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Property profile & analytics
OFF-MARKET
Estimated value
$17,725,000
Hotels
20 Baltimore St Baltimore, MD 21201-2550
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0903586
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1928
Construction
BRICK
Total area
304,330 SF
Lot
0.41 ac (18,077 SF)
Zoning code
C-5DC
APN
04-10-0601 -010
UPID
US40-0903586
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
-
Pine Tree Gift Shop (Bike/Boat/Book/etc) Store
-
Lord Baltimore Hotel Hotel & Motel
-
Rodger Aiken Marketing & Advertising Advertising Agency
-
Roomza Inner Harbor at Lord Baltimore Hotel & Motel
-
LB Skybar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.73M
Owner & transaction history
Lb 1928 Associates LLC · 13 yrs held
Lb 1928 Associates LLC
since 2013
4 recorded transactions
Zoning & alternative use
C-5DC · 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
$58 / 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
$404,268
Tax year 2023
Assessed value
$17,130,000
Assessed 2023
Previous assessed
$14,565,000
+17.6% YoY
Effective rate
2.36%
On assessed value
Land market value
$2,259,600
Improvement market value
$17,435,400
Total market value
$19,695,000
Applied tax rate
4.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1928
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
22
Units
1
Total area
304,330 SF
Lot
0.41 ac (18,077 SF)
Zoning code
C-5DC
APN
04-10-0601 -010
UPID
US40-0903586
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DC · Baltimore, MD
Zoning C-5DC · permitted uses
C-5DC · 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
1928
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
22
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Lb 1928 Associates LLC
Entity
Mailing address
311 LINCOLN RD STE #200, MIAMI BEACH, FL 33139-3150
Ownership since
2013
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
May 31, 2018
—
Lb 1928 Associates LLC
—
Loan Modification
related
$22,436,138 · Bank Of America
Mar 8, 2013
$10,000,000
Lb 1928 Associates LLC
Rocp Hanover LLC
Grant Deed
$42,000,000 · Bank Of America
—
—
Rocp Hanover LLC
—
Deed Of Trust
related
$27,000 · Barclays Capital R E INC
—
—
Rocp Hanover LLC
—
Deed Of Trust
related
$21,500,000 · Merrill Lynch Capital
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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