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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Hotels
200 Saratoga St, Baltimore, MD 21201-3511
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-2201917
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1917
Construction
BRICK
Total area
18,655 SF
Lot
0.06 ac (2,665 SF)
Zoning code
C-5HS
APN
04-02-0578 -001
UPID
US40-2201917
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
-
La Quinta Inn & Suites by Wyndham Baltimore Downtown Hotel & Motel
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
Rmv Hospitanlity LLC · 8 yrs held
Rmv Hospitanlity LLC
since 2018
4 recorded transactions
Zoning & alternative use
C-5HS · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+49.7%
Restaurant
$4.2M
+47.5%
Neighborhood: shopping center
$3.4M
+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
$2,875,000
Current use
AUTO REPAIR, GARAGE
$4,305,000
Change: +50% · Conversion: Difficult
RESTAURANT
$4,240,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,415,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,840,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$2,710,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,410,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±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
$168 / 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
$74,860
Tax year 2023
Assessed value
$3,172,033
Assessed 2023
Previous assessed
$2,680,067
+18.4% YoY
Effective rate
2.36%
On assessed value
Land market value
$166,500
Improvement market value
$3,497,500
Total market value
$3,664,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1917
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
7
Units
1
Total area
18,655 SF
Lot
0.06 ac (2,665 SF)
Zoning code
C-5HS
APN
04-02-0578 -001
UPID
US40-2201917
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5HS · Baltimore, MD
Zoning C-5HS · permitted uses
C-5HS · 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
$2.9M
AUTO REPAIR, GARAGE
Est. value
$4.3M
RESTAURANT
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1917
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
7
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Rmv Hospitanlity LLC
Entity
Mailing address
200 W SARATOGA ST, BALTIMORE, MD 21201-3511
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2018
$4,050,000
Rmv Hospitanlity LLC
Park Avenue Hotels LLC
Deed
$3,680,000 · Savoy Bank
Oct 3, 2008
$606,750
Park Avenue Hotels LLC
Mayor & Cty Council Of Baltimore
Grant Deed
$455,000 · Regal Bank & Trust
Jun 7, 1999
—
City Council Of Baltimore
Spectera INC
Grant Deed
related
—
—
—
Park Avenue Hotels LLC
—
Deed Of Trust
related
$2,433,100 · Regal Bk&tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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