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Property profile & analytics
FOR SALE
Residential income homes
825 N Charles St, Baltimore, MD 21201
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0413425
For Sale
1 / 25
$1,149,000
825 N Charles St, Baltimore, MD 21201
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
BRICK
Total area
5,445 SF
Lot
0.06 ac (2,484 SF)
Zoning code
C-2
APN
11-12-0517 -029
UPID
US40-0413425
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
-
DIFFERENTREGARD Clothing Store Clothing Alteration Service
-
Jay A Dackman Law Office Law Firm
-
Infinity Title Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$938k
Blend (final)
Blend
$680k
Owner & transaction history
Charles Property I LLC · 1 yrs held
Charles Property I LLC
since 2024
4 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$995,000
+41.7%
Warehouse, storage
$830,000
+17.7%
Medical building
$790,000
+12.4%
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
APARTMENT HOUSE (5+ UNITS)
$705,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$995,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$830,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: -7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$595,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$125 / 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
$18,319
Tax year 2023
Assessed value
$776,233
Assessed 2023
Previous assessed
$1,118,800
-30.6% YoY
Effective rate
2.36%
On assessed value
Land market value
$149,000
Improvement market value
$679,700
Total market value
$828,700
Applied tax rate
11.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1900
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
1
Total area
5,445 SF
Lot
0.06 ac (2,484 SF)
Zoning code
C-2
APN
11-12-0517 -029
UPID
US40-0413425
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MD
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$995,000
WAREHOUSE, STORAGE
Est. value
$830,000
MEDICAL BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$655,000
INDUSTRIAL (GENERAL)
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1900
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Charles Property I LLC
Entity
Mailing address
435 W CHESTNUT ST, LANCASTER, PA 17603-3441
Ownership since
2024
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
Jul 9, 2024
—
Charles Property I LLC
Spectre N Charles LLC
Deed
—
Jun 26, 2018
$1,150,000
Spectre N Charles LLC
Charles Street Five LLC
Grant Deed
—
Mar 8, 2010
—
Holabird Investment LLC
—
Trustees Deed
related
$75,900 · Boardwalk 2001 LLC
Jul 10, 2002
$20,000
Charles Street Five LLC
Daylight LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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