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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Theaters & concert halls
7938 Eastern Ave, Baltimore, MD 21224-2159
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US40-1359008
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1996
Construction
BRICK
Total area
7,475 SF
Lot
19.46 ac (847,678 SF)
Zoning code
BMCS1
APN
15-1507151110
UPID
US40-1359008
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
-
Hip Hop Fish & Chicken Restaurant
-
Christ Apostolic Church House Of Mercy Church Mosque
-
Redners Grocery & Convenience Store Food Market
-
Db Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Leecam Of East Point INC
Leecam Of East Point INC
1 recorded transaction
Zoning & alternative use
BMCS1 · 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
by Request
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,005,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: 0% · Conversion: Difficult
RESTAURANT
$950,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$735,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$680,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$107 / 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
$127,502
Tax year 2023
Assessed value
$8,975,900
Assessed 2023
Previous assessed
$8,975,900
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$5,692,000
Assessed improvement
$3,283,900
Land market value
$5,692,000
Improvement market value
$3,283,900
Total market value
$8,975,900
Applied tax rate
15.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
7,475 SF
Lot
19.46 ac (847,678 SF)
Zoning code
BMCS1
APN
15-1507151110
UPID
US40-1359008
Jurisdiction
BALTIMORE
Zoning & alternative use
BMCS1 · Baltimore, MD
Zoning BMCS1 · permitted uses
BMCS1 · 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
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
RESTAURANT
Est. value
$950,000
RETAIL STORES
Est. value
$735,000
INDUSTRIAL (GENERAL)
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
BRICK
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
19.46 ac
Current owner
From public records · entity-resolved
Leecam Of East Point INC
Entity
Mailing address
9986 MANCHESTER RD, SAINT LOUIS, MO 63122-1928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Leecam Of East Point INC
—
Deed Of Trust
related
$270,000 · General Electric Capital Busin
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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