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Property profile & analytics
OFF-MARKET
Estimated value
$15,155,000
Office buildings
801 Caroline St Baltimore, MD 21231-3311
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-0879283
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
79,753 SF
Lot
0.58 ac (25,439 SF)
Zoning code
C-1
APN
03-07-1818 -057
UPID
US40-0879283
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
-
Whitman Requardt & Associates LLP Engineering Consultant Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.20M
Comparable Approach
Comparable
$14.00M
Blend (final)
Blend
$15.16M
Owner & transaction history
Marian House INC · 15 yrs held
Marian House INC
since 2011
3 recorded transactions
Zoning & alternative use
C-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Table 10-401 Commercial Districts (C-5) - Bulk and Yard Regulations Table 11-301 Industrial District…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
726.10 ac
Top alternative use upside
Auto repair, garage
$18.4M
+12.4%
Restaurant
$18.1M
+10.7%
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%
$19,710,000
6.5%
$18,195,000
7%
$16,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,380,000
Current use
AUTO REPAIR, GARAGE
$18,400,000
Change: +12% · Conversion: Difficult
RESTAURANT
$18,135,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,605,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,160,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$15.16M
Range $13.64M – $16.67M · ±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
$190 / 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
$330,400
Tax year 2023
Assessed value
$14,000,000
Assessed 2023
Previous assessed
$13,738,533
+1.9% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,271,900
Assessed improvement
$12,728,100
Land market value
$1,271,900
Improvement market value
$12,728,100
Total market value
$14,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
79,753 SF
Lot
0.58 ac (25,439 SF)
Zoning code
C-1
APN
03-07-1818 -057
UPID
US40-0879283
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1 · Baltimore, MDZoning C-1 · permitted uses
C-1 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Table 10-401 Commercial Districts (C-5) - Bulk and Yard Regulations Table 11-301 Industrial Districts - Permitted and Conditional Uses Table 11-401 Industrial Districts - Bulk and Yar
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
726.10 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.4M
AUTO REPAIR, GARAGE
Est. value
$18.4M
RESTAURANT
Est. value
$18.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.6M
COMMERCIAL (GENERAL)
Est. value
$13.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2002
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Marian House INC
Entity
Mailing address
801 S CAROLINE ST, BALTIMORE, MD 21231-3311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2011
$1,000
Marian House INC
Engelman,jerry R & Carol K
Grant Deed
related
—
Feb 5, 2001
—
Caroline Street Properties LLC
Baltimore City (md)
Grant Deed
$148,846,000 · First Mariner Bank
—
—
Black Olive Development Co LLC
—
Deed Of Trust
related
$200,000 · City Of Baltimore Dev Corp
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.
Try Rey
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