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Property profile & analytics
OFF-MARKET
Estimated value
$10,715,000
Apartment buildings
101 Mt Royal Ave, Baltimore, MD 21202-2757
Entity Owned
14-yr Hold
Property ID
US40-0815035
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1899
Construction
BRICK
Total area
64,496 SF
Lot
1.02 ac (44,431 SF)
Zoning code
OR-2
APN
11-01-0467 -009
UPID
US40-0815035
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
-
The Associated: Jewish Federation of Baltimore Charitable Organization Social Service Agency
-
Hoffberger Family Philanthropies Charitable Organization Social Service Agency
-
Herbert Bearman Foundation, Inc. Charitable Organization
-
Chana Helpline Domestic Abuse Treatment Center
-
Jill Fox Memorial Fund Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.76M
Blend (final)
Blend
$10.72M
Owner & transaction history
Gmp Henderson House LP · 14 yrs held
Gmp Henderson House LP
since 2011
5 recorded transactions
Zoning & alternative use
OR-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.9M
+78.5%
Restaurant
$14.7M
+75.9%
Neighborhood: shopping center
$11.8M
+41.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,335,000
Current use
AUTO REPAIR, GARAGE
$14,880,000
Change: +79% · Conversion: Difficult
RESTAURANT
$14,665,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,810,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,635,000
Change: +28% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,810,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$9,370,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$7,570,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$10.72M
Range $9.64M – $11.79M · ±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
$166 / 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
$269,540
Tax year 2023
Assessed value
$11,421,200
Assessed 2023
Previous assessed
$11,421,200
+0.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$1,110,700
Improvement market value
$11,952,900
Total market value
$13,063,600
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1899
Construction
BRICK
Heating
HEAT PUMP
Stories
8
Units
120
Total area
64,496 SF
Lot
1.02 ac (44,431 SF)
Zoning code
OR-2
APN
11-01-0467 -009
UPID
US40-0815035
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
OR-2 · Baltimore, MD
Zoning OR-2 · permitted uses
OR-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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$14.9M
RESTAURANT
Est. value
$14.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$10.6M
WAREHOUSE, STORAGE
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$9.4M
OFFICE BUILDING
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1899
Construction
BRICK
Heating
HEAT PUMP
Stories
8
Units
120
Lot
1.02 ac
Current owner
From public records · entity-resolved
Gmp Henderson House LP
Entity
Mailing address
6917 ARLINGTON RDSTE-224, BETHESDA, MD 20814-5211
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2011
$14,250,000
Gmp Henderson House LP
Mount Royal Business Trust
Grant Deed
$11,326,000 · Beech Street Capital LLC
Nov 13, 2003
—
Mount Royal Business Trust
Johns Hopkins University
Grant Deed
related
—
—
—
Gmp Henderson House LP
—
Deed Of Trust
related
$2,000,000 · Capital One Multifamily Fin
—
—
Co,mount Royal Business Trust
—
Deed Of Trust
related
$4,830,000 · Cwcapital LLC
—
—
Mount Royal Business Trust
—
Deed Of Trust
related
$4,830,000 · Cwcapital LLC
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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