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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Grocery and convenience stores
818 Frederick Rd, Baltimore, MD 21228-4505
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1126842
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2020
Construction
BRICK
Total area
14,848 SF
Lot
0.23 ac (9,958 SF)
Zoning code
BLCCC
APN
01-0113551430
UPID
US40-1126842
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
-
LAMMSERVICES Insurance Agency
-
Bmore Mobile Detail Car Wash
-
US Marine Corps Recruiting Military Recruiting Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.83M
Owner & transaction history
818 Frederick LLC · 8 yrs held
818 Frederick LLC
since 2017
5 recorded transactions
Zoning & alternative use
BLCCC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+31.5%
Warehouse, storage
$2.3M
+9.2%
Medical building
$2.2M
+4.3%
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
RETAIL STORES
$2,070,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,720,000
Change: +31% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,260,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$2,160,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$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
$14,245
Tax year 2023
Assessed value
$2,276,300
Assessed 2023
Previous assessed
$2,276,267
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$348,500
Assessed improvement
$1,927,800
Land market value
$348,500
Improvement market value
$1,927,800
Total market value
$2,276,300
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2020
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
14,848 SF
Lot
0.23 ac (9,958 SF)
Zoning code
BLCCC
APN
01-0113551430
UPID
US40-1126842
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCCC · Baltimore, MD
Zoning BLCCC · permitted uses
BLCCC · 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
RETAIL STORES Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2020
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
818 Frederick LLC
Entity
Mailing address
221 ROLLINGFIELD RD, CATONSVILLE, MD 21228-4827
Ownership since
2017
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 17, 2020
—
818 Frederick LLC
—
Deed
related
$1,712,555 · Maryland Dept Of Housing & Community Dev
Nov 16, 2017
$1,000,000
818 Frederick LLC
Al Hemp LLC
Grant Deed
$80,000 · Al Hemp LLC
Feb 11, 1999
—
Al Hemp LLC
Hemphill,gary P
Quit Claim Deed
related
—
Jan 11, 1999
$150,000
Gary P Hemphill
Myrtle S Muir Estate
Grant Deed
—
—
—
818 Frederick LLC
—
Deed Of Trust
related
$350,000 · Department/hsng & Cmnty Dev/th
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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