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Property profile & analytics
OFF-MARKET
Estimated value
$49,340,000
Apartment buildings
1300 Thames St 2, Baltimore, MD 21231-3496
Entity Owned
5-yr Hold
Property ID
US40-1143697
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2018
Total area
269,829 SF
Lot
0.97 ac (42,340 SF)
Zoning code
C-5DE
APN
03-07-1825 -002
UPID
US40-1143697
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
-
Morgan Stanley Financial Advisor
-
Active Dumpster Rental Baltimore General Contractor Waste Management Facility
-
Beatty Harvey & Associates Architect
-
1300 Thames St Baltimore Parking Parking Lot & Garage
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$54.09M
Comparable Approach
Comparable
$51.26M
Blend (final)
Blend
$49.34M
Owner & transaction history
Bsa Borrower LLC · 5 yrs held
Bsa Borrower LLC
since 2021
4 recorded transactions
Zoning & alternative use
C-5DE · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$62.3M
+78.5%
Restaurant
$61.4M
+75.9%
Office building
$55.4M
+58.9%
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%
$58,590,000
6.5%
$54,085,000
7%
$50,220,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$34,880,000
Current use
AUTO REPAIR, GARAGE
$62,260,000
Change: +79% · Conversion: Difficult
RESTAURANT
$61,360,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$55,410,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$49,415,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$44,530,000
Change: +28% · Conversion: Moderate
WAREHOUSE, STORAGE
$41,045,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$39,210,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$49.34M
Range $44.41M – $54.27M · ±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
$183 / 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
$1,534,354
Tax year 2023
Assessed value
$65,015,000
Assessed 2023
Previous assessed
$65,015,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,069,400
Assessed improvement
$63,945,600
Land market value
$1,069,400
Improvement market value
$63,945,600
Total market value
$65,015,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2018
Heating
YES
Cooling
YES
Buildings
3
Stories
16
Units
289
Total area
269,829 SF
Lot
0.97 ac (42,340 SF)
Zoning code
C-5DE
APN
03-07-1825 -002
UPID
US40-1143697
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DE · Baltimore, MD
Zoning C-5DE · permitted uses
C-5DE · 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
$34.9M
AUTO REPAIR, GARAGE
Est. value
$62.3M
RESTAURANT
Est. value
$61.4M
OFFICE BUILDING
Est. value
$55.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.4M
COMMERCIAL (GENERAL)
Est. value
$44.5M
WAREHOUSE, STORAGE
Est. value
$41.0M
MEDICAL BUILDING
Est. value
$39.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
2018
Heating
YES
Cooling
Yes
Stories
16
Buildings
3
Units
289
Lot
0.97 ac
Current owner
From public records · entity-resolved
Bsa Borrower LLC
Entity
Mailing address
1300 THAMES ST STE #10, BALTIMORE, MD 21231-3653
Ownership since
2021
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
Apr 14, 2021
—
Bsa Borrower LLC
Block Street Apartments LLC
Special Warranty Deed
$12,800,000 · Wells Fargo Bank NA
Jan 12, 2017
—
Block Street Apartments LLC
—
Loan Modification
related
$15,000,000 · Manufacturers & Traders Tr
Jun 13, 2012
—
Wills Street Pier LLC
Mayor & Cty Council Of Baltimore
Grant Deed
—
—
—
Block Street Residential Dev L
—
Deed Of Trust
related
$23,000,000 · Private Individual
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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