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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Bars & Pubs
4015 Annapolis Rd, Baltimore, MD 21227-3627
Individually Owned
14-yr Hold
Free & Clear
Property ID
US40-0127226
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1952
Construction
BRICK
Total area
2,172 SF
Lot
0.21 ac (9,244 SF)
Zoning code
BL
APN
13-1308003360
UPID
US40-0127226
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
-
Cardtronics ATM Atm
-
Honey's Bar and Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$550k
Owner & transaction history
Soo M Kang · 14 yrs held
Soo M Kang
since 2012
7 recorded transactions
Zoning & alternative use
BL · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$500,000
+1.5%
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
RESTAURANT
$495,000
Current use
AUTO REPAIR, GARAGE
$500,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$445,000
Change: -10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$253 / 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
$3,955
Tax year 2023
Assessed value
$503,733
Assessed 2023
Previous assessed
$495,400
+1.7% YoY
Effective rate
0.79%
On assessed value
Land market value
$147,900
Improvement market value
$372,500
Total market value
$520,400
Applied tax rate
13.0000
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
1952
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
2,172 SF
Lot
0.21 ac (9,244 SF)
Zoning code
BL
APN
13-1308003360
UPID
US40-0127226
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Baltimore, MD
Zoning BL · permitted uses
BL · 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
RESTAURANT Current
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$500,000
OFFICE BUILDING
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1952
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Soo M Kang
Individual
Free & Clear · 14 yrs held
Mailing address
4015 ANNAPOLIS RD, BALTIMORE, MD 21227-3627
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2018
—
Soo M Kang
—
Deed
related
$220,000 · Norino Properties LLC
Jun 28, 2012
$25,000
Soo M Kang
Sim,jong B
Grant Deed
—
Nov 26, 2007
$610,000
Jong B Sim
Lecompte,richard G & Marjorie L
Grant Deed
$350,000 · Richard G & Marjorie L Lecompte
—
—
Soo M Kang
—
Loan Modification
related
$220,000 · Norino Properties LLC
—
—
Soo M Kang
—
Deed Of Trust
related
$220,000 · Norino Properties LLC
—
—
Richard G Lecompte
—
Deed Of Trust
related
$120,000 · Fcnb Bank
—
—
Richard G Lecompte
—
Deed Of Trust
related
$100,000 · Fcnb Bank
—
—
Mun J Kang
—
Deed Of Trust
related
$25,000 · Jong B Sim
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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