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Property profile & analytics
OFF-MARKET
Estimated value
$20,000,000
Hotels
15 Charles Plz, Baltimore, MD 21201-3989
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0753408
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1962
Construction
BRICK
Total area
88,318 SF
Lot
0.13 ac (5,674 SF)
Zoning code
C-5DC
APN
04-11-0660 -026
UPID
US40-0753408
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
-
Charles Towers South Tower Apartment Complex
-
N.A.A.B Health and Beauty Specialty Food Shop
-
Maryland Legal Services Corporation Law Firm
-
Ross Gregory W MD Physician
-
Campos Corporation General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.01M
Blend (final)
Blend
$20.00M
Owner & transaction history
15 19 S Charles St LLC · 2 yrs held
15 19 S Charles St LLC
since 2024
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
C-5DC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.4M
+49.7%
Restaurant
$20.1M
+47.5%
Neighborhood: shopping center
$16.2M
+18.8%
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
$20,000,000
ML approach
$20,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$13,615,000
Current use
AUTO REPAIR, GARAGE
$20,380,000
Change: +50% · Conversion: Difficult
RESTAURANT
$20,085,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,175,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,435,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$12,835,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$20.00M
Range $18.00M – $22.00M · ±10% · vs last sale $20.00M (Jun 5 2024)
Last sale anchor
$20.00M
Jun 5 2024
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
$226 / 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
$283,032
Tax year 2023
Assessed value
$11,992,900
Assessed 2024
Previous assessed
$11,992,900
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,295,900
Assessed improvement
$10,697,000
Land market value
$1,295,900
Improvement market value
$10,697,000
Total market value
$11,992,900
Applied tax rate
4.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
7
Units
1
Total area
88,318 SF
Lot
0.13 ac (5,674 SF)
Zoning code
C-5DC
APN
04-11-0660 -026
UPID
US40-0753408
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DC · Baltimore, MD
Zoning C-5DC · permitted uses
C-5DC · 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
HOTEL/MOTEL Current
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$20.4M
RESTAURANT
Est. value
$20.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.2M
WAREHOUSE, STORAGE
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$12.8M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
7
Buildings
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
15 19 S Charles St LLC
Entity
Free & Clear · 2 yrs held
Mailing address
320 N CHARLES ST, BALTIMORE, MD 21201-4354
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$20,000,000
15 19 S Charles St LLC
Charles Redwood Group Master Landlo
Deed
—
Dec 21, 2015
—
Son D Tran
Charles Redwood Group LLC
Grant Deed
—
Jan 25, 2001
$180,000
East Redwood Street Five
Cloverleaf Mall LLP
Grant Deed
—
—
—
Charles Redwood Group LLC
—
Deed Of Trust
related
$7,500,000 · Washingtonfirst Bk
—
—
Five East Redwood Street Lllp
—
Deed Of Trust
related
$3,500,000 · American Bank
—
—
Five East Redwood Street Lllp
—
Deed Of Trust
related
$200,000 · Peoples Bank & Trust
—
—
Charles Redwood Grp Master Lan
—
Deed Of Trust
related
$20,000,000 · Miscellaneous Ins Co
—
—
Charles Redwood Group Master L
—
Deed Of Trust
related
$20,000,000 · Other Institutional Lenders
—
—
Charles Redwood Grp Master Lan
—
Deed Of Trust
related
$10,727,648 · Washingtonfirst Bk
—
—
Five East Redwood Street Lllp
—
Deed Of Trust
related
$2,365,000 · Peoples Bank & Trust
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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