / 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
$87,834
Tax year 2023
Assessed value
$8,108,533
Assessed 2024
Previous assessed
$8,043,367
+0.8% YoY
Effective rate
1.08%
On assessed value
Land market value
$2,483,800
Improvement market value
$5,689,900
Total market value
$8,173,700
Applied tax rate
3.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
177,825 SF
Lot
14.88 ac (648,173 SF)
Zoning code
W3
APN
03-000-01011005
UPID
US40-1970444
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W3 · Baltimore, MD
Zoning W3 · permitted uses
W3 · 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
1965
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
14.88 ac
Current owner
From public records · entity-resolved
Pittman Road LP
Entity
Mailing address
313 E GARRISON FRST RD, OWINGS MILLS, MD 21117-4006
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
—
Pittman Road Limited Partnership
—
Deed
related
$10,275,965 · Burke And Herbert Bank And Trust Co
Aug 29, 2024
$10,295,000
Pittman Road LP
Westrock Cp LLC
Deed
$6,600,000 · Orrstown Bank
Jun 27, 2000
—
St Laurent Packaging Corp
St Laurent Packaging Corp
Quit Claim Deed
related
—
Mar 5, 1998
—
St Laurent Packaging Corp
—
Deed Of Trust
related
$355,000,000 · Toronto Dominion Texas INC Tte
—
—
Smurfit-stone Container Ents INC
—
Deed Of Trust
related
$4,594,748 · Deutsche Bank Trust Co 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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