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Property profile & analytics
OFF-MARKET
Estimated value
$3,740,000
Warehouses
8840 Citation Rd Baltimore, MD 21221-3101
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1516255
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
BRICK
Total area
33,592 SF
Lot
4.7 ac (204,732 SF)
Zoning code
ML-IM
APN
15-1900010551
UPID
US40-1516255
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
-
Carter Machinery Parts Distribution - Baltimore Industrial Manufacturer Metal Fabrication Plant
-
Carter Machinery - Baltimore Parts Distribution Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.07M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$3.74M
Owner & transaction history
Mount Sinai Prop Citation Parts LLC · 3 yrs held
Mount Sinai Prop Citation Parts LLC
since 2022
Last sale
$3.8M
2 recorded transactions
Zoning & alternative use
ML-IM · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.2M
+20.4%
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
$3,735,000
ML approach
$4,070,000
CAP Approach
CAP Return
Estimation
6%
$3,685,000
6.5%
$3,405,000
7%
$3,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,150,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$4,880,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.74M
Range $3.37M – $4.11M · ±10% · vs last sale $3.81M (Jul 26 2022)
Last sale anchor
$3.81M
Jul 26 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
$111 / 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
$27,615
Tax year 2023
Assessed value
$4,438,800
Assessed 2023
Previous assessed
$4,384,233
+1.2% YoY
Effective rate
0.62%
On assessed value
Assessed land
$1,527,500
Assessed improvement
$2,911,300
Land market value
$1,527,500
Improvement market value
$2,911,300
Total market value
$4,438,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
33,592 SF
Lot
4.7 ac (204,732 SF)
Zoning code
ML-IM
APN
15-1900010551
UPID
US40-1516255
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$4.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
2
Units
2
Lot
4.7 ac
Current owner
From public records · entity-resolved
Mount Sinai Prop Citation Parts LLC
Entity
Mailing address
1330 LYNCHBURG TPKE, SALEM, VA 24153-5416
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
$3,810,473
Mount Sinai Prop Citation Parts LLC
Jca Property Holdings LLC
Special Warranty Deed
$8,715,000 · Wells Fargo Bank NA
Dec 4, 2020
—
Jca Property Holdings LLC
James C Alban III
Grant 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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