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

    2801 Foster Ave Baltimore, MD 21224

    • Medical Office Space
    • 7,140 SF
    • 1.00 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2279082
    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

    • Amazon Locker - Malakan / Postal Service / Courier Service
    • MedStar Health: Heart and Vascular at Patterson Park Medical Building / Medical Clinic
    • Coinhub Bitcoin ATM Teller / Atm
    • higi / Physician
    • Quoc an T. Nguyen, PharmD / Pharmacy

    Property Details for 2801 Foster Ave

    Year built
    1965
    Construction
    BRICK
    Lot size
    1.00 lot acres
    Property size
    7,140 SF
    Zone code
    R-8
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    01-12-1859 -001
    APU
    1121859001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,325,000
      Market price range: $468k - $1.93M
      AI Estimate
      $636,000
      Market price range: $160k - $877k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,040,000
      Current use
      RESTAURANT
      $1,420,000
      Change: +37% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,310,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,085,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,040,000
      Change: +0% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $925,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5767
    Latitude
    39.2837
    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
    $24,044
    $722,500
    $296,300
    $1,018,800
    -
    $722,500
    $296,300
    $1,018,800

    Comparable in this City

    • Value Estimation by Request
      2,256 SF

      3717 Eastern Ave

      MEDICAL BUILDING • 2,256 SF
      3717 Eastern Ave, Baltimore, MD 21224-4208
      View Details
    • Value Estimation
      $14,790,000
      98,200 SF

      301 Mason Lord Dr

      MEDICAL BUILDING • 98,200 SF
      301 Mason Lord Dr, Baltimore, MD 21224-3057
      View Details
    • Value Estimation by Request
      6,882 SF

      2311 Orleans St

      MEDICAL BUILDING • 6,882 SF
      2311 Orleans St, Baltimore, MD 21224-1020
      View Details
    • Value Estimation by Request
      3,150 SF

      3715 Eastern Ave

      MEDICAL BUILDING • 3,150 SF
      3715 Eastern Ave, Baltimore, MD 21224-4208
      View Details
    • Value Estimation
      $1,315,000
      13,274 SF

      1050 Northpoint Rd

      MEDICAL BUILDING • 13,274 SF
      1050 Northpoint Rd, Baltimore, MD 21224-3329
      View Details
    • Value Estimation by Request
      4,446 SF

      3808 Eastern Ave

      MEDICAL BUILDING • 4,446 SF
      3808 Eastern Ave, Baltimore, MD 21224-4221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,400 SF

      Move-in Ready Highlandtown Office Building

      Two-story office building with on-site parking in Highlandtown.
      3200 Eastern Ave, Baltimore, MD 21224
      View Details
    • Contact for pricing

      Move-in Ready Highlandtown Office Building

      Renovated office building with parking in convenient Highlandtown location.
      3200 Eastern Ave, Baltimore, MD 21224
      View Details
    • $699,000
      6,220 SF

      Highlandtown Mixed-Use Property For Sale

      Versatile property in Baltimore's Highlandtown Arts District.
      244 S Highland Ave, Baltimore, MD 21224
      View Details
    • Contact for pricing
      11,000 SF

      Baltimore Warehouse Property for Sale

      11,000 sqft warehouse property available in Baltimore, MD.
      1000 S Linwood Ave, Baltimore, MD 21224
      View Details
    • $1,250,000
      0.06 Acres

      Highlandtown Office Building with Parking

      Move-in ready office space with parking in Baltimore's Highlandtown.
      3200 Eastern Ave, Baltimore, MD 21224
      View Details
    • $4,900,000

      Biomedical Research Office and Laboratory

      77,225 SF biomedical research office and laboratory building for sale.
      6411 Beckley St, Baltimore, MD 21224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Medical Office with Aqua Therapy

      Medical office space featuring an existing aqua therapy pool.
      3700 Fleet St, Baltimore, MD 21224
      View Details
    • Contact for pricing

      Charming Broom Factory Conversion

      Adaptive reuse property with exposed brick, wood floors, and modern amenities.
      3500 Boston St, Baltimore, MD 21224
      View Details
    • $4,150 /Mo
      1,307 SF

      Historic Canton Square Office Space

      Office space in a renovated building with high traffic exposure.
      2938 O'donnell St, Baltimore, MD 21224
      View Details
    • $7,200 /Mo

      Renovated Flex Space in Baltimore Highlands

      First-floor, 4800 SF flex space in renovated industrial building.
      1 N Haven St, Baltimore, MD 21224
      View Details
    • Contact for pricing

      Modern Versatile Space For Lease

      Modern space for lease in a convenient Baltimore location.
      3211 Eastern Ave, Baltimore, MD 21224
      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.
    2801 Foster Ave
    Baltimore, MD 21224
    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!