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Property profile & analytics
FOR SALE
Investment properties
1106 N Charles St Baltimore, MD 21201
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1144643
For Sale
1 / 3
$1,600,000
1106 N Charles St, Baltimore, MD 21201
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
BRICK
Total area
23,400 SF
Lot
0.13 ac (5,838 SF)
Zoning code
C-2
APN
11-02-0495 -035
UPID
US40-1144643
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 Brewer's Art Bar & Pub Restaurant
-
Mc Williams J Michael Law Firm
-
D'Aleo Interiors Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$3.15M
Owner & transaction history
Bendixhq LLC · 8 yrs held
Bendixhq LLC
since 2018
4 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.3M
+51.8%
Warehouse, storage
$3.6M
+26.1%
Medical building
$3.4M
+20.5%
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
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
COMMERCIAL (GENERAL)
$2,820,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,285,000
Change: +52% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,560,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$3,400,000
Change: +20% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,025,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,560,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±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
$134 / 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
$41,468
Tax year 2023
Assessed value
$1,757,100
Assessed 2023
Previous assessed
$1,740,000
+1.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$204,300
Improvement market value
$1,587,000
Total market value
$1,791,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1900
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
23,400 SF
Lot
0.13 ac (5,838 SF)
Zoning code
C-2
APN
11-02-0495 -035
UPID
US40-1144643
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
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1900
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Bendixhq LLC
Entity
Mailing address
9256 BENDIX RD #304, ELLICOTT CITY, MD 21042
Ownership since
2018
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
Feb 28, 2018
$1,774,500
Bendixhq LLC
1106 North Charles Street LP
Grant Deed
—
Oct 25, 2007
—
North Charles Street 1106
—
Deed Of Trust
related
$1,500,000 · Washington Mutual Fsb
Sep 24, 1999
$250,000
1100-1106 Charles St INC
Dovel,ralph L
Grant Deed
$225,000 · Key Bank & Trust
—
—
1106 N Charles Street LP
—
Deed Of Trust
related
$1,600,000 · Bay-vanguard Fsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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