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Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
Office buildings
2601 Howard St, Baltimore, MD 21218-4666
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US40-1279951
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1874
Construction
BRICK
Total area
33,258 SF
Lot
0.88 ac (38,202 SF)
Zoning code
OR-2
APN
12-03-3638 -001
UPID
US40-1279951
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
-
Center for Family Services Medical Clinic
-
Villa Maria Continuum Crisis Center Medical Clinic
-
CollegeBound Foundation Charitable Organization Social Service Agency
-
The Residences at Miller’s Court Apartment Building
-
ACTION IN MATURITY Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$5.80M
Owner & transaction history
Small Point LLC · 18 yrs held
Small Point LLC
since 2007
7 recorded transactions
Zoning & alternative use
OR-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.7M
+105.7%
Restaurant
$7.6M
+102.8%
Neighborhood: shopping center
$6.1M
+63.3%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,730,000
Current use
AUTO REPAIR, GARAGE
$7,675,000
Change: +106% · Conversion: Difficult
RESTAURANT
$7,565,000
Change: +103% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,090,000
Change: +63% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,060,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$4,835,000
Change: +30% · Conversion: Easy
RETAIL STORES
$4,635,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,300,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±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
$174 / 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
Tax billed
$139,810
Tax year 2023
Assessed value
$5,711,800
Assessed 2024
Previous assessed
$5,924,167
-3.6% YoY
Effective rate
2.45%
On assessed value
Land market value
$687,600
Improvement market value
$5,307,100
Total market value
$5,994,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1874
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
40
Total area
33,258 SF
Lot
0.88 ac (38,202 SF)
Zoning code
OR-2
APN
12-03-3638 -001
UPID
US40-1279951
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
OR-2 · Baltimore, MD
Zoning OR-2 · permitted uses
OR-2 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RESTAURANT
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1874
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
40
Lot
0.88 ac
Current owner
From public records · entity-resolved
Small Point LLC
Entity
Mailing address
301 W 29TH ST #2002, BALTIMORE, MD 21211-2960
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2008
—
Small Point LLC
—
Deed Of Trust
related
$2,000,000 · Howard Bank
Oct 31, 2007
$2,500,000
Small Point LLC
Sher,joel L
Grant Deed
$2,890,000 · Howard Bank
Nov 15, 2002
$1,000,000
Census Building LLC
Dab-206 North Howard LP
Grant Deed
$1,117,120 · Rocketts View Scp LP
—
—
Small Point LLC
—
Deed Of Trust
related
$700,000 · Housing & Cmnty Dev Dept
—
—
Census Building
—
Deed Of Trust
related
$100,000 · Martin S Lee
—
—
Small Point LLC
—
Deed Of Trust
related
$6,000,000 · Td Bk NA
—
—
Census Building LP
—
Deed Of Trust
related
$2,982,780 · United Housing LLC
—
—
Census Building LP
—
Deed Of Trust
related
$10,875,000 · First Mariner Bank
—
—
Census Building LP
—
Deed Of Trust
related
$500,000 · Richard J Robbins
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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