Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2104 Maryland Ave Baltimore, MD 21218-5612

    • Medical Office Space
    • 40,992 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $2,975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0169982
    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

    • REACH Health Services / Medical Clinic
    • NISHANT SHAH / Pediatrician / Physician
    • Yngvild Olsen / Pediatrician / Physician
    • Sharon Bolden / Counselor / Community Health Centre
    • Charles Rouse / Counselor / Psychologist

    Property Details for 2104 Maryland Ave

    Year built
    1921
    Construction
    BRICK
    Lot size
    0.19 lot acres
    Property size
    40,992 SF
    Zone code
    C-1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    12-07-3609 -003
    APU
    12073609003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,016,000
      Market price range: $2.68M - $11.1M
      AI Estimate
      $1,929,000
      Market price range: $917k - $5.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6185
    Latitude
    39.3135
    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
    $0.00
    $0.00
    $0.00
    $3,086,033
    -
    $134,400
    $3,676,900
    $3,811,300

    Comparable in this City

    • Value Estimation by Request
      5,558 SF

      3028 Greenmount Ave

      MEDICAL BUILDING • 5,558 SF
      3028 Greenmount Ave, Baltimore, MD 21218-3938
      View Details
    • Value Estimation by Request
      945 SF

      5 21st St

      MEDICAL BUILDING • 945 SF
      5 21st St, Baltimore, MD 21218
      View Details
    • Value Estimation by Request
      2,760 SF

      2116 Maryland Ave

      MEDICAL BUILDING • 2,760 SF
      2116 Maryland Ave, Baltimore, MD 21218-5612
      View Details
    • Value Estimation by Request
      2,083 SF

      3101 Charles St

      MEDICAL BUILDING • 2,083 SF
      3101 Charles St, Baltimore, MD 21218
      View Details
    • Value Estimation
      $6,775,000
      98,496 SF

      3310 Calvert St

      MEDICAL BUILDING • 98,496 SF
      3310 Calvert St, Baltimore, MD 21218
      View Details
    • Value Estimation
      $1,400,000
      7,126 SF

      2514 Greenmount Ave

      MEDICAL BUILDING • 7,126 SF
      2514 Greenmount Ave, Baltimore, MD 21218
      View Details

    Similar Nearby for Sale

    • $200,000
      2,650 SF

      Baltimore Office Condo - $200K

      Spacious Office Condo, Prime Location
      3601 Greenway, Baltimore, MD 21218
      View Details
    • $220,000

      Four-Level Mixed-Use Building

      Mixed-use building in high-traffic location with retail and residential.
      500 23Rd St E, Baltimore, MD 21218
      View Details
    • $595,000

      Well-Maintained Office Building Investment

      Three-story office building with separately metered units for sale.
      2114 N Charles St, Baltimore, MD 21218
      View Details
    • $575,000

      Updated Commercial Building in Baltimore

      Historic charm meets modern functionality in prime Charles Village location.
      34 E 25Th St, Baltimore, MD 21218
      View Details
    • Contact for pricing
      8,157 SF

      Corner Property Near Johns Hopkins

      Prime corner property suitable for office, investment, or redevelopment.
      21 W 25Th St, Baltimore, MD 21218
      View Details
    • $995,000
      9,755 SF

      Prime Charles Village Multifamily

      7-unit building, high NOI, strong cap rate.
      38 25Th St, Baltimore, MD 21218
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,675 SF

      Retail and Medical Office Space

      Retail and medical office space in vibrant Stadium Place.
      1100 E 33Rd St, Baltimore, MD 21218
      View Details
    • $1,500 /Mo

      Baltimore City Office/Retail Space

      Bilevel office/retail space with parking in Baltimore's arts district.
      2414 Saint Paul St, Baltimore, MD 21218
      View Details
    • $1,500 /Mo

      Prime Retail/Office Space in Baltimore

      Bilevel commercial space with parking in Baltimore's arts district.
      2414 Saint Paul St, Baltimore, MD 21218
      View Details
    • $16 SF/Yr

      Baltimore Office Space For Lease

      53,200 sqft office space available for lease.
      1900 N Howard St, Baltimore, MD 21218
      View Details
    • Contact for pricing
      2,250 SF

      Office Space for Rent

      2,250 SF office space available for rent.
      2507 N Howard St, Baltimore, MD 21218
      View Details
    • Contact for pricing

      Commercial Space in Old Goucher

      Commercial space in a vibrant, accessible Baltimore location.
      10 W 22Nd St, Baltimore, MD 21218
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2104 Maryland Ave
    Baltimore, MD 21218-5612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!