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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1419 Knecht Ave Baltimore, MD 21227-1415

    • Medical offices
    • 12,080 SF
    • 2.06 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2021
    $3,400,000
    Value Estimations
    $3,390,000
    Show details
    Cap Rate Potential
    4.1%
    Medical offices
    Location Intelligence
    Property ID
    US40-0781937
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Reed John C MD / Internist
    • Dr. Maria T. Elmo, MD / Occupational Medical Physician
    • Thomas J. Brookman, PA / Physician Assistant
    • Angela Peterkin-Carter, APT / Physical Therapist
    • Latarsha T. Morrison, Physician / Medical Clinic

    Property Details for 1419 Knecht Ave

    Year built
    1990
    Construction
    BRICK
    Lot size
    2.06 lot acres
    Property size
    12,080 SF
    Zone code
    ML-IM
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    13-2000008963
    APU
    132000008963

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,920,000
      6.5%
      $2,695,000
      7%
      $2,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,168,000
      Market price range: $791k - $3.26M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,785,000
      RESTAURANT
      $2,745,000
      OFFICE BUILDING
      $2,480,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,210,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6842
    Latitude
    39.259
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,315
    $0.00
    $0.00
    $2,434,600
    -
    $618,000
    $2,659,000
    $3,277,000

    Comparable in this City

    • Value Estimation
      $25,790,000
      131,287 SF

      1701 Twin Spgs Rd

      MEDICAL BUILDING • 131,287 SF
      1701 Twin Spgs Rd, Baltimore, MD 21227-3553
      View Details
    • Value Estimation
      $1,240,000
      6,319 SF

      4000 Annapolis Rd

      MEDICAL BUILDING • 6,319 SF
      4000 Annapolis Rd, Baltimore, MD 21227-3600
      View Details
    • Value Estimation by Request
      1,920 SF

      1901 Hammonds Fry Rd

      MEDICAL BUILDING • 1,920 SF
      1901 Hammonds Fry Rd, Baltimore, MD 21227-1717
      View Details
    • Value Estimation by Request
      2,852 SF

      3927 Annapolis Rd

      MEDICAL BUILDING • 2,852 SF
      3927 Annapolis Rd, Halethorpe, MD 21227-2229
      View Details
    • Value Estimation
      $595,000
      9,506 SF

      5820 Southwestern Blvd

      MEDICAL BUILDING • 9,506 SF
      5820 Southwestern Blvd, Halethorpe, MD 21227-4402
      View Details
    • Value Estimation
      $1,525,000
      42,324 SF

      3421 Benson Ave

      MEDICAL BUILDING • 42,324 SF
      3421 Benson Ave, Baltimore, MD 21227-1056
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Halethorpe Office Space for Lease

      High-visibility office, Washington Blvd.
      3302 Washington Blvd Unit #203, Halethorpe, MD 21227
      View Details
    • New
      $469,000
      1,632 SF

      Renovated Mixed-Use Building with Garage

      Renovated mixed-use property with office space and rentable garage.
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      9,506 SF

      Halethorpe Commercial Property - High Visibility

      Prime Redevelopment Opportunity: 9,506 SF, 1.47 Acres
      5820 Southwestern Blvd, Halethorpe, MD 21227
      View Details
    • $595,000
      3,374 SF

      Halethorpe Multifamily Investment Opportunity

      Four-unit property with long-term tenants and value-add potential.
      4606 Ridge Ave, Baltimore, MD 21227
      View Details
    • $2,099,999

      Turn-Key Funeral Home Opportunity

      Fully operational funeral home with strategic location and ample parking.
      4023 Annapolis Rd, Baltimore, MD 21227
      View Details
    • $339,000
      1,626 SF

      Renovated Townhome with Private Baths

      Move-in ready townhome featuring renovated kitchen and spa-like bathrooms.
      16 Lanhill Ct, Baltimore, MD 21227
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    Similar Nearby for Lease

    • $8 SF/Yr
      36,450 SF

      Office Space For Rent

      Office space available for lease at an aggressive price.
      1430 Joh Ave, Baltimore, MD 21227
      View Details
    • $18 SF/Yr
      1,114 SF

      Office Space Near I-95

      Single-story office space with direct suite entry and convenient location.
      1521 S Edgewood St, Baltimore, MD 21227
      View Details
    • $15 SF/Yr
      10,000 SF

      Halethorpe Office Space Available

      10000 SF office space for rent in Halethorpe, MD.
      3421 Benson Ave, Halethorpe, MD 21227
      View Details
    • $18 SF/Yr
      2,032 SF

      Office Space Near I-95

      Office space available in Caton 95 Office Park.
      1501 S Edgewood St, Baltimore, MD 21227
      View Details
    • Contact for pricing
      175,000 SF

      Baltimore Gateway Office Space

      Class A Office & Flex Space in Halethorpe, MD
      0 Joh Ave At Koppers St, Halethorpe, MD 21227
      View Details
    • $13 SF/Yr
      48,250 SF

      Baltimore Office Space For Lease

      Office space available for lease in Baltimore, Maryland.
      1520 Bloomfield Ave, Baltimore, MD 21227
      View Details
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    1419 Knecht Ave
    Baltimore, MD 21227-1415
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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