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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Apartment buildings
520 Caroline St, Baltimore, MD 21231-3845
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US40-0952184
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
30,990 SF
Lot
0.18 ac (7,841 SF)
Zoning code
IMU-1
APN
03-07-1443 -030
UPID
US40-0952184
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 Caroline Apartment Building
-
MONDAYS Garden Center Landscaping
-
Hopscotch - Zero Proof Bottle Shop Big Box & Wholesale Store Distribution Center
-
BloLUXE Waxing Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Standard Insurance Company · 4 yrs held
Standard Insurance Company
since 2022
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
IMU-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,750,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.60M (Feb 14 2020)
Last sale anchor
$1.60M
Feb 14 2020
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
$53 / 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
$155,144
Tax year 2023
Assessed value
$6,573,900
Assessed 2023
Previous assessed
$6,573,900
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,584,300
Assessed improvement
$4,989,600
Land market value
$1,584,300
Improvement market value
$4,989,600
Total market value
$6,573,900
Applied tax rate
3.0000
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
2021
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
31
Total area
30,990 SF
Lot
0.18 ac (7,841 SF)
Zoning code
IMU-1
APN
03-07-1443 -030
UPID
US40-0952184
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
IMU-1 · Baltimore, MD
Zoning IMU-1 · permitted uses
IMU-1 · 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.
Building & site characteristics
From public records
Year built
2021
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
31
Lot
0.18 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
12 W MONTGOMERY ST STE #120, BALTIMORE, MD 21230-4491
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
—
Standard Insurance Company
Cs 520 South Caroline Street LLC
Assignment Of Lease (leasehold Sale)
—
Feb 14, 2020
$1,600,000
Cs 520 South Caroline Street LLC
520 S Caroline LLC
Deed
$6,500,000 · United Bank
Jul 1, 2019
$793,242
520 S Caroline LLC
Dinenna Josephine
Grant Deed
$1,400,000 · Miscellaneous Govt Agcy
—
—
520 S Caroline LLC
—
Deed Of Trust
related
$2,999,999 · Marshall Klein
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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