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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Assisted living facilities
1750 Fairmount Ave Baltimore, MD 21231-1534
Entity Owned
28-yr Hold
Free & Clear
Property ID
US40-0680420
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1925
Construction
BRICK
Total area
27,442 SF
Lot
3.64 ac (158,471 SF)
Zoning code
OR-1
APN
06-07-1699 -020
UPID
US40-0680420
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
-
STEVE E LINDAUER Medical Clinic Physician
-
ALISON ESPOSITO PRITCHARD Physician Medical Clinic
-
Chandler Mclemore Physician Medical Clinic
-
Dora Logue Physician
-
IFIGENIA MOUGIANIS Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.44M
Owner & transaction history
MADISON STREET PROPERTIES INC
MADISON STREET PROPERTIES 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
$3.3M
+154.4%
Office building
$3.3M
+152.1%
Warehouse, storage
$3.2M
+145.9%
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
AUTO REPAIR, GARAGE
$3,340,000
Change: +154% · Conversion: Difficult
OFFICE BUILDING
$3,310,000
Change: +152% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,225,000
Change: +146% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,095,000
Change: +136% · Conversion: Difficult
RETAIL STORES
$2,960,000
Change: +126% · Conversion: Difficult
RESTAURANT
$2,870,000
Change: +119% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±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
$89 / 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
$8,083,100
Assessed 2023
Previous assessed
$7,819,600
+3.4% YoY
Land market value
$950,800
Improvement market value
$7,659,300
Total market value
$8,610,100
Applied tax rate
6.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1925
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Units
2
Total area
27,442 SF
Lot
3.64 ac (158,471 SF)
Zoning code
OR-1
APN
06-07-1699 -020
UPID
US40-0680420
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
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1925
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
2
Units
2
Lot
3.64 ac
Current owner
From public records · entity-resolved
MADISON STREET PROPERTIES INC
Entity
Free & Clear · 0 yrs held
Mailing address
2931 E BIDDLE ST, BALTIMORE, MD 21213-3939
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.
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