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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Day care centers
838 Eutaw St Baltimore, MD 21201-4624
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0216540
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1900
Total area
15,819 SF
Lot
0.14 ac (6,316 SF)
Zoning code
TOD-2
APN
11-08-0490 -011
UPID
US40-0216540
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
-
Joseph Richey Hospice Nursing Home
-
Dr. Marcel Horowitz Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$2.23M
Owner & transaction history
Sheppard Pratt Properties LLC · 3 yrs held
Sheppard Pratt Properties LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
TOD-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+52.2%
Commercial (general)
$1.5M
+21.5%
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
$2,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,925,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,535,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.26M (Feb 21 2023)
Last sale anchor
$2.26M
Feb 21 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
$141 / 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
Assessed value
$3,398,467
Assessed 2023
Previous assessed
$3,365,700
+1.0% YoY
Land market value
$284,200
Improvement market value
$3,179,800
Total market value
$3,464,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1900
Heating
YES
Cooling
YES
Stories
3
Units
1
Bathrooms
4
Total area
15,819 SF
Lot
0.14 ac (6,316 SF)
Zoning code
TOD-2
APN
11-08-0490 -011
UPID
US40-0216540
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
TOD-2 · Baltimore, MD
Zoning TOD-2 · permitted uses
TOD-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
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
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
1900
Heating
YES
Cooling
Yes
Stories
3
Units
1
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Sheppard Pratt Properties LLC
Entity
Mailing address
6501 N CHARLES ST, BALTIMORE, MD 21204-6819
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
Sheppard Pratt Properties LLC
Joseph Richey House INC
Deed
—
Jun 29, 2018
—
Ghc Holdings LLC
Joseph Richey House INC
Grant Deed
—
Dec 14, 2000
$60,000
Joseph R Hospice
Reynolds,garth H
Grant Deed
—
Oct 1, 1997
$30,250
Garth H Reynolds
Vestry Of Mount Calvary Church
Grant Deed
$19,250 · Seller
Oct 1, 1997
$27,500
Garth Hobart Reynolds
Vestry Of Mount
Grant Deed
—
—
—
Joseph Richey House INC
—
Deed Of Trust
related
$400,000 · House Of All The Saint Sisters
—
—
Joseph Richey House INC
—
Deed Of Trust
related
$250,000 · Pnc Bank
—
—
Joseph Richey House INC
—
Deed Of Trust
related
$500,000 · Manufacturers Traders & Trust
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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