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Property profile & analytics
OFF-MARKET
Estimated value
$10,625,000
Distribution centers
8801 Wise Ave, Baltimore, MD 21222-5004
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0015063
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1955
Construction
BRICK
Total area
128,709 SF
Lot
5.8 ac (252,648 SF)
Zoning code
ML-IM
APN
15-2200020085
UPID
US40-0015063
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
-
McCall Handling Company Industrial Equipment Supplier Material Handling Equipment Supplier
-
Eastern Lift Truck Co. - Dundalk (Baltimore) Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Bass Machining Inc Industrial Manufacturer
-
Foxtail Custom Cabinetry General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.04M
Comparable Approach
Comparable
$7.80M
Blend (final)
Blend
$10.63M
Owner & transaction history
Sweetheart Properties LLC · 1 yrs held
Sweetheart Properties LLC
since 2024
Last sale
$14.3M
3 recorded transactions
Zoning & alternative use
ML-IM · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,130,000
6.5%
$13,040,000
7%
$12,110,000
Blend value · Realmo final
$10.63M
Range $9.56M – $11.69M · ±10% · vs last sale $14.25M (Apr 30 2024)
Last sale anchor
$14.25M
Apr 30 2024
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
$83 / 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
$27,880
Tax year 2023
Assessed value
$4,023,900
Assessed 2023
Previous assessed
$4,023,900
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$1,885,000
Assessed improvement
$2,138,900
Land market value
$1,885,000
Improvement market value
$2,138,900
Total market value
$4,023,900
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
1955
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
128,709 SF
Lot
5.8 ac (252,648 SF)
Zoning code
ML-IM
APN
15-2200020085
UPID
US40-0015063
Jurisdiction
BALTIMORE
Zoning & alternative use
ML-IM · Baltimore, MD
Zoning ML-IM · permitted uses
ML-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.
Building & site characteristics
From public records
Year built
1955
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.8 ac
Current owner
From public records · entity-resolved
Sweetheart Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
549 E PO BOX 309TH AVE #307, FINKSBURG, MD 21048-0309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
$14,250,000
Sweetheart Properties LLC
Sandjam LLC
Deed
—
Jan 23, 2015
—
Sandjam LLC
—
Grant Deed
related
$3,012,500 · Branch Bk&tr
Jul 11, 2006
$3,200,000
Sandjam LLC
Cleaners Hanger Company
Deed
—
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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