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    Property profile & analytics

    1611 Bank St Baltimore, MD 21231-2319

    • Investment properties
    • 3,020 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Last Sale
    Jun 27, 2024
    $275,000
    Location Intelligence
    Property ID
    US40-1526443
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1611 Bank St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.04 lot acres
    Property size
    3,020 SF
    Zone code
    R-8
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03-08-1435 -041
    APU
    3081435041

    Description

    This exceptional 1700-square-foot restaurant space is ideally situated in the vibrant Fells Point submarket of Baltimore. Currently configured as a restaurant, this single-tenant property offers significant versatility and is suitable for a variety of food service concepts, including cafes, pizza shops, or catering businesses. The space boasts two convenient walk-in refrigerators, a main floor bathroom for customer use, and valuable upstairs storage for inventory or supplies. Modern updates include central air conditioning and recently upgraded lighting, ensuring a comfortable and efficient environment for both staff and patrons. The property benefits from excellent foot traffic, further enhanced by a nearby condominium development slated for completion by the end of 2024, promising increased customer flow and visibility. Tenants are responsible for utilities. For those seeking a fresh start, the possibility of negotiating assistance with complete renovations is available. This presents a unique opportunity to establish or relocate a thriving business in a highly desirable and rapidly developing area of Baltimore. The property's adaptable layout and prime location make it an exceptional investment opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $230,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $170,000
      Mixed-Use
      $190,000
      Hospitality
      $170,000
      Educational
      $220,000
      Residential Income
      $155,000
      Energy
      $185,000
      Income-Based Land
      $205,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5948
    Latitude
    39.2863
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,617
    $67,900
    $212,500
    $280,400
    -
    $67,900
    $212,500
    $280,400

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      2220 Fairmount Ave

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    • Value Estimation
      $365,000
      3,232 SF

      1712 Thames St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,232 SF
      1712 Thames St, Baltimore, MD 21231-3416
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    1611 Bank St
    Baltimore, MD 21231-2319
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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