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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Distribution centers
8130 Norris Ln, Baltimore, MD 21222-1618
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0720513
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1974
Construction
BRICK
Total area
16,800 SF
Lot
4.96 ac (216,014 SF)
Zoning code
MH-IM
APN
15-1700003550
UPID
US40-0720513
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
-
Airgas Store Industrial Gas Supplier Gas Cylinders Supplier
-
Airgas Industrial Gas Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.07M
Owner & transaction history
Mcb Norris Lane LLC · 3 yrs held
Mcb Norris Lane LLC
since 2022
Last sale
$2.1M
1 recorded transaction
Zoning & alternative use
MH-IM · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+20.4%
Commercial (general)
$2.8M
+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
$2,035,000
ML approach
$2,075,000
CAP Approach
CAP Return
Estimation
6%
$1,845,000
6.5%
$1,700,000
7%
$1,580,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,075,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,770,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,440,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.07M (Dec 9 2022)
Last sale anchor
$2.07M
Dec 9 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
$123 / 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
$12,504
Tax year 2023
Assessed value
$1,883,800
Assessed 2023
Previous assessed
$1,780,667
+5.8% YoY
Effective rate
0.66%
On assessed value
Assessed land
$991,800
Assessed improvement
$892,000
Land market value
$991,800
Improvement market value
$892,000
Total market value
$1,883,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
16,800 SF
Lot
4.96 ac (216,014 SF)
Zoning code
MH-IM
APN
15-1700003550
UPID
US40-0720513
Jurisdiction
BALTIMORE
Zoning & alternative use
MH-IM · Baltimore, MD
Zoning MH-IM · permitted uses
MH-IM · 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
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
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
1974
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
Mcb Norris Lane LLC
Entity
Mailing address
2002 CLIPPER PARK RD STE #105, BALTIMORE, MD 21211-1494
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$2,074,990
Mcb Norris Lane LLC
Bobs Transport And Storage Company
Special Warranty Deed
$1,348,750 · Five Star Bank
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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