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Property profile & analytics
OFF-MARKET
Medical Office Space
2116 Maryland Ave Baltimore, MD 21218-5612
Individually Owned
Free & Clear
Property ID
US40-1518792
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1900
Construction
BRICK
Total area
2,760 SF
Lot
0.06 ac (2,700 SF)
Zoning code
C-1
APN
12-07-3609 -008
UPID
US40-1518792
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
-
United Medical Care LLC Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Larry S Perry
Larry S Perry
since 2025
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$4,544
Tax year 2023
Assessed value
$192,533
Assessed 2023
Previous assessed
$167,000
+15.3% YoY
Effective rate
2.36%
On assessed value
Land market value
$81,000
Improvement market value
$162,600
Total market value
$243,600
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
1900
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
2,760 SF
Lot
0.06 ac (2,700 SF)
Zoning code
C-1
APN
12-07-3609 -008
UPID
US40-1518792
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
1900
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Larry S Perry
Individual
Free & Clear · 0 yrs held
Mailing address
501 WYNGATE RD, TIMONIUM, MD 21093-2841
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
Larry S Perry
Larry S Perry
Deed
related
—
Jun 12, 2015
—
Larry S Perry
Perry Larry S & Inez
Quit Claim Deed
related
—
Apr 26, 2006
$5
Larry S Perry
Perry,larry S & Inez B
Grant Deed
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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