Property profile

115 Melrose Ave Baltimore, MD 21212

OFF-MARKET
Hospitals
Property ID
US40-1065764
45,869 SF 5.1 ac lot Built 1955
Individually Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1955
Construction BRICK
Total area 45,869 SF
Lot 5.1 ac (222,156 SF)
Zoning code R-1
APN 27-68-4983B-001
UPID US40-1065764

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Physician
  • Nursing Home

Location

115 Melrose Ave Baltimore, MD 21212-2945
Baltimore metro Census 271200 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.39M
Blend (final) Blend
$9.01M

Owner & transaction history

since 2023
7 recorded transactions
2024
Price N/A
2023
$298,000
2021
Price N/A
2021
Price N/A
2020
$4,000
2020
Price N/A
2017
Price N/A

Zoning & alternative use

R-1 · Baltimore, MD
Zoning description

idential Districts - Permitted and Conditional Uses Baltimore City Code Table 8-301 Detached and Semi-Detached Residential Districts - Permitted and Conditional Uses Uses Districts Use Standards R-1A R-1B R-1C R-1D R-1E…

General category RESIDENTIAL
Top alternative use upside
Auto repair, garage $10.6M +58.8%
Restaurant $10.4M +56.5%
Office building $9.4M +41.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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