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Property profile & analytics
FOR LEASE
Office buildings
723 S Broadway B Baltimore, MD 21231
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0104169
For Lease
1 / 3
$3,365,000
723 S Broadway,Unit B, Baltimore, MD 21231
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
BRICK
Total area
829 SF
Lot
0.27 ac (11,718 SF)
Zoning code
C-1-E
APN
02-06-1845 -049
UPID
US40-0104169
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
-
Twist Fells Point Restaurant
-
The Rainbow Room (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
723 S Broadway Acquisition LLC · 4 yrs held
723 S Broadway Acquisition LLC
since 2022
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
C-1-E · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 3…
Zone name
Neighborhood Business And Entertainment
General category
COMMERCIAL
Zone area
11.72 ac
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
$3,310,000
ML approach
$3,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±10% · vs last sale $3.40M (Feb 9 2022)
Last sale anchor
$3.40M
Feb 9 2022
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
$4,059 / 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
$31,067
Tax year 2023
Assessed value
$1,316,400
Assessed 2023
Previous assessed
$1,313,700
+0.2% YoY
Effective rate
2.36%
On assessed value
Assessed land
$345,700
Assessed improvement
$970,700
Land market value
$345,700
Improvement market value
$970,700
Total market value
$1,316,400
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1920
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
3
Total area
829 SF
Lot
0.27 ac (11,718 SF)
Zoning code
C-1-E
APN
02-06-1845 -049
UPID
US40-0104169
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1-E · Baltimore, MDZoning C-1-E · permitted uses
C-1-E · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.ft /du 300 sq.ft /du Residential-Care Facility (Age-Restricted) 200 sq.ft/du 20
Zone name
Neighborhood Business And Entertainment
General category
COMMERCIAL
Zone area
11.72 ac
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
723 S Broadway Acquisition LLC
Entity
Mailing address
650 S EXETER ST STE #1095, BALTIMORE, MD 21202-4200
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
$3,400,000
723 S Broadway Acquisition LLC
Riverfront LLC
Special Warranty Deed
$2,550,000 · Cfg Community Bank
Jan 26, 2015
—
Riverfront LLC
Karabelas,george
Grant Deed
related
$350,000 · Michael C Wohl
Mar 2, 2005
$1,425,000
Riverfront LLC
Panolympic Imports Ltd
Grant Deed
$1,200,000 · First Mariner Bank
—
—
Riverfront LLC
—
Deed Of Trust
related
$50,000 · State Emp Cu/md
—
—
Riverfront LLC
—
Deed Of Trust
related
$1,650,000 · State Emp Cu/md
—
—
Riverfront LLC
—
Deed Of Trust
related
$295,000 · First Mariner 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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