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Property profile & analytics
OFF-MARKET
Estimated value
$14,315,000
Community centers
510 Belvedere Ave, Baltimore, MD 21212-3701
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0326614
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Construction
BRICK
Total area
45,583 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
27-54-5133 -016
UPID
US40-0326614
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
-
Koba Korean Barbecue Restaurant
-
ooo Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.32M
Owner & transaction history
Premier Belvedere Lc · 3 yrs held
Premier Belvedere Lc
since 2023
Last sale
$17.3M
3 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.5M
+26.0%
Restaurant
$10.4M
+24.2%
Office building
$9.4M
+12.1%
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
$18,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,275,000
6.5%
$11,330,000
7%
$10,525,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,515,000
Change: +26% · Conversion: Difficult
RESTAURANT
$10,365,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$9,360,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$14.32M
Range $12.88M – $15.75M · ±10% · vs last sale $17.30M (Apr 19 2023)
Last sale anchor
$17.30M
Apr 19 2023
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
$314 / 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
$111,400
Tax year 2023
Assessed value
$4,720,333
Assessed 2023
Previous assessed
$4,641,567
+1.7% YoY
Effective rate
2.36%
On assessed value
Land market value
$543,000
Improvement market value
$4,256,100
Total market value
$4,799,100
Applied tax rate
27.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1986
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
45,583 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
27-54-5133 -016
UPID
US40-0326614
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
AUTO REPAIR, GARAGE
Est. value
$10.5M
RESTAURANT
Est. value
$10.4M
OFFICE BUILDING
Est. value
$9.4M
AUTO REPAIR, GARAGE
RESTAURANT
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
1986
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2.17 ac
Current owner
From public records · entity-resolved
Premier Belvedere Lc
Individual
Mailing address
7910 WOODMONT AVE STE #1405, BETHESDA, MD 20814-3082
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$17,300,000
Premier Belvedere Lc
Belvedere Holdings LLC
Special Warranty Deed
$12,110,000 · Community Bank Of The Chesapeake
Jun 17, 2002
$5,128,680
Belvedere Holdings LLC
B-y LP
Grant Deed
related
—
—
—
Belvedere Holdings LLC
—
Deed Of Trust
related
$400,000 · Housing & Community Dev
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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