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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Bars & Pubs
200 Pratt St Baltimore, MD 21201-2426
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-0820075
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1920
Construction
BRICK
Total area
6,161 SF
Lot
0.05 ac (2,266 SF)
Zoning code
C-5DC
APN
04-10-0668 -008
UPID
US40-0820075
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
-
Hotel Ventures Inc (Bike/Boat/Book/etc) Store
-
Top Memory Upgrade Baltimore Computer & Electronic Repair
-
Drip Depot Jewelers (Bike/Boat/Book/etc) Store
-
Thrive Internet Marketing Agency Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Yet Analytics (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
202 Pratt Property LLC · 7 yrs held
202 Pratt Property LLC
since 2019
6 recorded transactions
Zoning & alternative use
C-5DC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+1.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,400,000
Current use
AUTO REPAIR, GARAGE
$1,420,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$245 / 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
$32,638
Tax year 2023
Assessed value
$1,382,967
Assessed 2023
Previous assessed
$1,279,133
+8.1% YoY
Effective rate
2.36%
On assessed value
Land market value
$226,600
Improvement market value
$1,260,200
Total market value
$1,486,800
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
6,161 SF
Lot
0.05 ac (2,266 SF)
Zoning code
C-5DC
APN
04-10-0668 -008
UPID
US40-0820075
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DC · Baltimore, MD
Zoning 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
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RESTAURANT Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
202 Pratt Property LLC
Entity
Free & Clear · 7 yrs held
Mailing address
650 RITCHIE HWY STE #305, SEVERNA PARK, MD 21146-3948
Ownership since
2019
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
Jan 27, 2025
—
202 Pratt Propery LLC
—
Deed
related
$3,570,000 · Linkbank
Oct 18, 2022
—
Baltimore Center Associates LP
—
Deed
related
$66,300,000 · National Bank Of Kwait
Aug 12, 2021
—
202 Pratt Property LLC
—
Deed
related
$2,000,000 · Eagle Bank
May 22, 2019
$1,550,000
202 Pratt Property LLC
A S K Associates LLP
Deed
—
Feb 15, 2019
—
Baltimore Center LLC
—
Deed
related
$82,000,000 · Wells Fargo Bk N #2012-c8 (ce)
Jan 18, 2018
—
Sunstone Holdco 4 LLC
Baltimore Center Associates LP
Grant Deed
related
$74,970,885 · Wells Fargo Bk N #2012-c8 (ce)
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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