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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Hotels
1000 Fell St INN, Baltimore, MD 21231-3529
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1111057
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Total area
27,921 SF
Lot
0.64 ac (27,921 SF)
Zoning code
C-2*
APN
02-06-1874A-001
UPID
US40-1111057
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
-
Life Beyond Burial of Cremains Social Service Agency
-
Bova George S MD Physician
-
Residences At Henderson's Condominium Complex
-
Andrew T. Der & Associates, LLC Environmental Consulting Environmental Consultant
-
Wanderful Destinations Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.66M
Owner & transaction history
Ihw Baltimore LLC · 7 yrs held
Ihw Baltimore LLC
since 2019
3 recorded transactions
Zoning & alternative use
C-2* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,800,000
6.5%
$2,585,000
7%
$2,400,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,305,000
Current use
WAREHOUSE, STORAGE
$4,245,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$4,055,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±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
$95 / 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
$82,010
Tax year 2023
Assessed value
$3,475,000
Assessed 2023
Previous assessed
$3,475,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,396,000
Assessed improvement
$2,079,000
Land market value
$1,396,000
Improvement market value
$2,079,000
Total market value
$3,475,000
Applied tax rate
2.0000
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
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
38
Total area
27,921 SF
Lot
0.64 ac (27,921 SF)
Zoning code
C-2*
APN
02-06-1874A-001
UPID
US40-1111057
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2* · Baltimore, MD
Zoning C-2* · permitted uses
C-2* · 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
HOTEL/MOTEL Current
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.1M
HOTEL/MOTEL Current
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
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
38
Lot
0.64 ac
Current owner
From public records · entity-resolved
Ihw Baltimore LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1601 BELVEDERE RD STE #107, WEST PALM BEACH, FL 33406-1541
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2019
$5,700,000
Ihw Baltimore LLC
Hendersons Wharf Baltimore LLC
Grant Deed
—
Sep 17, 1999
$12,470,000
Hendersons Wharf Baltimore LLC
Hendersons Wharf Baltimore LP
Grant Deed
related
$13,800,000 · Morgan Guaranty Trust Co Ny
—
—
Hendersons Wharf Baltimore LLC
—
Deed Of Trust
related
$950,000 · Us Small Business Admn
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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