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    Property profile & analytics

    1741 Lgt St Baltimore, MD 21230-4977

    • Bars
    • 3,488 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US40-0646927
    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

    • The Crazy Crab Bag / Restaurant

    Property Details for 1741 Lgt St

    Year built
    1900
    Lot size
    0.08 lot acres
    Property size
    3,488 SF
    Zone code
    R-8
    Property type
    Bars
    Property subtype
    Pubs
    APN
    24-06-1024 -019
    APU
    24061024019

    Description

    This exceptional mixed-use property at 1741 Light Street in Baltimore, Maryland, presents a lucrative investment opportunity. The 5,800 square foot building boasts a prime corner location in the vibrant Federal Hill neighborhood, currently operating at 100% occupancy with three tenants. The property is categorized as retail, with a bar as the primary subtype, and includes all fixtures, furniture, and equipment (FF&E). A significant advantage is the inclusion of a liquor license, a valuable asset for any bar operation. The asking price is $999,000, translating to a price per square foot of $172.24 and an attractive 8.50% capitalization rate. The lease structure is a Net-Net-Plus (NN+) arrangement, offering a strong return on investment for the buyer. The property's multi-tenancy structure provides diversification and enhanced income potential. Located in the 21230 zip code, this property offers a compelling combination of strong location, high occupancy, and a desirable cap rate, making it an ideal addition to any investment portfolio. This is a turnkey operation ready for immediate income generation. The property's corner location provides excellent visibility and accessibility. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $195,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $185,000
      Mixed-Use
      $165,000
      Hospitality
      $195,000
      Educational
      $210,000
      Residential Income
      $175,000
      Energy
      $185,000
      Income-Based Land
      $200,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6114
    Latitude
    39.2697
    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
    $8,633
    $216,900
    $148,900
    $365,800
    -
    $216,900
    $148,900
    $365,800

    Comparable in this City

    • Value Estimation
      $555,000
      2,460 SF

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      912 Washington Blvd

      BAR, TAVERN • 3,737 SF
      912 Washington Blvd, Baltimore, MD 21230-2318
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    • Value Estimation
      $275,000
      2,576 SF

      1367 Andre St

      BAR, TAVERN • 2,576 SF
      1367 Andre St, Baltimore, MD 21230-5303
      View Details
    • Value Estimation
      $395,000
      672 SF

      23 Cross St

      BAR, TAVERN • 672 SF
      23 Cross St, Baltimore, MD 21230-4003
      View Details
    • Value Estimation by Request
      4,464 SF

      1439 Charles St

      BAR, TAVERN • 4,464 SF
      1439 Charles St, Baltimore, MD 21230-4401
      View Details
    • Value Estimation by Request
      2,520 SF

      38 Cross St

      BAR, TAVERN • 2,520 SF
      38 Cross St, Baltimore, MD 21230-4036
      View Details

    Similar Nearby for Sale

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      Federal Hill Mixed-Use Property

      Mixed-use property in Federal Hill with liquor license.
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      View Details
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      Mixed-use property with commercial and residential income potential.
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    Similar Nearby for Lease

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      1,569 SF

      Purpose-Built Food Facility For Lease

      8,300 SF food facility with restaurant, cafe, and kitchen.
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    • $1,950 /Mo
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      Pigtown Restaurant/Deli Space For Lease

      Equipped restaurant/deli space in high-traffic Pigtown location.
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      3,816 SF

      Federal Hill Restaurant Space Available

      3,816 SF restaurant space in the heart of Federal Hill.
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    • $2,000 /Mo
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    Baltimore, MD 21230-4977
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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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