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Property profile & analytics
OFF-MARKET
Estimated value
$17,930,000
Turn key restaurants
2 Charles St Baltimore, MD 21201-3754
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-1411880
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1905
Total area
6,000 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C-5DC
APN
04-10-0601 -001
UPID
US40-1411880
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
-
Encore IT Consulting Firm Tech Support Center
-
Juan C. Loyola, DDS Dental Office
-
Baltimore Infrared Sauna Wholesaler Corporate Office
-
Sinhye Lee, DMD Dental Office
-
BB&T Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.93M
Owner & transaction history
Jemal S B&o LLC · 3 yrs held
Jemal S B&o LLC
since 2022
Last sale
$18.1M
7 recorded transactions
Zoning & alternative use
C-5DC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$17,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.93M
Range $16.14M – $19.72M · ±10% · vs last sale $18.05M (Oct 24 2022)
Last sale anchor
$18.05M
Oct 24 2022
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
$2,988 / 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
$320,960
Tax year 2023
Assessed value
$13,600,000
Assessed 2023
Previous assessed
$13,317,533
+2.1% YoY
Effective rate
2.36%
On assessed value
Land market value
$4,573,800
Improvement market value
$9,826,200
Total market value
$14,400,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1905
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
14
Units
2
Total area
6,000 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C-5DC
APN
04-10-0601 -001
UPID
US40-1411880
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DC · Baltimore, MDZoning 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
Building & site characteristics
From public records
Year built
1905
Heating
HOT WATER
Cooling
Yes
Stories
14
Units
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Jemal S B&o LLC
Entity
Free & Clear · 3 yrs held
Mailing address
655 NEW YORK AVE NW STE #830, WASHINGTON, DC 20001-5795
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
$18,050,000
Jemal S B&o LLC
Sshcof II Wa LLC
Special Warranty Deed
—
Jan 26, 2022
$12,000,000
Sshcof II Wa LLC
Khp II Baltimore Hotel LLC
Trustees Deed
related
—
Feb 20, 2020
—
B & O Building Condo Khp II
Khp II Baltimore Hotel LLC
Correction Deed
—
Oct 17, 2019
$2,065
Khp II Baltimore LLC
L C B C Jean
Grant Deed
related
—
Apr 11, 2019
$4,875
Khp II Baltimore LLC
Trusteecounty O B
Grant Deed
—
Dec 27, 2018
—
Khp II Baltimore Hotel LLC
—
Grant Deed
related
$16,500,000 · Sshcof II Baltimore Dt LLC
Sep 21, 2018
—
Kenwood B & O LLC
—
Grant Deed
related
$3,750,000 · Columbia Bk
Aug 13, 2018
$2,430
Khp II Baltimore LLC
Nancy L P R O B
Grant Deed
related
—
Jul 20, 2018
$840
Khp II Baltimore LLC
Krasnodemski,diane
Grant Deed
related
—
May 4, 2018
—
Khp II Baltimore LLC
Carol W H O B
Grant Deed
related
—
Apr 11, 2011
$29,399
Khp II Baltimore LLC
Baltimore & Charles Associates
Grant Deed
—
Apr 11, 2011
$1,350
Kenwood B & O LLC
Baltimore & Charles Associates
Grant Deed
$1,000,000 · Eugene Mayer
—
—
Baltimore & Charles Assocs LLC
—
Deed Of Trust
related
$11,000,000 · National Penn Bank
—
—
Kenwood B & O LLC
—
Deed Of Trust
related
$1,325,000 · Congressional Bank
—
—
Khp II Baltimore LLC
—
Deed Of Trust
related
$19,000 · Jp Morgan Chase Bk
—
—
Kenwood B & O LLC
—
Deed Of Trust
related
$3,500,000 · Columbia Bank
—
—
Mullan Enterprises INC
—
Deed Of Trust
related
$3,600,000 · Manufacturers Traders & 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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