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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Retail space
1720 Thames St Baltimore, MD 21231-3660
Entity Owned
18-yr Hold
Free & Clear
Property ID
US40-1960077
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
4,302 SF
Lot
0.1 ac (4,182 SF)
Zoning code
C-1-E
APN
02-06-1861 -021
UPID
US40-1960077
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
-
Law Offices of Fogleman & Ransom Law Firm
-
Daily Grind Cafe & Coffee Shop
-
Law Offices of Stephan W. Fogleman Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$885k
Owner & transaction history
Four Forces Real Estate LLC · 18 yrs held
Four Forces Real Estate LLC
since 2007
6 recorded transactions
Zoning & alternative use
C-1-E · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 3…
Zone name
Neighborhood Business And Entertainment
General category
COMMERCIAL
Zone area
11.72 ac
Top alternative use upside
Auto repair, garage
$995,000
+65.7%
Office building
$885,000
+47.4%
Neighborhood: shopping center
$790,000
+31.5%
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%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
RETAIL STORES
$600,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$710,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$655,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$206 / 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
$24,301
Tax year 2023
Assessed value
$1,029,700
Assessed 2023
Previous assessed
$1,029,700
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$522,700
Assessed improvement
$507,000
Land market value
$522,700
Improvement market value
$507,000
Total market value
$1,029,700
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
4,302 SF
Lot
0.1 ac (4,182 SF)
Zoning code
C-1-E
APN
02-06-1861 -021
UPID
US40-1960077
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1-E · Baltimore, MDZoning C-1-E · permitted uses
C-1-E · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.ft /du 300 sq.ft /du Residential-Care Facility (Age-Restricted) 200 sq.ft/du 20
Zone name
Neighborhood Business And Entertainment
General category
COMMERCIAL
Zone area
11.72 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$995,000
OFFICE BUILDING
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$655,000
MEDICAL BUILDING
Est. value
$625,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1900
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Four Forces Real Estate LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1720 THAMES ST, BALTIMORE, MD 21231-3660
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Apr 10, 2019
—
Four Forces Real Estate LLC
—
Deed
related
$350,000 · Branch Bk&tr
Oct 15, 2007
$1,450,000
Four Forces Real Estate LLC
1720 Thames LLC
Grant Deed
—
Mar 30, 1999
—
1720 Thames LLC
Key,david
Grant Deed
related
—
Dec 10, 1997
$400,000
David Key
Rapoport,stanley I & Judith L
Grant Deed
$320,000 · Seller
—
—
Four Forces Real Estate LLC
—
Deed Of Trust
related
$350,000 · Branch Bk&tr
—
—
Dailey Grind Coffeehouse
—
Deed Of Trust
related
$235,400 · Bank Of America Fsb
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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