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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Medical Office Space
2104 Maryland Ave Baltimore, MD 21218-5612
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US40-0169982
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1921
Construction
BRICK
Total area
40,992 SF
Lot
0.19 ac (8,400 SF)
Zoning code
C-1
APN
12-07-3609 -003
UPID
US40-0169982
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
-
REACH Health Services Medical Clinic
-
NISHANT SHAH Pediatrician Physician
-
Yngvild Olsen Pediatrician Physician
-
Sharon Bolden Counselor Community Health Centre
-
Charles Rouse Counselor Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.02M
Blend (final)
Blend
$2.98M
Owner & transaction history
Institutes For Behavior Resour · 25 yrs held
Institutes For Behavior Resour
since 2000
6 recorded transactions
Zoning & alternative use
C-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Table 10-401 Commercial Districts (C-5) - Bulk and Yard Regulations Table 11-301 Industrial District…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
726.10 ac
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
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±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
$73 / 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
$3,086,033
Assessed 2023
Previous assessed
$2,723,400
+13.3% YoY
Land market value
$134,400
Improvement market value
$3,676,900
Total market value
$3,811,300
Applied tax rate
12.0000
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
1921
Construction
BRICK
Heating
STEAM
Stories
6
Units
1
Total area
40,992 SF
Lot
0.19 ac (8,400 SF)
Zoning code
C-1
APN
12-07-3609 -003
UPID
US40-0169982
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-1 · Baltimore, MDZoning C-1 · permitted uses
C-1 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Table 10-401 Commercial Districts (C-5) - Bulk and Yard Regulations Table 11-301 Industrial Districts - Permitted and Conditional Uses Table 11-401 Industrial Districts - Bulk and Yar
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
726.10 ac
Building & site characteristics
From public records
Year built
1921
Construction
BRICK
Heating
STEAM
Stories
6
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Institutes For Behavior Resour
Individual
Mailing address
2104 MARYLAND AVE FL, BALTIMORE, MD 21218-5612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2004
—
Institutes Of Behavior Resources In
—
Trustees Deed
related
$765,000 · Waypoint Bank
Dec 15, 2000
$375,000
Institutes For Behavior Resour
Seidel,robert J
Grant Deed
$350,000 · Seller
—
—
Institutes For Behavior Rsrcs
—
Deed Of Trust
related
$1,275,000 · Sovereign Bank
—
—
Institutes Of Behavior Resources
—
Deed Of Trust
related
$1,177,905 · Sovereign Bank
—
—
Institutes For Behavior Rsrcs
—
Deed Of Trust
related
$1,663,858 · Bank Of America
—
—
Institutes Of Behavior Resources In
—
Deed Of Trust
related
$250,000 · Waypoint Bank
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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