Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$24,025,000
Apartment buildings
8800 Walther Blvd Baltimore, MD 21234-9001
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-0635602
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1995
Construction
BRICK
Total area
128,268 SF
Lot
76.16 ac (3,317,530 SF)
APN
11-2300005682
UPID
US40-0635602
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
-
Oak Crest Medical Center Medical Clinic
-
Blumenthal Bruce A MD Physician
-
Jeffreys Ronald D DO Physician
-
Kasik Jr Frank T MD Physician
-
Sirkis Fredric MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.71M
Comparable Approach
Comparable
$27.36M
Blend (final)
Blend
$24.03M
Owner & transaction history
Oak Campus Partners LLC · 9 yrs held
Oak Campus Partners LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$31.2M
+88.5%
Auto repair, garage
$29.6M
+78.5%
Restaurant
$29.2M
+75.9%
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%
$27,850,000
6.5%
$25,710,000
7%
$23,875,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,580,000
Current use
OFFICE BUILDING
$31,245,000
Change: +88% · Conversion: Moderate
AUTO REPAIR, GARAGE
$29,595,000
Change: +79% · Conversion: Difficult
RESTAURANT
$29,170,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$23,490,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$21,600,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,150,000
Change: +28% · Conversion: Moderate
WAREHOUSE, STORAGE
$19,510,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$24.03M
Range $21.62M – $26.43M · ±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
$187 / 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
$2,380,890
Tax year 2023
Assessed value
$158,489,900
Assessed 2023
Previous assessed
$158,489,900
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$19,040,000
Assessed improvement
$139,449,900
Land market value
$19,040,000
Improvement market value
$139,449,900
Total market value
$158,489,900
Applied tax rate
11.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
16
Stories
2
Units
19
Total area
128,268 SF
Lot
76.16 ac (3,317,530 SF)
APN
11-2300005682
UPID
US40-0635602
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$16.6M
OFFICE BUILDING
Est. value
$31.2M
AUTO REPAIR, GARAGE
Est. value
$29.6M
RESTAURANT
Est. value
$29.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.5M
RETAIL STORES
Est. value
$21.6M
COMMERCIAL (GENERAL)
Est. value
$21.2M
WAREHOUSE, STORAGE
Est. value
$19.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1995
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
16
Units
19
Lot
76.16 ac
Current owner
From public records · entity-resolved
Oak Campus Partners LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2016
—
Oak Campus Partners LLC
—
Loan Modification
related
$67,030,000 · Miscellaneous Govt Agcy
—
—
Oak Campus Partners LLC
—
Loan Modification
related
$30,000,000 · Wells Fargo Bk
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 8800 Walther 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.
