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    Property profile & analytics

    1576 Merritt Blvd Baltimore, MD 21222-2132

    • Medical offices
    • 40,035 SF
    • 8.53 lot acres
    OFF-MARKET
    Value Estimations
    $5,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2263319
    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

    • Excelsia Injury Care Dundalk / Medical Clinic
    • Sonia Alencherry, MD / Pediatrician / Physician
    • Metropolitan Medical Associates: Morrison Stanley A MD / Physician
    • Helixcare / Pediatrician / Physician
    • Firozvi Tarique A MD / Physician

    Property Details for 1576 Merritt Blvd

    Year built
    1978
    Lot size
    8.53 lot acres
    Property size
    40,035 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    12-2300011167
    APU
    122300011167

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,328,000
      Market price range: $2.62M - $10.8M
      AI Estimate
      $3,520,000
      Market price range: $896k - $4.91M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,815,000
      Current use
      OFFICE BUILDING
      $8,220,000
      Change: +41% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $7,330,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,600,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $6,090,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $5,575,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5043
    Latitude
    39.2743
    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
    $36,617
    $0.00
    $0.00
    $5,631,133
    -
    $2,559,000
    $3,398,400
    $5,957,400

    Comparable in this City

    • Value Estimation
      $2,865,000
      14,594 SF

      2800 Sollers Pt Rd

      MEDICAL BUILDING • 14,594 SF
      2800 Sollers Pt Rd, Dundalk, MD 21222-4647
      View Details
    • Value Estimation
      $590,000
      4,650 SF

      207 Wise Ave

      MEDICAL BUILDING • 4,650 SF
      207 Wise Ave, Baltimore, MD 21222-4911
      View Details
    • Value Estimation
      $830,000
      5,578 SF

      6730 Holabird Ave

      MEDICAL BUILDING • 5,578 SF
      6730 Holabird Ave, Dundalk, MD 21222-1700
      View Details
    • Value Estimation by Request
      7,600 SF

      201 New Deal Pl

      MEDICAL BUILDING • 7,600 SF
      201 New Deal Pl, Baltimore, MD 21222
      View Details
    • Value Estimation
      $1,045,000
      7,500 SF

      2112 Dundalk Ave

      MEDICAL BUILDING • 7,500 SF
      2112 Dundalk Ave, Baltimore, MD 21222-3714
      View Details
    • Value Estimation
      $2,600,000
      4,500 SF

      1307 Merritt Blvd

      MEDICAL BUILDING • 4,500 SF
      1307 Merritt Blvd, Baltimore, MD 21222-2109
      View Details

    Similar Nearby for Sale

    • $385,000
      0.23 Acres

      Renovated Commercial Buildings on Wise Avenue

      Two renovated commercial buildings suitable for investors or entrepreneurs.
      7827 Wise Ave, Dundalk, MD 21222
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    • $450,000

      Remodeled Office Space in Dundalk

      Fully remodeled office space with separate entrances in Historic Dundalk.
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      0.23 Acres

      Dundalk Office Space - High Visibility!

      Prime Dundalk office, 670 sq ft, high visibility.
      7827 Wise Avenue Ext, Dundalk, MD 21222
      View Details
    • New
      $839,999
      0.15 Acres

      Three-Story Commercial Property For Sale

      Three-story commercial property with steady income and growth potential.
      7544 Holabird Ave, Baltimore, MD 21222
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    • Contact for pricing
      0.23 Acres

      Dundalk Office Building - High Visibility

      Prime Dundalk Office Space - Available Now
      7827 Wise Avenue Ext, Dundalk, MD 21222
      View Details
    • New
      $499,997
      0.44 Acres

      Turn-Key Commercial Building in Dundalk

      Contractor's office with rental potential in a prime location.
      2100 Merritt Ave, Dundalk, MD 21222
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,936 SF

      Dundalk Retail or Office Space

      Ground-level retail/office space available for lease in Dundalk, MD.
      15 Center Pl, Dundalk, MD 21222
      View Details
    • $2,200 /Mo
      10,019 SF

      Renovated Office Building on Wise

      Renovated office building with high visibility and ample parking.
      7827 Wise Ave, Dundalk, MD 21222
      View Details
    • $900 /Mo
      10,019 SF

      Renovated Office Space on Wise

      Renovated office space with high visibility in Dundalk, Maryland.
      7827 Wise Ave, Dundalk, MD 21222
      View Details
    • $2,400 /Mo

      Renovated Office Building on Wise

      Renovated office building with high visibility and flexible space.
      7827 Wise Ave, Dundalk, MD 21222
      View Details
    • Contact for pricing
      3,500 SF

      Downtown Baltimore Office Space Available

      3,500 SF office space in downtown Baltimore for rent.
      100 W Center St, Baltimore, MD 21222
      View Details
    • Contact for pricing

      Industrial Space with Ample Parking

      Industrial space for lease near major highways with ample parking.
      1113 North Northpoint Rd, Dundalk, MD 21222
      View Details
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    1576 Merritt Blvd
    Baltimore, MD 21222-2132
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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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