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Property profile & analytics
OFF-MARKET
Estimated value
$23,835,000
Apartment buildings
3700 Charles St, Baltimore, MD 21218-2332
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-0833762
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1933
Construction
BRICK
Total area
133,764 SF
Lot
1.23 ac (53,748 SF)
Zoning code
R-10
APN
12-18-3695A-007
UPID
US40-0833762
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
-
The Academy on Charles Student Housing Center Apartment Building
-
Northway Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.88M
Comparable Approach
Comparable
$28.53M
Blend (final)
Blend
$23.84M
Owner & transaction history
Varsity On Charles Owner LLC · 9 yrs held
Varsity On Charles Owner LLC
since 2016
5 recorded transactions
Zoning & alternative use
R-10 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$30.9M
+78.5%
Restaurant
$30.4M
+75.9%
Neighborhood: shopping center
$24.5M
+41.7%
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%
$25,865,000
6.5%
$23,875,000
7%
$22,170,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,290,000
Current use
AUTO REPAIR, GARAGE
$30,865,000
Change: +79% · Conversion: Difficult
RESTAURANT
$30,420,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$24,500,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$20,350,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$19,435,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$18,630,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$15,005,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$23.84M
Range $21.45M – $26.22M · ±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
$178 / 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
$610,752
Tax year 2023
Assessed value
$25,879,300
Assessed 2023
Previous assessed
$25,879,300
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,343,700
Assessed improvement
$24,535,600
Land market value
$1,343,700
Improvement market value
$24,535,600
Total market value
$25,879,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1933
Construction
BRICK
Heating
YES
Cooling
YES
Stories
13
Units
87
Total area
133,764 SF
Lot
1.23 ac (53,748 SF)
Zoning code
R-10
APN
12-18-3695A-007
UPID
US40-0833762
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-10 · Baltimore, MD
Zoning R-10 · permitted uses
R-10 · 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
$17.3M
AUTO REPAIR, GARAGE
Est. value
$30.9M
RESTAURANT
Est. value
$30.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.5M
WAREHOUSE, STORAGE
Est. value
$20.4M
MEDICAL BUILDING
Est. value
$19.4M
RETAIL STORES
Est. value
$18.6M
OFFICE BUILDING
Est. value
$15.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
1933
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
13
Units
87
Lot
1.23 ac
Current owner
From public records · entity-resolved
Varsity On Charles Owner LLC
Entity
Free & Clear · 9 yrs held
Mailing address
10 CAMPUS BLVD, NEWTOWN SQUARE, PA 19073-3200
Ownership since
2016
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 15, 2016
$42,700,000
Varsity On Charles Owner LLC
Cherry Hill Road Corp
Grant Deed
—
Dec 5, 2005
—
Cherry Hill Road Corp
—
Deed Of Trust
related
$7,800,000 · Washington Mutual Fsb
—
—
H B Northway LP
—
Deed Of Trust
related
$28,000,000 · Citizens Bank Pennsylvania
—
—
Hb Northway LP
—
Deed Of Trust
related
$34,500,000 · Miscellaneous Ins Co
—
—
H B Northway LP
—
Deed Of Trust
related
$6,500,000 · Washington Mutual 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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