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Property profile & analytics
OFF-MARKET
Estimated value
$11,340,000
Hotels
17 Commerce St, Baltimore, MD 21202-3230
Entity Owned
10-yr Hold
Free & Clear
Property ID
US40-1346117
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1905
Total area
76,032 SF
Lot
0.35 ac (15,159 SF)
Zoning code
C-5TO
APN
04-11-1349 -003
UPID
US40-1346117
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
-
Staybridge Suites Baltimore - Inner Harbor, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.34M
Owner & transaction history
Commerce Hospitality Investments Ll · 10 yrs held
Commerce Hospitality Investments Ll
since 2015
6 recorded transactions
Zoning & alternative use
C-5TO · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.5M
+49.7%
Restaurant
$17.3M
+47.5%
Neighborhood: shopping center
$13.9M
+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
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
HOTEL/MOTEL
$11,720,000
Current use
AUTO REPAIR, GARAGE
$17,545,000
Change: +50% · Conversion: Difficult
RESTAURANT
$17,290,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,925,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,535,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,565,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$11,050,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,830,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.34M
Range $10.21M – $12.47M · ±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
$149 / 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
$258,677
Tax year 2023
Assessed value
$10,960,900
Assessed 2023
Previous assessed
$10,936,100
+0.2% YoY
Effective rate
2.36%
On assessed value
Land market value
$1,515,900
Improvement market value
$9,469,800
Total market value
$10,985,700
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
1905
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
5
Units
1
Total area
76,032 SF
Lot
0.35 ac (15,159 SF)
Zoning code
C-5TO
APN
04-11-1349 -003
UPID
US40-1346117
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5TO · Baltimore, MD
Zoning C-5TO · permitted uses
C-5TO · 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
$11.7M
AUTO REPAIR, GARAGE
Est. value
$17.5M
RESTAURANT
Est. value
$17.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$12.5M
WAREHOUSE, STORAGE
Est. value
$11.6M
MEDICAL BUILDING
Est. value
$11.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1905
Heating
HOT WATER
Cooling
Yes
Stories
5
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Commerce Hospitality Investments Ll
Entity
Free & Clear · 10 yrs held
Mailing address
1801 OBERLIN RD, MIDDLETOWN, PA 17057-2998
Ownership since
2015
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
Dec 12, 2017
—
Commerce Hospitality Invs LLC
—
Loan Modification
related
$14,000,000 · Washingtonfirst Bk
Dec 13, 2016
—
Commerce Hospitality Investmen
—
Deed
related
$11,800,000 · Washingtonfirst Bk
Dec 23, 2015
$4,300,000
Commerce Hospitality Investments Ll
Bic Educational Foundation INC
Deed
—
Dec 22, 2010
—
Baltimore Intl Clg INC
—
Deed Of Trust
related
$12,810,000 · Branch Banking & Trust Co
—
—
Baltimore International Colleg
—
Deed Of Trust
related
$999,999 · Roger Chylinski
—
—
Commerce Hospitality Investmen
—
Loan Modification
related
$11,800,000 · Washingtonfirst Bk
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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