New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,930,000
Investment properties
2436 Charles St Baltimore, MD 21218-5161
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US40-0024473
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
BRICK
Total area
41,685 SF
Lot
0.32 ac (14,025 SF)
Zoning code
C-1
APN
12-06-3624 -033
UPID
US40-0024473
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
-
Sister House Restaurant
-
Curly Royalty Hair Salon
-
breezybre_stylez Hair Salon
-
Daikearas Hair Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$4.93M
Owner & transaction history
2436 North Charles Street LLC · 20 yrs held
2436 North Charles Street LLC
since 2005
7 recorded transactions
Zoning & alternative use
C-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.6M
+65.0%
Warehouse, storage
$6.3M
+37.0%
Medical building
$6.1M
+30.9%
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
COMMERCIAL (GENERAL)
$4,630,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,635,000
Change: +65% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,340,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$6,055,000
Change: +31% · Conversion: Easy
RETAIL STORES
$5,805,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,390,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$4.93M
Range $4.44M – $5.42M · ±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
$118 / 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
$42,043
Tax year 2023
Assessed value
$1,781,500
Assessed 2023
Previous assessed
$1,300,000
+37.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$490,800
Improvement market value
$2,253,700
Total market value
$2,744,500
Applied tax rate
12.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
1
Total area
41,685 SF
Lot
0.32 ac (14,025 SF)
Zoning code
C-1
APN
12-06-3624 -033
UPID
US40-0024473
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1 · Baltimore, MD
Zoning C-1 · permitted uses
C-1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
1920
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
2436 North Charles Street LLC
Entity
Mailing address
100 W 23RD ST FL #4, NEW YORK, NY 10011-0028
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
2436 North Charles Street LLC
—
Deed
related
$3,675,000 · Greystone Servicing Co LLC
Dec 12, 2005
$2,400,000
2436 North Charles Street LLC
Tarragon INC
Grant Deed
$2,400,000 · Sovereign Bank
Dec 3, 2002
$485,000
Tarragon INC
Kathleen,t Est
Grant Deed
$725,000 · Carrollton Bank
—
—
2436 North Charles Street LLC
—
Deed Of Trust
related
$2,900,000 · Greystone Svcg
—
—
2436 North Charles Street LLC
—
Deed Of Trust
related
$2,700,000 · Sovereign Bank
—
—
2436 North Charles Street LLC
—
Deed Of Trust
related
$2,900,000 · Greystone Svcg
—
—
2436 North Charles Street LLC
—
Deed Of Trust
related
$3,150,000 · Sovereign 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2436 Charles St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
