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Property profile & analytics
OFF-MARKET
Estimated value
$4,355,000
Distribution centers
8019 Belair Rd, Baltimore, MD 21236-3711
Individually Owned
~
Est. High Equity
Property ID
US40-1228045
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Construction
BRICK
Total area
33,000 SF
Lot
1.96 ac (85,378 SF)
Zoning code
BR
APN
14-2300007612
UPID
US40-1228045
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
-
Skateland Putty Hill Sports Field & Court
-
Lennox National Account Services Medical Clinic
-
Willowtree Embroidery Factory Production Facility
-
ServiceMaster Professional Building Maintenance Commercial Cleaning Service
-
US Transportation Consultants Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$4.36M
Owner & transaction history
Belair Imports Lcl
Belair Imports Lcl
since 2026
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
BR · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+35.0%
Neighborhood: shopping center
$6.0M
+20.4%
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
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
$5,020,000
Current use
OFFICE BUILDING
$6,775,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,045,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$4,795,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$4,595,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±10% · vs last sale $6.00M (Jan 14 2026)
Last sale anchor
$6.00M
Jan 14 2026
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
$132 / 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
$17,703
Tax year 2023
Assessed value
$2,532,400
Assessed 2023
Previous assessed
$2,516,200
+0.6% YoY
Effective rate
0.70%
On assessed value
Land market value
$694,800
Improvement market value
$1,853,800
Total market value
$2,548,600
Applied tax rate
14.0000
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
Construction
BRICK
Heating
SPACE
Stories
2
Units
3000
Total area
33,000 SF
Lot
1.96 ac (85,378 SF)
Zoning code
BR
APN
14-2300007612
UPID
US40-1228045
Jurisdiction
BALTIMORE
Zoning & alternative use
BR · Baltimore, MD
Zoning BR · permitted uses
BR · 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
$5.0M
OFFICE BUILDING
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
BRICK
Heating
SPACE
Stories
2
Units
3000
Lot
1.96 ac
Current owner
From public records · entity-resolved
Belair Imports Lcl
Individual
Mailing address
8001 BELAIR RD, BALTIMORE, MD 21236-3709
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
$6,000,000
Belair Imports Lcl
Jas Real Estate LLC
Special Warranty Deed
—
Dec 29, 2015
$2,895,700
Jas Real Estate LLC
Osrom LLC
Grant Deed
$2,430,000 · Toyota Motor Credit
Oct 15, 2012
—
Osrom LLC
—
Deed Of Trust
related
$1,575,000 · Bank Of 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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