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Property profile & analytics
OFF-MARKET
Estimated value
$15,215,000
Grocery and convenience stores
8858 Waltham Woods Rd Baltimore, MD 21234-2402
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1503796
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Construction
BRICK
Total area
61,138 SF
Lot
31.72 ac (1,381,723 SF)
Zoning code
BL
APN
09-1800003190
UPID
US40-1503796
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
-
Starbucks Cafe & Coffee Shop
-
Marcella A. Baloga, PharmD Pharmacy
-
David E. Lanier III, PharmD Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Safeway Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.60M
Blend (final)
Blend
$15.22M
Owner & transaction history
North Plaza Shopping Center Lc · 1 yrs held
North Plaza Shopping Center Lc
since 2025
4 recorded transactions
Zoning & alternative use
BL · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.9M
+44.7%
Auto repair, garage
$14.1M
+37.0%
Restaurant
$13.9M
+35.0%
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
$10,295,000
Current use
OFFICE BUILDING
$14,895,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,105,000
Change: +37% · Conversion: Difficult
RESTAURANT
$13,905,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,195,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,080,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$9,300,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$15.22M
Range $13.69M – $16.74M · ±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
$249 / 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
$468,858
Tax year 2023
Assessed value
$29,925,000
Assessed 2023
Previous assessed
$25,850,400
+15.8% YoY
Effective rate
1.57%
On assessed value
Land market value
$13,180,000
Improvement market value
$24,894,200
Total market value
$38,074,200
Applied tax rate
9.0000
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
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
61,138 SF
Lot
31.72 ac (1,381,723 SF)
Zoning code
BL
APN
09-1800003190
UPID
US40-1503796
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Baltimore, MD
Zoning BL · permitted uses
BL · 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
$10.3M
OFFICE BUILDING
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$14.1M
RESTAURANT
Est. value
$13.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$10.1M
WAREHOUSE, STORAGE
Est. value
$9.3M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
31.72 ac
Current owner
From public records · entity-resolved
North Plaza Shopping Center Lc
Individual
Mailing address
1427 CLARKVIEW RD, BALTIMORE, MD 21209-2100
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
—
North Plaza Shopping Center Lc
North Plaza I LLC
Deed
$34,000,000 · Guggenhem Real Estate LLC
Feb 15, 2024
—
North Plaza I LLC
—
Deed
related
$32,000,000 · M & T Bank
Dec 21, 2004
—
North Plaza I LLC
Stulman,leonard
Grant Deed
related
—
—
—
North Plaza I LLC
—
Deed Of Trust
related
$30,800,000 · Lehman Brothers Bank Fsb
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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