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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Hospitals
1217 Fayette St Baltimore, MD 21223-1938
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US40-2094932
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1973
Construction
BRICK
Total area
69,432 SF
Lot
0.63 ac (27,312 SF)
Zoning code
R-8
APN
18-05-0199 -007
UPID
US40-2094932
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
-
Ramona Watts Edwards, PTA Physician
-
It Works Learning Center, Inc. Training Center
-
Fayette Health and Rehabilitation Center Rehabilitation Center Nursing Home
-
Annamarie Legaspi Physician
-
Nadine Kwebetchou Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.71M
Owner & transaction history
Fayette Asset Ownership LLC · 10 yrs held
Fayette Asset Ownership LLC
since 2016
7 recorded transactions
Zoning & alternative use
R-8 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-8 Rowhouse Residential Zoning District is intended to accommodate and maintain the traditional form of urban rowhouse development typical of many of the City's inner neighborhoods, which contain continuous, block-long rowhouse development built to or only modestly set back from the street.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
4,119.54 ac
Source
Realmo
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
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±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
$39 / 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
$89,012
Tax year 2023
Assessed value
$3,771,700
Assessed 2023
Previous assessed
$3,721,067
+1.4% YoY
Effective rate
2.36%
On assessed value
Assessed land
$327,700
Assessed improvement
$3,444,000
Land market value
$327,700
Improvement market value
$3,444,000
Total market value
$3,771,700
Applied tax rate
18.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Units
198
Total area
69,432 SF
Lot
0.63 ac (27,312 SF)
Zoning code
R-8
APN
18-05-0199 -007
UPID
US40-2094932
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-8 · Baltimore, MDZoning R-8 · permitted uses
R-8 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-8 Rowhouse Residential Zoning District is intended to accommodate and maintain the traditional form of urban rowhouse development typical of many of the City's inner neighborhoods, which contain continuous, block-long rowhouse development built to or only modestly set back from the street.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
4,119.54 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
198
Lot
0.63 ac
Current owner
From public records · entity-resolved
Fayette Asset Ownership LLC
Entity
Mailing address
4700 ASHWOOD DR STE #200, BLUE ASH, OH 45241-2424
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2016
—
Fayette Asset Ownership LLC
—
Deed
related
$61,000,000 · Capital One NA
Apr 1, 2016
—
Fayette Asset Ownership LLC
Maryland Nh Asset LLC
Grant Deed
—
Jun 14, 2013
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$1,728,000 · Ohi Asset III (pa) Trust
May 30, 2008
$4,186,849
Maryland Nh Asset LLC
Wessels Asa H
Grant Deed
related
—
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$1,355,000 · Ohi Asset III (pa) Trust
—
—
Fayette Asset Ownership LLC
—
Deed Of Trust
related
$61,000,000 · Capital One NA
—
—
Fayette Asset Ownership LLC
—
Deed Of Trust
related
$8,500,000 · Ohi Mezz Lender LLC
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$3,000,000 · Ohi Asset III (pa) Trust (ct)
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$2,401,000 · Ohi Asset III (pa) Trust (ct)
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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