Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Medical Office Space
1501 Saratoga St Baltimore, MD 21223-1749
Entity Owned
Free & Clear
Property ID
US40-0960744
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
BRICK
Total area
29,000 SF
Lot
0.89 ac (38,551 SF)
Zoning code
OR-1
APN
19-04-0166 -001
UPID
US40-0960744
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
-
Patricia Cudjoe Pediatrician Physician
-
Reed Winston Physician
-
Sophia Robinson Pediatrician Physician
-
Carrington Ceceila H MD Physician
-
Jeffrey Schultz Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$4.13M
Owner & transaction history
TOTAL HEALTH CARE INC
TOTAL HEALTH CARE INC
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
$6.7M
+58.8%
Restaurant
$6.6M
+56.5%
Office building
$6.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,215,000
Current use
AUTO REPAIR, GARAGE
$6,690,000
Change: +59% · Conversion: Difficult
RESTAURANT
$6,595,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$5,955,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,310,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$4,040,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,750,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±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
$142 / 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
Assessed value
$4,892,900
Assessed 2023
Previous assessed
$4,883,000
+0.2% YoY
Assessed land
$308,400
Assessed improvement
$4,584,500
Land market value
$308,400
Improvement market value
$4,584,500
Total market value
$4,892,900
Applied tax rate
19.0000
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
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
29,000 SF
Lot
0.89 ac (38,551 SF)
Zoning code
OR-1
APN
19-04-0166 -001
UPID
US40-0960744
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
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.7M
RESTAURANT
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
Year built
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
TOTAL HEALTH CARE INC
Entity
Free & Clear · 0 yrs held
Mailing address
1501 DIVISION ST, BALTIMORE, MD 21217-3121
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1501 Saratoga St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
