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Property profile & analytics
OFF-MARKET
Estimated value
$3,885,000
Hotels
8 Pleasant St, Baltimore, MD 21202-2101
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0365095
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1962
Construction
BRICK
Total area
54,600 SF
Lot
0.22 ac (9,626 SF)
Zoning code
C-5HT
APN
04-01-0581 -003
UPID
US40-0365095
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
-
baltimore convention center Training Center Tutoring Service
-
parking lot Parking Lot & Garage
-
National Aquarium Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.06M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$3.89M
Owner & transaction history
Sai Iverson Partners LLC · 2 yrs held
Sai Iverson Partners LLC
since 2023
Last sale
$3.8M
4 recorded transactions
Zoning & alternative use
C-5HT · 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
$4,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,475,000
6.5%
$5,055,000
7%
$4,695,000
Blend value · Realmo final
$3.89M
Range $3.50M – $4.27M · ±10% · vs last sale $3.77M (Oct 20 2023)
Last sale anchor
$3.77M
Oct 20 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
$71 / 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
$163,362
Tax year 2023
Assessed value
$6,922,133
Assessed 2023
Previous assessed
$6,922,133
+0.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$481,300
Improvement market value
$6,901,900
Total market value
$7,383,200
Applied tax rate
4.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
13
Units
1
Total area
54,600 SF
Lot
0.22 ac (9,626 SF)
Zoning code
C-5HT
APN
04-01-0581 -003
UPID
US40-0365095
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5HT · Baltimore, MD
Zoning C-5HT · permitted uses
C-5HT · 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
1962
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
13
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Sai Iverson Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
13872 REMBRANDT WAY, CHANTILLY, VA 20151-3256
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Sai Iverson Partners LLC
—
Deed
related
$3,653,953 · Mainstreet Bank
Oct 20, 2023
$8,400,000
Sai Iverson Partners LLC
Darek S Bushnaq
Trustees Deed
related
—
Dec 28, 2012
—
Park Hospitality LLC
—
Deed Of Trust
related
$10,100,000 · Royal Bank Scotland Plc
Apr 22, 2009
$3,766,800
Park Hospitality LLC
Tremont Hotel
Grant Deed
$6,620 · Park Intermediary LLC
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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