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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Bars & Pubs
2921 Odonnell St Baltimore, MD 21224-4823
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-2357262
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1880
Construction
BRICK
Total area
3,300 SF
Lot
0.04 ac (1,650 SF)
Zoning code
C-1
APN
01-09-1891 -008
UPID
US40-2357262
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$650k
Owner & transaction history
2921 Odonnell Street LLC · 8 yrs held
2921 Odonnell Street LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Table 10-401 Commercial Districts (C-5) - Bulk and Yard Regulations Table 11-301 Industrial District…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
726.10 ac
Top alternative use upside
Office building
$960,000
+46.8%
Auto repair, garage
$760,000
+16.2%
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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$655,000
Current use
OFFICE BUILDING
$960,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$760,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$197 / 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
$37,732
Tax year 2023
Assessed value
$1,598,800
Assessed 2023
Previous assessed
$1,407,000
+13.6% YoY
Effective rate
2.36%
On assessed value
Assessed land
$272,200
Assessed improvement
$1,326,600
Land market value
$272,200
Improvement market value
$1,326,600
Total market value
$1,598,800
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1880
Construction
BRICK
Heating
RADIANT
Cooling
YES
Stories
2
Units
1
Total area
3,300 SF
Lot
0.04 ac (1,650 SF)
Zoning code
C-1
APN
01-09-1891 -008
UPID
US40-2357262
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1 · Baltimore, MDZoning 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
Zoning description
ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Table 10-401 Commercial Districts (C-5) - Bulk and Yard Regulations Table 11-301 Industrial Districts - Permitted and Conditional Uses Table 11-401 Industrial Districts - Bulk and Yar
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
726.10 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$655,000
OFFICE BUILDING
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
RADIANT
Cooling
Yes
Stories
2
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
2921 Odonnell Street LLC
Entity
Free & Clear · 8 yrs held
Mailing address
600 WARREN AVE, SPRING LAKE, NJ 07762-2039
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Thames Street Holdings LLC
—
Deed
related
$3,500,000 · Bay Vanguard Bk
Apr 24, 2018
$1,703,661
2921 Odonnell Street LLC
O Donnell Square Assocs LLC
Grant Deed
—
Feb 9, 2015
$1,040,000
O Donnell Square Associates LLC
Bailey Real Estate LLC
Deed
$960,000 · 1st Mariner Bank
Dec 14, 2012
—
Bailey Real Estate LLC
Mc-pocomoke-5226 LLC
Quit Claim Deed
—
May 7, 2003
$400,000
Bailey Enterprises INC
Addington,dorothy D
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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