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Property profile & analytics
OFF-MARKET
Estimated value
$17,830,000
Office buildings
1000 Hull St, Baltimore, MD 21230-5300
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0646939
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
BRICK
Total area
94,490 SF
Lot
9.74 ac (424,274 SF)
Zoning code
C-2*
APN
24-12-1976 -001
UPID
US40-0646939
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.56M
Comparable Approach
Comparable
$16.20M
Blend (final)
Blend
$17.83M
Owner & transaction history
Ua Locust Point Holdings LLC · 15 yrs held
Ua Locust Point Holdings LLC
since 2011
1 recorded transaction
Zoning & alternative use
C-2* · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.8M
+12.4%
Restaurant
$21.5M
+10.7%
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%
$23,355,000
6.5%
$21,560,000
7%
$20,020,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,405,000
Current use
AUTO REPAIR, GARAGE
$21,800,000
Change: +12% · Conversion: Difficult
RESTAURANT
$21,485,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,305,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,695,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$17.83M
Range $16.05M – $19.61M · ±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
$189 / 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
$908,600
Tax year 2023
Assessed value
$38,500,000
Assessed 2023
Previous assessed
$40,851,200
-5.8% YoY
Effective rate
2.36%
On assessed value
Assessed land
$9,746,000
Assessed improvement
$28,754,000
Land market value
$9,746,000
Improvement market value
$28,754,000
Total market value
$38,500,000
Applied tax rate
24.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1929
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
8
Stories
3
Units
9
Total area
94,490 SF
Lot
9.74 ac (424,274 SF)
Zoning code
C-2*
APN
24-12-1976 -001
UPID
US40-0646939
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
OFFICE BUILDING Current
Est. value
$19.4M
AUTO REPAIR, GARAGE
Est. value
$21.8M
RESTAURANT
Est. value
$21.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.3M
COMMERCIAL (GENERAL)
Est. value
$16.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1929
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Buildings
8
Units
9
Lot
9.74 ac
Current owner
From public records · entity-resolved
Ua Locust Point Holdings LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1040 HULL ST STE #1, BALTIMORE, MD 21230-5343
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2011
$58,000,000
Ua Locust Point Holdings LLC
Hull Point LLC
Grant Deed
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.
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