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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Bars & Pubs
5637 Belle Grv Rd Baltimore, MD 21225-3356
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-2333665
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1945
Construction
BRICK
Total area
1,920 SF
Lot
0.78 ac (34,194 SF)
Zoning code
W2
APN
05-000-10420250
UPID
US40-2333665
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$540k
Owner & transaction history
Skull Mountain LLC · 24 yrs held
Skull Mountain LLC
since 2002
7 recorded transactions
Zoning & alternative use
W2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$445,000
+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
$435,000
Current use
AUTO REPAIR, GARAGE
$445,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$395,000
Change: -10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$350,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$281 / 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
$6,493
Tax year 2023
Assessed value
$594,633
Assessed 2023
Previous assessed
$594,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$539,900
Improvement market value
$54,800
Total market value
$594,700
Applied tax rate
5.0000
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
1945
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
7
Total area
1,920 SF
Lot
0.78 ac (34,194 SF)
Zoning code
W2
APN
05-000-10420250
UPID
US40-2333665
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Baltimore, MDZoning W2 · permitted uses
W2 · 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
RESTAURANT Current
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$445,000
OFFICE BUILDING
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$350,000
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
1945
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
7
Lot
0.78 ac
Current owner
From public records · entity-resolved
Skull Mountain LLC
Entity
Mailing address
2138 ESPEY CT STE #1, CROFTON, MD 21114-2495
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2020
—
Belle Grove Mhc LLC
—
Deed
related
$85,800,000 · Wells Fargo Bk
Feb 28, 2019
—
Belle Grove Mhc LLC
—
Loan Modification
related
$70,525,000 · Wells Fargo Bk
Nov 9, 2016
—
Belle Grove Mhc LLC
—
Deed
related
$82,000,000 · Wells Fargo Bank NA
Jun 7, 2002
$2,000,000
Skull Mountain LLC
Lucke,tr
Grant Deed
$1,600,000 · Blc Capital Corp
May 11, 1998
—
Beverly L Lucke
Edgar R Lucke Estate
Quit Claim Deed
related
—
May 5, 1998
—
Lucke Beverly L Lucke
Lucke,edgar R J
Quit Claim Deed
related
—
—
—
Belle Grove Mhc LLC
—
Loan Modification
related
$85,800,000 · Wells Fargo Bk
—
—
Belle Grove Mhc LLC
—
Deed Of Trust
related
$3,455,400 · Keybank USA
—
—
Belle Grove Mhc LLC
—
Deed Of Trust
related
$10,525,420 · Sovereign Bank
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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