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Property profile & analytics
OFF-MARKET
Estimated value
$23,245,000
Apartment buildings
9050 Iron Horse Ln, Baltimore, MD 21208-2154
Entity Owned
7-yr Hold
Property ID
US40-0904571
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2000
Construction
BRICK
Total area
229,024 SF
Lot
5.13 ac (223,463 SF)
APN
03-2300003208
UPID
US40-0904571
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
-
Joel M Cherry Md Physician Medical Clinic
-
Blink Charging Station Electric Vehicle Charging Station
-
Vivant Woodholme Apartment Complex Apartment Building
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Tech Byte Guru Information Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.16M
Blend (final)
Blend
$23.25M
Owner & transaction history
Gm Woodholme Apartments LLC · 7 yrs held
Gm Woodholme Apartments LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$37.8M
+27.6%
Warehouse, storage
$34.8M
+17.7%
Medical building
$33.3M
+12.4%
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
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
APARTMENT HOUSE (5+ UNITS)
$29,605,000
Current use
COMMERCIAL (GENERAL)
$37,760,000
Change: +28% · Conversion: Moderate
WAREHOUSE, STORAGE
$34,840,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$33,280,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$23.25M
Range $20.92M – $25.57M · ±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
$101 / 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
$357,372
Tax year 2023
Assessed value
$22,177,900
Assessed 2023
Previous assessed
$22,177,900
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$3,847,500
Assessed improvement
$18,330,400
Land market value
$3,847,500
Improvement market value
$18,330,400
Total market value
$22,177,900
Applied tax rate
3.0000
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 (100+ UNITS)
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Units
147
Total area
229,024 SF
Lot
5.13 ac (223,463 SF)
APN
03-2300003208
UPID
US40-0904571
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
$29.6M
COMMERCIAL (GENERAL)
Est. value
$37.8M
WAREHOUSE, STORAGE
Est. value
$34.8M
MEDICAL BUILDING
Est. value
$33.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
2
Units
147
Lot
5.13 ac
Current owner
From public records · entity-resolved
Gm Woodholme Apartments LLC
Entity
Mailing address
10319 WESTLAKE DR, BETHESDA, MD 20817-6403
Ownership since
2019
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 16, 2019
$30,500,000
Gm Woodholme Apartments LLC
Overlook At Woodholme Apts LLC
Grant Deed
$24,230,000 · Cbre Cap Markets
Apr 2, 2015
$33,450,000
Overlook Of Woodholme Apartments
Excalibur Co LLC
Grant Deed
—
Oct 1, 2014
—
Excalibur Co LLC
—
Grant Deed
related
$3,415,000 · Walker & Dunlop
May 1, 2003
$21,200,000
Ivy Acquisitions LLC
Brh Excalibur LLC
Grant Deed
$21,200,000 · Tc Operating LP
—
—
Excalibur Co LLC
—
Deed Of Trust
related
$35,900,000 · Fremont Investment & Loan
—
—
Ivy Acquisitions LLC
—
Deed Of Trust
related
—
—
—
Ivy Acquisitions LLC
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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