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Property profile & analytics
OFF-MARKET
Estimated value
$17,895,000
Specialty properties
221 Charles St Baltimore, MD 21201
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0946480
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1909
Construction
BRICK
Total area
89,237 SF
Lot
0.37 ac (15,987 SF)
Zoning code
C-5HT
APN
04-01-0608 -005
UPID
US40-0946480
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
$11.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.90M
Owner & transaction history
225 N Charles Owner LLC · 2 yrs held
225 N Charles Owner LLC
since 2023
Last sale
$18.4M
7 recorded transactions
Zoning & alternative use
C-5HT · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.9M
+75.3%
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
$23,230,000
ML approach
$11,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,855,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$17.90M
Range $16.11M – $19.68M · ±10% · vs last sale $18.39M (Aug 27 2021)
Last sale anchor
$18.39M
Aug 27 2021
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
$201 / 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
$98,624
Tax year 2023
Assessed value
$4,179,000
Assessed 2023
Previous assessed
$4,959,000
-15.7% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,199,000
Assessed improvement
$2,980,000
Land market value
$1,199,000
Improvement market value
$2,980,000
Total market value
$4,179,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1909
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
7
Units
1
Total area
89,237 SF
Lot
0.37 ac (15,987 SF)
Zoning code
C-5HT
APN
04-01-0608 -005
UPID
US40-0946480
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5HT · Baltimore, MD
Zoning C-5HT · permitted uses
C-5HT · 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
AUTO REPAIR, GARAGE
Est. value
$10.9M
AUTO REPAIR, GARAGE
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
1909
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
7
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
225 N Charles Owner LLC
Entity
Mailing address
140 Q ST NE STE 140B, WASHINGTON, DC 20002-2101
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$5,000,000
225 N Charles Owner LLC
Bih Owner LLC
Special Warranty Deed
$4,500,000 · Mainstreet Bank
Aug 27, 2021
—
Bih Owner LLC
Hotel Baltimore Propco LP
Special Warranty Deed
$11,940,000 · Ys Uip Rel II LLC
Dec 29, 2017
—
Hotel Baltimore Propco LP
—
Grant Deed
related
$31,663,755 · Bank Of America
Dec 14, 2017
$10,918,595
Hotel Baltimore Propco LP
225 North Charles Street LP
Grant Deed
—
Apr 5, 2013
—
Baltimore Hotel Propco LLC
—
Loan Modification
related
$18,000,000 · Bank Of The Ozarks
Feb 11, 2008
—
North Charles Street 225
—
Deed Of Trust
related
$25,000,000 · Pnc Bank
Aug 27, 2004
—
225 North Charles Street LP
—
Grant Deed
related
$27,232,153 · Bank Of America
Jan 16, 2003
—
Baltimore City (md)
225 North Charles Street LP
Grant Deed
related
—
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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