Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Bars & Pubs
1439 Charles St Baltimore, MD 21230-4401
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-1643228
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1920
Construction
BRICK
Total area
4,464 SF
Lot
0.05 ac (2,280 SF)
Zoning code
R-8
APN
23-12-0978 -001
UPID
US40-1643228
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
-
Delia Foley's Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Aj Charles LLC · 9 yrs held
Aj Charles LLC
since 2016
6 recorded transactions
Zoning & alternative use
R-8 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-8 Rowhouse Residential Zoning District is intended to accommodate and maintain the traditional form of urban rowhouse development typical of many of the City's inner neighborhoods, which contain continuous, block-long rowhouse development built to or only modestly set back from the street.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
4,119.54 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.0M
+1.5%
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
RESTAURANT
$1,015,000
Current use
AUTO REPAIR, GARAGE
$1,030,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: -10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$264 / 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
$27,789
Tax year 2023
Assessed value
$1,181,500
Assessed 2024
Previous assessed
$1,177,500
+0.3% YoY
Effective rate
2.35%
On assessed value
Land market value
$570,000
Improvement market value
$619,500
Total market value
$1,189,500
Applied tax rate
23.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
4,464 SF
Lot
0.05 ac (2,280 SF)
Zoning code
R-8
APN
23-12-0978 -001
UPID
US40-1643228
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-8 · Baltimore, MDZoning R-8 · permitted uses
R-8 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-8 Rowhouse Residential Zoning District is intended to accommodate and maintain the traditional form of urban rowhouse development typical of many of the City's inner neighborhoods, which contain continuous, block-long rowhouse development built to or only modestly set back from the street.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
4,119.54 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Aj Charles LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1439 S CHARLES ST, BALTIMORE, MD 21230-4401
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2016
$1,225,000
Aj Charles LLC
Galway Properties LLC
Assignment Of Lease (leasehold Sale)
—
Nov 30, 2010
$472,500
Galway Properties, LLC
1439 South Charles LLC
Deed
—
Feb 27, 2008
—
1439 South Charles LLC
Brown,bonny M
Grant Deed
related
—
Aug 21, 2007
$175,000
Bonny M Brown
Glazer,milton & Sandra
Grant Deed
$276,000 · Equity Mortgage Lending
—
—
Galway Properties LLC
—
Deed Of Trust
related
$301,000 · Chesapeake Business Fin'l Corp
—
—
1439 South Charles LLC
—
Deed Of Trust
related
$400,000 · Bonny M Brown
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?”
You own 1439 Charles St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
