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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
421 Baltimore St Baltimore, MD 21201-1716
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-0522802
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Construction
BRICK
Total area
5,980 SF
Lot
0.03 ac (1,481 SF)
Zoning code
C-5DC
APN
04-08-0642 -010
UPID
US40-0522802
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
-
Nando's PERi-PERi Restaurant
-
Midway Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$535k
Owner & transaction history
Salah Alsaidi · 1 yrs held
Salah Alsaidi
since 2025
7 recorded transactions
Zoning & alternative use
C-5DC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$870,000
+125.5%
Apartment house (5+ units)
$775,000
+100.6%
Commercial (general)
$720,000
+87.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$385,000
Current use
MEDICAL BUILDING
$870,000
Change: +126% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$775,000
Change: +101% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +87% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$89 / 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
$19,353
Tax year 2023
Assessed value
$820,033
Assessed 2023
Previous assessed
$806,967
+1.6% YoY
Effective rate
2.36%
On assessed value
Land market value
$231,900
Improvement market value
$601,200
Total market value
$833,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Construction
BRICK
Heating
STEAM
Cooling
YES
Stories
4
Units
2
Total area
5,980 SF
Lot
0.03 ac (1,481 SF)
Zoning code
C-5DC
APN
04-08-0642 -010
UPID
US40-0522802
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DC · Baltimore, MDZoning C-5DC · permitted uses
C-5DC · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$385,000
MEDICAL BUILDING
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$720,000
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1890
Construction
BRICK
Heating
STEAM
Cooling
Yes
Stories
4
Units
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Salah Alsaidi
Individual
Free & Clear · 1 yrs held
Mailing address
100 PAINTERS ML RD STE #900, OWINGS MILLS, MD 21117-4793
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Salah Alsaidi
Wesam Alsaidi
Deed
related
—
Oct 18, 2023
$415,000
Mohamed Nagi Nasser
Stephanie Ilene Bratt
Deed
$100,000 · Fahmi Alsumeri
Dec 1, 2017
—
Balti-west 400 LLC
—
Grant Deed
related
$5,600,000 · First Mariner Bk
Nov 20, 2017
—
Balti-west 400 LLC
—
Deed
related
$162,020 · Theo C Rodgers
Jun 22, 2017
—
Balti-west 400 LLC
—
Deed
related
$326,395 · Howard S Brown
Jan 4, 2010
$304,000
Balti-west 400 LLC
University Of Maryland Baltimore
Grant Deed
related
—
—
—
Balti-west 400 LLC
—
Deed Of Trust
related
$526,964 · Theo C Rodgers
—
—
Balti-west 400 LLC
—
Deed Of Trust
related
$1,898,036 · Howard N Brown
—
—
Balti-west 400 LLC
—
Deed Of Trust
related
$2,875,000 · M & T Bank
—
—
Balti-west 400 LLC
—
Deed Of Trust
related
$326,395 · Howard S Brown
—
—
Balti-west 400 LLC
—
Deed Of Trust
related
$162,020 · Theo C Rodgers
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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