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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Apartment buildings
322 Charles St, Baltimore, MD 21201-4302
Entity Owned
8-yr Hold
Property ID
US40-2399828
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Construction
BRICK
Total area
17,390 SF
Lot
0.24 ac (10,237 SF)
Zoning code
C-5HT
APN
04-02-0580 -013
UPID
US40-2399828
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
-
Lumbini Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.77M
Owner & transaction history
Elua Browns Arcade LLC · 8 yrs held
Elua Browns Arcade LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-5HT · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.6M
+17.7%
Medical building
$2.5M
+12.4%
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
APARTMENT HOUSE (5+ UNITS)
$2,250,000
Current use
WAREHOUSE, STORAGE
$2,645,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$2,525,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,095,000
Change: -7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,905,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$102 / 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
$40,278
Tax year 2023
Assessed value
$1,706,700
Assessed 2023
Previous assessed
$1,706,700
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$563,000
Assessed improvement
$1,143,700
Land market value
$563,000
Improvement market value
$1,143,700
Total market value
$1,706,700
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
15
Total area
17,390 SF
Lot
0.24 ac (10,237 SF)
Zoning code
C-5HT
APN
04-02-0580 -013
UPID
US40-2399828
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
YES
Cooling
Yes
Stories
1
Buildings
2
Units
15
Lot
0.24 ac
Current owner
From public records · entity-resolved
Elua Browns Arcade LLC
Entity
Mailing address
9253 PIGEONWING PL, COLUMBIA, MD 21045-4600
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2018
$1,837,500
Elua Browns Arcade LLC
Rwn 322-328 N Charles Street O
Grant Deed
—
Dec 27, 2004
$1,155,956
322-328 North Charles Street Rwn
22-328 North Charles Street
Grant Deed
related
$965,000 · Wachovia Bank NA
Oct 20, 2000
—
322-328 N Charles Street LP
—
Deed Of Trust
related
$13,500,000 · Gmac Commercial Mortgage Corp
Aug 17, 1998
—
322-325 N Charles St Ltd Ptshp
Metropolitan Life Insurance
Grant Deed
$425,000 · Segal Family Partnership LP
Dec 5, 1997
$100
Metropolitan Life Insurance
Brown Arcade Joint Vebture
Trustees Deed
related
—
—
—
Psg Lending LLC
—
Deed Of Trust
related
$1,100,000 · Revere Bk
—
—
322-328 North Charles Street Rwn
—
Deed Of Trust
related
$1,276,000 · Branch Banking & Trust Co Va
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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