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Property profile & analytics
OFF-MARKET
Estimated value
$14,440,000
Warehouses
8228 Belair Rd, Baltimore, MD 21236-3403
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1319272
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
140,640 SF
Lot
5.42 ac (236,095 SF)
Zoning code
BR
APN
14-1418000625
UPID
US40-1319272
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.60M
Comparable Approach
Comparable
$9.80M
Blend (final)
Blend
$14.44M
Owner & transaction history
Ps Atlantic Coast LLC · 4 yrs held
Ps Atlantic Coast LLC
since 2022
Last sale
$14.7M
7 recorded transactions
Zoning & alternative use
BR · 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
$14,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,140,000
6.5%
$18,595,000
7%
$17,265,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,395,000
Current use
MEDICAL BUILDING
$20,435,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$19,590,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$14.44M
Range $13.00M – $15.88M · ±10% · vs last sale $14.70M (May 5 2022)
Last sale anchor
$14.70M
May 5 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
$103 / 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
$46,607
Tax year 2023
Assessed value
$7,630,533
Assessed 2023
Previous assessed
$7,585,167
+0.6% YoY
Effective rate
0.61%
On assessed value
Land market value
$1,730,000
Improvement market value
$5,945,900
Total market value
$7,675,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
STEAM
Cooling
AC.PACKAGE
Stories
4
Units
1
Bathrooms
2
Total area
140,640 SF
Lot
5.42 ac (236,095 SF)
Zoning code
BR
APN
14-1418000625
UPID
US40-1319272
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
$21.4M
MEDICAL BUILDING
Est. value
$20.4M
RETAIL STORES
Est. value
$19.6M
WAREHOUSE, STORAGE Current
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
2022
Heating
STEAM
Cooling
Yes
Stories
4
Units
1
Bathrooms
2
Lot
5.42 ac
Current owner
From public records · entity-resolved
Ps Atlantic Coast LLC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
$14,700,000
Ps Atlantic Coast LLC
Bss White Marsh LLC
Special Warranty Deed
—
Jul 13, 2021
—
Bss White Marsh LLC
—
Deed
related
$8,778,743 · Crossfirst Bank
Feb 28, 2020
$1,875,000
Bss White Marsh LLC
Mark J Mcquade
Grant Deed
—
Jul 20, 2018
—
Mark J Mcquade
—
Deed
related
$154,705 · Quicken Lns
—
—
Mark J Mcquade
—
Deed Of Trust
related
$106,000 · Nationsbank
—
—
Mark J Mcquade
—
Deed Of Trust
related
$55,000 · Bank Of America
—
—
Mark J Mcquade
—
Deed Of Trust
related
$154,705 · Quicken Lns
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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