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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
1009 Cathedral St Baltimore, MD 21201-5403
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1342266
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
BRICK
Total area
4,074 SF
Lot
0.13 ac (5,750 SF)
Zoning code
C-2
APN
11-02-0505 -044
UPID
US40-1342266
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$391k
Blend (final)
Blend
$510k
Owner & transaction history
1009 Cathedral LLC · 1 yrs held
1009 Cathedral LLC
since 2024
Last sale
$510,000
2 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,248.59 ac
Top alternative use upside
Neighborhood: shopping center
$745,000
+184.3%
Warehouse, storage
$620,000
+136.1%
Medical building
$590,000
+125.5%
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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +184% · Conversion: Moderate
WAREHOUSE, STORAGE
$620,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$590,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$490,000
Change: +87% · Conversion: Easy
OFFICE BUILDING
$395,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $510k (Oct 11 2024)
Last sale anchor
$510k
Oct 11 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
$125 / 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
$11,852
Tax year 2023
Assessed value
$502,200
Assessed 2024
Previous assessed
$502,200
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$143,700
Assessed improvement
$358,500
Land market value
$143,700
Improvement market value
$358,500
Total market value
$502,200
Applied tax rate
11.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
4,074 SF
Lot
0.13 ac (5,750 SF)
Zoning code
C-2
APN
11-02-0505 -044
UPID
US40-1342266
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MDZoning 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
Zoning description
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.ft /du 300 sq.ft /du Residential-Care Facility (Age-Restricted) 200 sq.ft/du 200 sq
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,248.59 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$620,000
MEDICAL BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
Year built
1950
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
1009 Cathedral LLC
Entity
Mailing address
8496 SE PALM HAMMOCK LN HOBE SOUND, SOUND
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
$510,000
1009 Cathedral LLC
Ransom Jerome Amlong & Nancy Sulliv
Deed
$410,000 · Ransom Jerome Amlong & Nancy Sulliv
May 30, 2006
$10
Amlong Ransom J Trust
Amlong,ransom J & Nancy S
Quit Claim 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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