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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Warehouses
7400 Holabird Ave, Baltimore, MD 21222-1826
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0969394
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
BRICK
Total area
9,510 SF
Lot
0.73 ac (31,938 SF)
Zoning code
BL
APN
12-1223052571
UPID
US40-0969394
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
-
Caring Hands Adult Day Care of Dundalk Adult Day Care
-
Kargman Center Medical Clinic
-
Eagle Physical Therapy and Rehabilitation Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.38M
Owner & transaction history
7400 Holabird Avenue LLC · 5 yrs held
7400 Holabird Avenue LLC
since 2021
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
BL · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+51.7%
Restaurant
$2.2M
+49.5%
Office building
$2.0M
+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
$1,640,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,445,000
Current use
AUTO REPAIR, GARAGE
$2,195,000
Change: +52% · Conversion: Easy
RESTAURANT
$2,165,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,740,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,570,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$1,380,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.30M (Jan 8 2021)
Last sale anchor
$1.30M
Jan 8 2021
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
$145 / 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
$7,426
Tax year 2023
Assessed value
$3,924,500
Assessed 2024
Previous assessed
$3,924,500
+0.0% YoY
Effective rate
0.19%
On assessed value
Assessed land
$219,900
Assessed improvement
$3,704,600
Land market value
$219,900
Improvement market value
$3,704,600
Total market value
$3,924,500
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
9,510 SF
Lot
0.73 ac (31,938 SF)
Zoning code
BL
APN
12-1223052571
UPID
US40-0969394
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Baltimore, MD
Zoning BL · permitted uses
BL · 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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
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
1987
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
2
Units
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
7400 Holabird Avenue LLC
Entity
Mailing address
612 NE VENEZIA LN, BOCA RATON, FL 33487-5213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jan 11, 2024
—
7400 Holabird Avenue LLC
—
Deed
related
$1,743,000 · Chesapeake Business Finance Corp
Dec 2, 2022
—
7400 Holabird Avenue LLC
—
Deed
related
$742,500 · Peoples Bank
Jan 8, 2021
$1,300,000
7400 Holabird Avenue LLC
David W Gavigan
Deed
$300,000 · Peoples Bank
Oct 19, 2007
—
Robert V Gavigan SR.
—
Deed Of Trust
related
$1,350,000 · Bank Of Glen Burnie
—
—
Robert V Gavigan
—
Deed Of Trust
related
$680,000 · Bank Of Glen Burnie
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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