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Property profile & analytics
OFF-MARKET
Estimated value
$10,410,000
Medical Office Space
16 Eutaw St Baltimore, MD 21201-1606
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-1261577
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1890
Construction
BRICK
Total area
53,000 SF
Lot
0.25 ac (10,854 SF)
Zoning code
C-5DC
APN
04-09-0654 -010
UPID
US40-1261577
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
-
University of Maryland University
-
Dr. Karen E. Anderson, MD Physician
-
University of Maryland Transplant Center at Baltimore Medical Clinic
-
Evelyn Jordan Center Clinic Medical Clinic
-
Good Janine MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.32M
Blend (final)
Blend
$10.41M
Owner & transaction history
University Physicians INC · 15 yrs held
University Physicians INC
since 2010
2 recorded transactions
Zoning & alternative use
C-5DC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.2M
+58.8%
Restaurant
$12.1M
+56.5%
Neighborhood: shopping center
$9.7M
+26.0%
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
$7,700,000
Current use
AUTO REPAIR, GARAGE
$12,230,000
Change: +59% · Conversion: Difficult
RESTAURANT
$12,050,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,705,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,060,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,850,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,390,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$10.41M
Range $9.37M – $11.45M · ±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
$196 / 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
$11,417,900
Assessed 2023
Previous assessed
$11,235,900
+1.6% YoY
Land market value
$1,628,100
Improvement market value
$9,971,800
Total market value
$11,599,900
Applied tax rate
4.0000
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
1890
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
5
Units
1
Total area
53,000 SF
Lot
0.25 ac (10,854 SF)
Zoning code
C-5DC
APN
04-09-0654 -010
UPID
US40-1261577
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DC · Baltimore, MDZoning C-5DC · permitted uses
C-5DC · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$12.2M
RESTAURANT
Est. value
$12.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
WAREHOUSE, STORAGE
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1890
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
5
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
University Physicians INC
Entity
Mailing address
250 W PRATT ST STE #901, BALTIMORE, MD 21201-6808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2010
—
University Physicians INC
—
Deed Of Trust
related
$15,000,000 · Manufacturers Traders & Trust
—
—
University Of Maryland Faculty
—
Deed Of Trust
related
—
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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