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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Apartment buildings
2200 Fleet St, Baltimore, MD 21231-3100
Entity Owned
19-yr Hold
Absentee Owner
Property ID
US40-0095768
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1880
Construction
BRICK
Total area
3,510 SF
Lot
0.05 ac (1,998 SF)
Zoning code
R-8
APN
01-04-1785 -010
UPID
US40-0095768
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$600k
Owner & transaction history
S & S Property LLC · 19 yrs held
S & S Property LLC
since 2006
6 recorded transactions
Zoning & alternative use
R-8 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$810,000
+78.5%
Office building
$720,000
+58.9%
Neighborhood: shopping center
$645,000
+41.7%
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
$375,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$455,000
Current use
AUTO REPAIR, GARAGE
$810,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +28% · Conversion: Moderate
WAREHOUSE, STORAGE
$535,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$490,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$171 / 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
$13,926
Tax year 2023
Assessed value
$590,100
Assessed 2023
Previous assessed
$590,100
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$199,800
Assessed improvement
$390,300
Land market value
$199,800
Improvement market value
$390,300
Total market value
$590,100
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1880
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
6
Total area
3,510 SF
Lot
0.05 ac (1,998 SF)
Zoning code
R-8
APN
01-04-1785 -010
UPID
US40-0095768
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-8 · Baltimore, MD
Zoning R-8 · permitted uses
R-8 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$810,000
OFFICE BUILDING
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$535,000
MEDICAL BUILDING
Est. value
$510,000
RETAIL STORES
Est. value
$490,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
1880
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
6
Lot
0.05 ac
Current owner
From public records · entity-resolved
S & S Property LLC
Entity
Mailing address
3406 JANELLEN DR, BALTIMORE, MD 21208-1807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Oct 27, 2006
—
S & S Property LLC
Swerling,jeremy A
Quit Claim Deed
related
—
Oct 27, 2006
$960,000
Jeremy A Swerling
Savader,louis & Nita
Grant Deed
$644,000 · Trans Lending Corp
Oct 27, 2006
$2,000
Jeremy A Swerling
Palm,william E
Grant Deed
related
—
Feb 21, 2001
$240,000
Louis Savader
Eltringham Trust
Grant Deed
$342,400 · Wyman Park Fed'l S & L Assn
—
—
Louis Savader
—
Deed Of Trust
related
$440,000 · Wyman Park Fed'l S & L Assn
—
—
Louis Savader
—
Deed Of Trust
related
$480,000 · Farmers & Mechanics Bank
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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