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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Medical Office Space
2401 Belvedere Ave Baltimore, MD 21215-5216
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0107068
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1957
Construction
BRICK
Total area
60,166 SF
Lot
28.88 ac (1,258,013 SF)
Zoning code
H
APN
27-19-4747F-001
UPID
US40-0107068
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
-
Subway Take-out & Catering Catering Service
-
Sinai Hospital Physical Medicine And Rehabilitation Hospital
-
Sinai Hospital -Lively Hilda A Hospital
-
Sinai Hospital of Baltimore - Department of Radiology Medical Clinic
-
LIFEBRIDGE HEALTH Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Sinai Hospital Of Baltimoe INC · 2 yrs held
Sinai Hospital Of Baltimoe INC
since 2024
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
H · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
H Hospital Campus Zoning Districts are intended to address the special needs and impacts of large-scale, multi-functional hospitals and medical campuses, including hospital-related and support service uses, such as offices and commercial uses
Zone name
Hospital Campus
General category
CIVIC_INSTITUTIONAL
Zone area
605.29 ac
Source
Realmo
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
$1,185,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.19M (Apr 10 2024)
Last sale anchor
$1.19M
Apr 10 2024
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
$20 / 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
$173,968,833
Assessed 2023
Previous assessed
$173,968,833
+0.0% YoY
Land market value
$7,649,600
Improvement market value
$169,270,600
Total market value
$176,920,200
Applied tax rate
27.0000
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
1957
Construction
BRICK
Heating
YES
Cooling
YES
Stories
9
Units
2
Total area
60,166 SF
Lot
28.88 ac (1,258,013 SF)
Zoning code
H
APN
27-19-4747F-001
UPID
US40-0107068
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
H · Baltimore, MDZoning H · permitted uses
H · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
H Hospital Campus Zoning Districts are intended to address the special needs and impacts of large-scale, multi-functional hospitals and medical campuses, including hospital-related and support service uses, such as offices and commercial uses
Zone name
Hospital Campus
General category
CIVIC_INSTITUTIONAL
Zone area
605.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1957
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
9
Units
2
Lot
28.88 ac
Current owner
From public records · entity-resolved
Sinai Hospital Of Baltimoe INC
Entity
Free & Clear · 2 yrs held
Mailing address
2401 W BELVEDERE AVE #13, BALTIMORE, MD 21215-5216
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Apr 10, 2024
$1,185,858
Sinai Hospital Of Baltimoe INC
Associated Jewish Charities Of Balt
Special Warranty Deed
—
Jun 23, 2008
—
Sinai Hospital Of Baltimore INC
—
Deed Of Trust
related
$285,815,000 · Maryland Health & Higher Educa
—
—
Sinai Hospital Of Baltimore In
—
Deed Of Trust
related
$111,805 · Maryland Health & Higher Educa
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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