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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Turn key restaurants
222 Charles St Baltimore, MD 21201-4032
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1196523
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
BRICK
Total area
25,567 SF
Lot
1.11 ac (48,173 SF)
Zoning code
0B042
APN
04-10-0601 -005
UPID
US40-1196523
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
-
Mekong Delta Café Restaurant
-
Lexington Florist (Bike/Boat/Book/etc) Store Florist
-
Zipcar Car Rental Facility
-
Coffee Land Cafe & Coffee Shop
-
The Peanut Shoppe Specialty Food Shop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Charles Plaza LLC · 23 yrs held
Charles Plaza LLC
since 2002
4 recorded transactions
Zoning & alternative use
0B042 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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
$50,875
Tax year 2023
Assessed value
$2,155,700
Assessed 2023
Previous assessed
$2,155,700
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,565,600
Assessed improvement
$590,100
Land market value
$1,565,600
Improvement market value
$590,100
Total market value
$2,155,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
2
Units
4
Total area
25,567 SF
Lot
1.11 ac (48,173 SF)
Zoning code
0B042
APN
04-10-0601 -005
UPID
US40-1196523
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
0B042 · Baltimore, MDZoning 0B042 · permitted uses
0B042 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
1.11 ac
Current owner
From public records · entity-resolved
Charles Plaza LLC
Entity
Mailing address
1950 OLD GALLOWS RD STE #600, VIENNA, VA 22182-3970
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
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
Jul 1, 2020
—
Charles Towers LLC
—
Grant Deed
related
—
Oct 18, 2002
$400,000
Charles Plaza LLC
Baltimore City (md)
Grant Deed
$619,110 · Southern Management Corp
—
—
Charles Towers LLC
—
Deed Of Trust
related
$3,100,000 · Capmark Bank
—
—
Charles Towers LLC
—
Deed Of Trust
related
$22,740,000 · Berkadia Commercial Mortgage
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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