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Property profile & analytics
FOR LEASE
Office buildings
1001 Fleet St, Baltimore, MD 21202
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-2216381
For Lease
1 / 2
$37 SF/Yr
1001 Fleet St, Baltimore, MD 21202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
BRICK
Total area
202,800 SF
Lot
1.05 ac (45,694 SF)
Zoning code
C-5DC
APN
03-06-1799A-002
UPID
US40-2216381
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
-
Saul Ewing LLP Law Firm
-
Pandora Jewelry (Bike/Boat/Book/etc) Store
-
SEPHORA Cosmetic Store
-
F&G holdings Holding Company
-
Dr. Nancy Ward Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.27M
Comparable Approach
Comparable
$34.23M
Blend (final)
Blend
$33.31M
Owner & transaction history
Harbor East Parcel B-residenti · 18 yrs held
Harbor East Parcel B-residenti
since 2007
4 recorded transactions
Zoning & alternative use
C-5DC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$46.8M
+96.6%
Restaurant
$46.1M
+93.8%
Neighborhood: shopping center
$37.1M
+56.0%
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%
$50,125,000
6.5%
$46,270,000
7%
$42,965,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,805,000
Current use
AUTO REPAIR, GARAGE
$46,790,000
Change: +97% · Conversion: Difficult
RESTAURANT
$46,115,000
Change: +94% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$37,140,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$33,440,000
Change: +40% · Conversion: Easy
WAREHOUSE, STORAGE
$30,850,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$29,470,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$26,215,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$33.31M
Range $29.97M – $36.64M · ±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
$164 / 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
$581,504
Tax year 2023
Assessed value
$24,640,000
Assessed 2023
Previous assessed
$29,037,900
-15.1% YoY
Effective rate
2.36%
On assessed value
Assessed land
$4,569,400
Assessed improvement
$20,070,600
Land market value
$4,569,400
Improvement market value
$20,070,600
Total market value
$24,640,000
Applied tax rate
3.0000
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
For Lease
Year built
2001
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
6
Units
2
Total area
202,800 SF
Lot
1.05 ac (45,694 SF)
Zoning code
C-5DC
APN
03-06-1799A-002
UPID
US40-2216381
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$23.8M
AUTO REPAIR, GARAGE
Est. value
$46.8M
RESTAURANT
Est. value
$46.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.1M
COMMERCIAL (GENERAL)
Est. value
$33.4M
WAREHOUSE, STORAGE
Est. value
$30.9M
MEDICAL BUILDING
Est. value
$29.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
6
Buildings
2
Units
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Harbor East Parcel B-residenti
Individual
Free & Clear · 18 yrs held
Mailing address
650 S EXETER ST STE #200, BALTIMORE, MD 21202-4672
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Oct 2, 2007
$100,000
Harbor East Parcel B-residenti
Harbor East Parcel B-commercia
Grant Deed
related
—
Mar 1, 2000
—
Harbor East Parcel C-commercia
—
Grant Deed
related
$24,000,000 · Branch Banking & Trust Co
—
—
Harbor East Parcel C-commerc
—
Deed Of Trust
related
$24,500 · Suburban Capital Markets INC
—
—
Harbor East Parcel C Coml LLC
—
Deed Of Trust
related
$38,500,000 · Northwestern Mutual Life Ins
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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