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Property profile & analytics
OFF-MARKET
Estimated value
$190,000,000
Retail properties & Spaces
Honeygo Blvd Baltimore, MD 21236
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0519174
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Construction
BRICK
Total area
199,202 SF
Lot
15.67 ac (682,585 SF)
Zoning code
BM
APN
14-1800014756
UPID
US40-0519174
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$190.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190.00M
Owner & transaction history
Sreg White Marsh Anchor LLC · 1 yrs held
Sreg White Marsh Anchor LLC
since 2024
Last sale
$190.0M
5 recorded transactions
Zoning & alternative use
BM · 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
$190,000,000
ML approach
$190,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$190.00M
Range $171.00M – $209.00M · ±10% · vs last sale $190.00M (Oct 28 2024)
Last sale anchor
$190.00M
Oct 28 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
$954 / 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
$51,594
Tax year 2023
Assessed value
$6,868,733
Assessed 2023
Previous assessed
$6,802,667
+1.0% YoY
Effective rate
0.75%
On assessed value
Land market value
$4,283,500
Improvement market value
$2,651,300
Total market value
$6,934,800
Applied tax rate
14.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
199,202 SF
Lot
15.67 ac (682,585 SF)
Zoning code
BM
APN
14-1800014756
UPID
US40-0519174
Jurisdiction
BALTIMORE
Zoning & alternative use
BM · Baltimore, MDZoning BM · permitted uses
BM · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
15.67 ac
Current owner
From public records · entity-resolved
Sreg White Marsh Anchor LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 3487, CHICAGO, IL 60654-0482
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
$190,000,000
Sreg White Marsh Anchor LLC
White Marsh Mall Holding LLC
Special Warranty Deed
—
Oct 21, 2011
$5,750,000
Marsh Anchor Acquisition White
213-28 White Marsh Holdings Ll
Quit Claim Deed
related
—
Jun 23, 2011
$7,500,000
213-28 White Marsh Holdings Ll
Bushnaq Darek S
Trustees Deed
—
Jul 27, 2006
$12,558,078
White Marsh Dept Invtrs LLC
Federated Retail Holdings INC
Grant Deed
—
—
—
Marsh Anchor Acquisition White
—
Deed Of Trust
related
$190,000,000 · Wells Fargo Bank
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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