Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
815 Eastern Blvd Baltimore, MD 21221-3535
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US40-0243053
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
FRAME
Total area
2,724 SF
Lot
1.2 ac (52,270 SF)
Zoning code
BLCSA
APN
15-1502002390
UPID
US40-0243053
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
-
Dr. Melanie P. Magpantay-Garcia, MD Pediatrician Medical Clinic
-
Starlight Pediatrics LLC Medical Clinic
-
Sanchez Pediatrics LLC: Sanchez Corazon P MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$730k
Owner & transaction history
815 Eastern Blvd LLC · 23 yrs held
815 Eastern Blvd LLC
since 2002
5 recorded transactions
Zoning & alternative use
BLCSA · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$630,000
+12.4%
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%
$675,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$560,000
Current use
AUTO REPAIR, GARAGE
$630,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$510,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$268 / 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
$3,621
Tax year 2023
Assessed value
$501,100
Assessed 2023
Previous assessed
$499,333
+0.4% YoY
Effective rate
0.72%
On assessed value
Assessed land
$284,200
Assessed improvement
$216,900
Land market value
$284,200
Improvement market value
$216,900
Total market value
$501,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
2,724 SF
Lot
1.2 ac (52,270 SF)
Zoning code
BLCSA
APN
15-1502002390
UPID
US40-0243053
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCSA · Baltimore, MD
Zoning BLCSA · permitted uses
BLCSA · 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
OFFICE BUILDING Current
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
815 Eastern Blvd LLC
Entity
Mailing address
14416 MAPLE RDG CT, BALDWIN, MD 21013-9501
Ownership since
2002
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
Nov 27, 2018
—
815 Eastern Blvd LLC
—
Deed
related
$450,000 · Harford Bank
Feb 13, 2017
—
815 Eastern Blvd LLC
—
Deed
related
$200,000 · Harford Bank
Dec 13, 2002
$340,000
815 Eastern Blvd LLC
Shin,sang Kyun
Grant Deed
$272,000 · County Banking & Trust Co
—
—
815 Eastern Blvd LLC
—
Deed Of Trust
related
$175,000 · County Banking & Trust Co
—
—
815 Eastern Blvd LLC
—
Deed Of Trust
related
$520,000 · Nbrs Financial
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 815 Eastern Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
