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Property profile & analytics
OFF-MARKET
Estimated value
$7,380,000
Retail space
3600 Boston St Baltimore, MD 21224-5729
Entity Owned
Free & Clear
Property ID
US40-1430806
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
45,750 SF
Lot
1.06 ac (45,999 SF)
Zoning code
C-2
APN
26-02-6498A-006
UPID
US40-1430806
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
-
Panera Bread Take-out & Catering Catering Service
-
Five Guys Restaurant Take-out & Catering
-
Floyd's 99 Barbershop Barber Shop
-
PNC Bank Bank Loan Service
-
PNC Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.47M
Comparable Approach
Comparable
$6.96M
Blend (final)
Blend
$7.38M
Owner & transaction history
Gunther Bottle LLC
Gunther Bottle LLC
since 2025
5 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+108.0%
Restaurant
$9.1M
+79.1%
Neighborhood: shopping center
$8.4M
+65.1%
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%
$9,175,000
6.5%
$8,470,000
7%
$7,865,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,075,000
Current use
AUTO REPAIR, GARAGE
$10,555,000
Change: +108% · Conversion: Difficult
RESTAURANT
$9,085,000
Change: +79% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,380,000
Change: +65% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,960,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,665,000
Change: +31% · Conversion: Easy
MEDICAL BUILDING
$6,650,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±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
$161 / 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
$149,171
Tax year 2023
Assessed value
$6,320,800
Assessed 2023
Previous assessed
$6,438,200
-1.8% YoY
Effective rate
2.36%
On assessed value
Assessed land
$919,900
Assessed improvement
$5,400,900
Land market value
$919,900
Improvement market value
$5,400,900
Total market value
$6,320,800
Applied tax rate
26.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
45,750 SF
Lot
1.06 ac (45,999 SF)
Zoning code
C-2
APN
26-02-6498A-006
UPID
US40-1430806
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MD
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$10.6M
RESTAURANT
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
WAREHOUSE, STORAGE
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1900
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Gunther Bottle LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3600 BOSTON ST, BALTIMORE, MD 21224-5729
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Nov 12, 2025
—
Gunther Bottle LLC
Gunther Bottle LLC
Deed
related
—
Oct 21, 2015
—
Gunther Bottle LLC
Gunther Bottle LLC
Quit Claim Deed
related
$11,197,150 · Pnc Bk
May 30, 2008
—
Gunther Bottle LLC
—
Deed Of Trust
related
$3,868,149 · Pnc Cpi Sub-cde IV-2 LLC
May 31, 2005
—
Gunther Bottle LLC
—
Deed Of Trust
related
$11,017,149 · Mercantile-safe Deposit & Trus
Jun 13, 2001
$459,130
Gunther Bottle LLC
United Decorative Flower Co In
Grant Deed
$336,000 · Hopkins Fsb
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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