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

    22 Athol Ave Baltimore, MD 21229-3405

    • Hospitals
    • 50,836 SF
    • 8.03 lot acres
    OFF-MARKET
    Value Estimations
    $5,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0086803
    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

    • FutureCare - Irvington / Nursing Home
    • Dca of Baltimore / Medical Clinic
    • U.S. Renal Care / Medical Clinic

    Property Details for 22 Athol Ave

    Year built
    1935
    Construction
    BRICK
    Lot size
    8.03 lot acres
    Property size
    50,836 SF
    Zone code
    R-6
    Property type
    Hospitals
    APN
    28-05-8102H-001
    APU
    28058102H001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,378,000
      Market price range: $3.33M - $13.7M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,385,000
      Current use
      COMMERCIAL (GENERAL)
      $8,380,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $7,735,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $7,080,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.69
    Latitude
    39.2846
    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
    $97,529
    $762,500
    $3,370,100
    $4,132,600
    -
    $762,500
    $3,370,100
    $4,132,600

    Comparable in this City

    • Value Estimation
      $6,940,000
      55,075 SF

      10 Rock Gln Rd

      HOSPITAL - PRIVATE • 55,075 SF
      10 Rock Gln Rd, Baltimore, MD 21229-3250
      View Details
    • Value Estimation
      $13,225,000
      64,554 SF

      3407 Wilkens Ave

      MEDICAL BUILDING • 64,554 SF
      3407 Wilkens Ave, Baltimore, MD 21229-5072
      View Details
    • Value Estimation
      $680,000
      13,878 SF

      2 Wickham Rd

      HOMES (RETIRED, NURSING) • 13,878 SF
      2 Wickham Rd, Baltimore, MD 21229-3356
      View Details
    • Value Estimation
      $2,510,000
      3,560 SF

      3815 Wilkens Ave

      MEDICAL BUILDING • 3,560 SF
      3815 Wilkens Ave, Baltimore, MD 21229-5036
      View Details
    • Value Estimation
      $5,615,000
      31,098 SF

      1001 Pne Hts Ave

      MEDICAL BUILDING • 31,098 SF
      1001 Pne Hts Ave, Baltimore, MD 21229-5208
      View Details
    • Value Estimation
      $4,680,000
      41,280 SF

      901 Pne Hts Ave

      MEDICAL BUILDING • 41,280 SF
      901 Pne Hts Ave, Baltimore, MD 21229
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.03 Acres

      Buildable Lot in Southwest Baltimore

      Vacant lot in a transitioning area, ready for construction.
      111 S Caton Ave, Baltimore, MD 21229
      View Details
    • $155,000

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      411 Mount Holly St, Baltimore, MD 21229
      View Details
    • $174,999

      Baltimore Specialty Property for Sale

      Specialty property available in Baltimore, Maryland.
      100 Collins Ave, Baltimore, MD 21229
      View Details
    • $1,799,000

      Religious and Educational Facility

      Religious and educational facility with school, sanctuary, and parking.
      4900 Edmondson Ave, Baltimore, MD 21229
      View Details
    • $1,250,000

      Automotive Repair Facility For Sale

      Freestanding 4,200 SF automotive repair facility in Baltimore, MD.
      4010 Southwestern Blvd, Baltimore, MD 21229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,174 SF

      Prime Baltimore Medical Office Space

      Executive Suites, Medical & Traditional Offices Available
      1001 Pine Heights Ave, Baltimore, MD 21229
      View Details
    • Contact for pricing
      11,513 SF

      Retail Pad Sites Available

      Retail pad sites available in redeveloped shopping center.
      4408-4430 Edmondson Ave, Baltimore, MD 21229
      View Details
    • Contact for pricing
      2,220 SF

      Retail Space on Baltimore National

      Retail space available in a high-visibility shopping center.
      5303-5311 Baltimore National Pike, Baltimore, MD 21229
      View Details
    • Contact for pricing
      1,628 SF

      Retail Space on Baltimore National Pike

      Retail space available for lease in Catonsville, Maryland.
      5210-5526 Baltimore National Pike, Catonsville, MD 21229
      View Details
    • $18 SF/Yr

      Renovated Retail and Apartment Building

      Totally renovated property with retail and residential spaces for rent.
      4101 Wilkens Ave, Baltimore, MD 21229
      View Details
    • Contact for pricing

      Edmondson Village Retail Pad Sites

      Retail pad sites available in redeveloped Baltimore shopping center.
      4538 Edmondson Ave, Baltimore, MD 21229
      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.
    22 Athol Ave
    Baltimore, MD 21229-3405
    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!