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Property profile & analytics
OFF-MARKET
Medical Office Space
1420 Key Hwy Baltimore, MD 21230-5546
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0302794
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
46,150 SF
Lot
0.96 ac (41,998 SF)
Zoning code
C-2
APN
24-09-2012 -001
UPID
US40-0302794
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
-
Dr. Steve Sobelman Physician Medical Clinic
-
Miranda Gordon-Zigel, MD Pediatrician Physician
-
David Pierre, Jr., DO Pediatrician Physician
-
MedStar Health Physical Therapy at Federal Hill Medical Clinic
-
Leonie M Prao Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Epc Hammes LLC · 6 yrs held
Epc Hammes LLC
since 2020
Last sale
$34.9M
7 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,248.59 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$518,119
Tax year 2023
Assessed value
$21,954,200
Assessed 2023
Previous assessed
$21,954,200
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$2,519,800
Assessed improvement
$19,434,400
Land market value
$2,519,800
Improvement market value
$19,434,400
Total market value
$21,954,200
Applied tax rate
24.0000
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
Year built
2014
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
3
Units
2
Total area
46,150 SF
Lot
0.96 ac (41,998 SF)
Zoning code
C-2
APN
24-09-2012 -001
UPID
US40-0302794
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MDZoning C-2 · permitted uses
C-2 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.ft /du 300 sq.ft /du Residential-Care Facility (Age-Restricted) 200 sq.ft/du 200 sq
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,248.59 ac
Building & site characteristics
From public records
Year built
2014
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
2
Units
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Epc Hammes LLC
Entity
Mailing address
1400 N WATER ST STE #500, MILWAUKEE, WI 53202-4035
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
Jan 10, 2020
$34,895,000
Epc Hammes LLC
Hp Baltimore 1420 LLC
Grant Deed
—
Aug 3, 2017
—
Hp Baltimore 1420 LLC
—
Grant Deed
related
$17,800,000 · Cit Bk NA
Dec 22, 2015
$23,000,000
Hp Baltimore 1420 LLC
Key Highway Associates LLC
Grant Deed
—
Dec 13, 2010
$2,600,000
Key Highway Associates LLC
Lombard Street Venture LLC
Grant Deed
$300,000 · Lombard Street Venture LLC
Jul 12, 2002
$1,200,000
Lombard Street Venture LLC
Mallan,thomas A
Grant Deed
$900,000 · First Mariner Bank
—
—
Hp Baltimore 1420 LLC
—
Deed Of Trust
related
$8,715,000 · Rosedale Fed'l S&l Assn
—
—
Key Highway Associates LLC
—
Deed Of Trust
related
$15,000 · Op Fndg IV LLC
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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