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Property profile & analytics

511 Caroline St Baltimore, MD 21231-2823

  • Turn key restaurants
  • 3,500 SF
  • 0.08 lot acres
OFF-MARKET
Value Estimation
$730,000
Last Sale
May 28, 2025
$750,000
Location Intelligence
Property ID
US40-1046817
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 511 Caroline St

Year built
1982
Construction
BRICK
Lot size
0.08 lot acres
Property size
3,500 SF
Zone code
C-1
Property type
Turn key restaurants
APN
03-07-1444 -041
APU
3071444041

Description

This 7,000 square foot commercial building, located in Baltimore's Fells Point National Historic District at 511 S. Caroline St, is being offered via auction on November 20, 2024, at 11:00 AM. The two-story, semi-detached masonry building, constructed in 1982 and renovated in 2015 and 2016, sits on a 0.08-acre lot and is zoned C-1 Commercial. Previously operating as the Handlebar Café, the property currently features a restaurant setup, gym space, and office areas. The first floor includes a full kitchen with walk-in coolers, a bar, seating areas, and two powder rooms. The second floor offers a gym, dance studio, offices, and two locker rooms with showers. Additional features include a (currently inoperable) elevator, forced air heat, a fire alarm and security system, and heavy power (formerly served by five electric meters). Exterior features include a brick facade, glass roll-up door with curb cut, roll-up security doors, and a flat built-up roof. The sale is subject to a $50,000 deposit (or 10% if the sale price requires it) payable by cashier's check at the time of the auction. The property is sold "as is," subject to easements, agreements, restrictions, or covenants of record. Prospective buyers are urged to conduct their due diligence before the auction. A ground rent of $7.11 annually applies.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $745,000
  • CAP approach

    CAP return
    Estimation
    6%
    $710,000
    6.5%
    $690,000
    7%
    $685,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $725,000
    Geo Method
    $640,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $760,000
    Retail
    $695,000
    Mixed-Use
    $705,000
    Hospitality
    $655,000
    Educational
    $645,000
    Residential Income
    $745,000
    Energy
    $865,000
    Income-Based Land
    $660,000
    Food Service
    $675,000

Location Insight

  • Map
  • Local Demand
City
Baltimore
County
Baltimore City
State
Maryland
Longitude
-76.5965
Latitude
39.2851
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,012
$109,700
$653,500
$763,200
-
$109,700
$653,500
$763,200
More about this property
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