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    200 Pratt St Baltimore, MD 21202-6103

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    Property profile & analytics

    200 Pratt St Baltimore, MD 21202-6103

    View on Map
    • Super regional malls
    • 260,061 SF
    • 16.91 lot acres
    Off-Market
    Property ID
    US40-1200357
    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.
    Value Estimations
    $24,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotel Ventures Inc / (Bike/Boat/Book/etc) Store
    • Top Memory Upgrade Baltimore / Computer & Electronic Repair
    • Drip Depot Jewelers / (Bike/Boat/Book/etc) Store
    • Thrive Internet Marketing Agency / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Yet Analytics / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 200 Pratt St

    Year built
    1981
    Construction
    BRICK
    Lot size
    16.91 lot acres
    Property size
    260,061 SF
    Zone code
    C-5DC
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    04-11-0673 -004
    APU
    4110673004

    Description

    Spaces Harborplace Gallery offers 29,935 square feet of Class A office space in Baltimore, MD, at 200 E Pratt St, zip code 21202. This multi-tenant building boasts 350 suites, with a minimum divisible space of 50 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,650 square feet are vacant. The property, located in Albany County, underwent renovations in 2019 and features elevators. The building offers a variety of office configurations, including traditional, executive, coworking, and creative office spaces, catering to diverse business needs. Its location at Baltimore's historic waterfront provides stunning views and easy access to downtown's vibrant streetscape, museums, restaurants, and cultural attractions. The modern design fosters a collaborative and inspiring work environment, perfect for professionals seeking a dynamic and connected workspace. This exceptional property provides a unique opportunity to establish a presence in a thriving business community within a landmark building. The flexible space options allow businesses of all sizes to find the perfect fit, from small startups to established companies. The building's amenities and prime location combine to create an unparalleled work experience in the heart of Baltimore.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,591,000
      Market price range: $24.6M - $66.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $39,560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6114
    Latitude
    39.2873
    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
    $295,021
    $6,500,000
    $6,000,900
    $12,500,900
    -
    $6,500,000
    $6,000,900
    $12,500,900

    Comparable in this City

    • Value Estimation
      $16,605,000
      107,916 SF

      600 Pratt St

      REGIONAL SHOPPING CENTER, MALL • 107,916 SF
      600 Pratt St, Baltimore, MD 21202-3354
      View Details
    • Value Estimation
      $1,135,000
      12,608 SF

      15 Central Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 12,608 SF
      15 Central Ave, Baltimore, MD 21202
      View Details
    • Value Estimation
      $1,755,000
      8,208 SF

      309 Exeter St

      WHOLESALE OUTLET, DISCOUNT STORE • 8,208 SF
      309 Exeter St, Baltimore, MD 21202
      View Details
    • Value Estimation by Request
      5,157 SF

      511 Old Town Mall

      WHOLESALE OUTLET, DISCOUNT STORE • 5,157 SF
      511 Old Town Mall, Baltimore, MD 21202-4191
      View Details
    • Value Estimation
      $1,695,000
      21,572 SF

      808 Guilford Ave

      SHOPPING CENTER, STRIP CENTER • 21,572 SF
      808 Guilford Ave, Baltimore, MD 21202
      View Details
    • Value Estimation
      $1,360,000
      39,328 SF

      549 Old Town Mall

      WHOLESALE OUTLET, DISCOUNT STORE • 39,328 SF
      549 Old Town Mall, Baltimore, MD 21202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Historic Skyscraper Multifamily Conversion Project

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      Redevelopment Site in Baltimore, MD

      Mixed-use redevelopment opportunity with apartments and retail space.
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    • $1,583,333
      5,717 SF

      M&T Bank Portfolio Opportunity

      Triple Net Investment Sale opportunity comprised of a 3-property portfolio.
      3401 Eastern Ave, Baltimore, MD 21202
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      4,000 SF

      Retail Space with Apartment, License

      Retail property with apartment and liquor license for sale.
      4701 Eastern Ave, Baltimore, MD 21202
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    • $995,000

      Downtown Baltimore Mixed-Use Property

      Mixed-use property with retail and office space in downtown Baltimore.
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    Similar Nearby for Lease

    • Contact for pricing
      820 SF

      Retail Space Near University

      Grocery-anchored retail space with abundant parking and on-site security.
      1203-1209 W Pratt St, Baltimore, MD 21202
      View Details
    • Contact for pricing

      Turn-Key Retail Space Available

      Prime location retail spaces with ground level access and amenities.
      10 Light St, Baltimore, MD 21202
      View Details
    • $4,500 /Mo
      3,160 SF

      Baltimore Mt. Vernon Retail/Office Space

      Highly visible retail, office, or medical space in Mt. Vernon.
      808 Guilford Ave, Baltimore, MD 21202
      View Details
    • Contact for pricing
      2,220 SF

      Restaurant Space in Central Baltimore

      Second generation restaurant space with existing infrastructure in downtown Baltimore.
      7 N Calvert St, Baltimore, MD 21202
      View Details
    • Contact for pricing
      1,868 SF

      Retail Space in Apartment Building

      1,868 SF retail space in 24-story apartment building.
      555 President St, Baltimore, MD 21202
      View Details
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    200 Pratt St
    Baltimore, MD 21202-6103
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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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