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Property profile & analytics
OFF-MARKET
Estimated value
$10,655,000
Hotels
1300 Thames St Fl 4, Baltimore, MD 21231-3609
Entity Owned
Free & Clear
Property ID
US40-1714104
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Total area
96,458 SF
APN
03-07-1825 -005A
UPID
US40-1714104
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
by Request
CAP Approach
CAP
$8.93M
Comparable Approach
Comparable
$9.57M
Blend (final)
Blend
$10.66M
Owner & transaction history
WILLS STREET PIER LLC
WILLS STREET PIER LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$17.7M
+18.8%
Commercial (general)
$15.9M
+7.1%
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%
$9,675,000
6.5%
$8,930,000
7%
$8,295,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,870,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$17,665,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,920,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,675,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$14,015,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.66M
Range $9.59M – $11.72M · ±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
$110 / 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
$397,533
Tax year 2023
Assessed value
$16,844,600
Assessed 2023
Previous assessed
$16,844,600
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$5,053,300
Assessed improvement
$11,791,300
Land market value
$5,053,300
Improvement market value
$11,791,300
Total market value
$16,844,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
96,458 SF
APN
03-07-1825 -005A
UPID
US40-1714104
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.7M
COMMERCIAL (GENERAL)
Est. value
$15.9M
WAREHOUSE, STORAGE
Est. value
$14.7M
MEDICAL BUILDING
Est. value
$14.0M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL 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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Current owner
From public records · entity-resolved
WILLS STREET PIER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1300 THAMES ST STE #10, BALTIMORE, MD 21231-3653
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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