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Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Medical Office Space
1001 Pne Hts Ave Baltimore, MD 21229-5208
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0038119
Property summary
AI-generated overview
This exceptional Baltimore medical office building, located at 1001 Pine Heights Ave, offers a variety of flexible spaces ideal for a range of medical and professional practices. The property, zoned Y-1, boasts a total of 27,174 square feet and features multiple tenancies. Currently, there are two available spaces ranging from a minimum of 1,494 square feet to a maximum contiguous space of 2,466 square feet, providing ample room for expansion or consolidation. The building's prime location in Baltimore, MD, zip code 21229 (39.270588, -76.6758317), ensures high visibility and easy access for patients and clients. Whether your practice requires executive office space, traditional office layouts, or specialized medical office accommodations, this property offers a versatile solution. The building's adaptable design allows for customization to meet specific needs, making it an attractive option for businesses seeking a modern and functional workspace. This is a unique opportunity to establish or expand your practice in a thriving Baltimore community. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
BRICK
Total area
31,098 SF
Lot
0.68 ac (29,833 SF)
Zoning code
OR-1
APN
25-01-7654H-025
UPID
US40-0038119
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
-
Doctors office Hospital
-
Menocal Family Practice Pediatrician Physician
-
CHOICE Pain & Rehabilitation Center Physician
-
Physicians Eye Center: Tsao Alice K MD Ophthalmologist
-
Hennessy Robert G MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.61M
CAP Approach
CAP
$6.90M
Comparable Approach
Comparable
$6.34M
Blend (final)
Blend
$5.62M
Owner & transaction history
1001 Pine Heights LLC · 5 yrs held
1001 Pine Heights LLC
since 2020
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
OR-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
OR Office-Residential Zoning Districts are intended for areas where there is a mix of office and residential uses. The regulations for this district is designed to ensure that office uses remain compatible with residential uses, thereby permitting the area to maintain a more residential character.
Zone name
Office Residential
General category
RESIDENTIAL
Zone area
207.81 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$7.2M
+58.8%
Restaurant
$7.1M
+56.5%
Office building
$6.4M
+41.3%
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
$5,700,000
ML approach
$5,605,000
CAP Approach
CAP Return
Estimation
6%
$7,470,000
6.5%
$6,895,000
7%
$6,405,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,520,000
Current use
AUTO REPAIR, GARAGE
$7,175,000
Change: +59% · Conversion: Difficult
RESTAURANT
$7,070,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$6,385,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,695,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,125,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$4,730,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$4,330,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±10% · vs last sale $5.22M (Sep 18 2020)
Last sale anchor
$5.22M
Sep 18 2020
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
$181 / 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
$114,899
Tax year 2023
Assessed value
$4,868,600
Assessed 2023
Previous assessed
$4,068,700
+19.7% YoY
Effective rate
2.36%
On assessed value
Assessed land
$447,400
Assessed improvement
$4,421,200
Land market value
$447,400
Improvement market value
$4,421,200
Total market value
$4,868,600
Applied tax rate
25.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
31,098 SF
Lot
0.68 ac (29,833 SF)
Zoning code
OR-1
APN
25-01-7654H-025
UPID
US40-0038119
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
OR-1 · Baltimore, MDZoning OR-1 · permitted uses
OR-1 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
OR Office-Residential Zoning Districts are intended for areas where there is a mix of office and residential uses. The regulations for this district is designed to ensure that office uses remain compatible with residential uses, thereby permitting the area to maintain a more residential character.
Zone name
Office Residential
General category
RESIDENTIAL
Zone area
207.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$7.2M
RESTAURANT
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$4.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
1001 Pine Heights LLC
Entity
Free & Clear · 5 yrs held
Mailing address
515 E JOPPA RD STE #202, BALTIMORE, MD 21286-1805
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
1001 Pine Heights LLC
—
Deed
related
$3,650,000 · Point Breeze Cu
Sep 18, 2020
$5,215,000
1001 Pine Heights LLC
Phsa Medical LLC
Deed
—
Jan 13, 2010
$2,705,000
Phsa Medical LLC
Pine Heights Avenue LLC
Grant Deed
$1,525,000 · Congressional Bank
Jan 21, 2005
$2,150,000
Pine Heights Avenue LLC
Pine Heights
Grant Deed
related
$2,110,000 · Manufacturers Traders & Trust
—
—
Phsa Medical LLC
—
Deed Of Trust
related
$1,525,000 · Michele Hagans
—
—
Phsa Medical LLC
—
Deed Of Trust
related
$1,525,000 · Michele Hagans
—
—
Heights Joint Venture Pine
—
Deed Of Trust
related
$500,000 · Mercantile-safe Deposit & Trus
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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