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Property profile & analytics
OFF-MARKET
Estimated value
$7,310,000
Office buildings
201 Baltimore St, Baltimore, MD 21202-1535
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2409864
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
BRICK
Total area
158,838 SF
Lot
0.26 ac (11,381 SF)
Zoning code
C-5TO
APN
04-11-0650 -004
UPID
US40-2409864
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
-
Campbell Thomas W DDS Dental Office
-
CFG Bank Arena Theater & Performing Art Venue Sports Field & Court
-
Mental Health Policy Institute For Leadership And Training Charitable Organization Social Service Agency
-
Mayor & City Council City Government Office
-
City of Baltimore - Employee Benefits Divison City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.99M
Blend (final)
Blend
$7.31M
Owner & transaction history
Cc 201 Baltimore Street LLC · 4 yrs held
Cc 201 Baltimore Street LLC
since 2022
Last sale
$5.1M
6 recorded transactions
Zoning & alternative use
C-5TO · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.31M
Range $6.58M – $8.04M · ±10% · vs last sale $5.10M (Dec 4 2025)
Last sale anchor
$5.10M
Dec 4 2025
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
$46 / 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
$166,392
Tax year 2023
Assessed value
$7,050,500
Assessed 2023
Previous assessed
$5,823,300
+21.1% YoY
Effective rate
2.36%
On assessed value
Land market value
$1,148,800
Improvement market value
$7,128,900
Total market value
$8,277,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
16
Units
1
Total area
158,838 SF
Lot
0.26 ac (11,381 SF)
Zoning code
C-5TO
APN
04-11-0650 -004
UPID
US40-2409864
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5TO · Baltimore, MD
Zoning C-5TO · permitted uses
C-5TO · 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.
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
16
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Cc 201 Baltimore Street LLC
Entity
Mailing address
12 W MONTGOMERY ST, BALTIMORE, MD 21230-4489
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$11,100,000
Cc 201 Baltimore Street LLC
Plaza Realty Management INC
Deed
$33,750,000 · Sandy Spring Bank
May 19, 2021
$3,250,000
Plaza Realty Management INC
Rosser LLC
Special Warranty Deed
—
Jun 26, 2014
—
Rosser LLC
Walters,arthur L
Grant Deed
—
Feb 3, 2006
—
Arthur L Walters
Herndon Associates
Grant Deed
related
—
Jan 30, 2006
$10,200,000
Herndon Associates LP
Carlyle Calvert Partners LLC
Grant Deed
—
Nov 3, 1999
$2,620,000
Carlyle Calvert Partners LLC
Principal Life Insurance Co
Grant Deed
$2,820,000 · Grand Pacific Finance Corp
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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