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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Distribution centers
917 Middle Riv Rd, Baltimore, MD 21220-2452
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-1482822
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
BRICK
Total area
38,025 SF
Lot
1.99 ac (86,684 SF)
Zoning code
ML-IM
APN
15-2300001848
UPID
US40-1482822
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
-
Vac Pac, Inc Industrial Manufacturer Factory
-
fidelitone logistics Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.32M
Owner & transaction history
917 Middle River Road LLC · 11 yrs held
917 Middle River Road LLC
since 2014
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$61 / 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
$15,033
Tax year 2023
Assessed value
$2,328,300
Assessed 2023
Previous assessed
$2,297,233
+1.4% YoY
Effective rate
0.65%
On assessed value
Assessed land
$646,700
Assessed improvement
$1,681,600
Land market value
$646,700
Improvement market value
$1,681,600
Total market value
$2,328,300
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
2001
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
38,025 SF
Lot
1.99 ac (86,684 SF)
Zoning code
ML-IM
APN
15-2300001848
UPID
US40-1482822
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
2001
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
917 Middle River Road LLC
Entity
Free & Clear · 11 yrs held
Mailing address
150 W OSTEND ST BLDG #1, BALTIMORE, MD 21230-3731
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
—
917 Middle River Road LLC
—
Deed
related
$1,500,000 · Atlantic Union Bank
Dec 11, 2017
—
917 Middle River Rd LLC
—
Deed
related
$1,000,000 · M & T Bank
Nov 24, 2014
$3,210,000
917 Middle River Road LLC
Middleriver LLC
Grant Deed
—
Apr 5, 2012
$2,800,000
Middleriver LLC
Lauman Properties LLC
Deed Of Trust
$2,380,000 · Pnc Bank
Jun 27, 2008
—
Lauman Properties LLC
—
Deed Of Trust
related
$3,100,000 · Columbia Bank
Nov 8, 2001
—
Baltimore County (md)
Lauman Properties LLC
Grant Deed
related
—
—
—
917 Middle River Road LLC
—
Deed Of Trust
related
$250,000 · Miscellaneous Govt Agcy
—
—
917 Middle River Road LLC
—
Deed Of Trust
related
$150,000 · Miscellaneous Govt Agcy
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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