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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Hospitals
2918 Glenmore Ave Baltimore, MD 21214-1708
Entity Owned
24-yr Hold
Property ID
US40-0219848
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1995
Total area
6,654 SF
Lot
0.34 ac (15,000 SF)
Zoning code
R-3
APN
27-05-5416A-007
UPID
US40-0219848
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
-
Alliance Inc Insurance Agency
-
Sunday Ayodeji Physician
-
Community Housing Associates Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.10M
Owner & transaction history
Glenmore Housing INC · 24 yrs held
Glenmore Housing INC
since 2002
2 recorded transactions
Zoning & alternative use
R-3 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Districts - Permitted and Conditional Uses Baltimore City Code Table 8-301 Detached and Semi-Detached Residential Districts - Permitted and Conditional Uses Uses Districts Use Standards R-1A R-1B R-1C R-1D R-1E R-1 R-2 R-3 R-4 Residential Bed and Breakfast CB CB CB CB CB CB CB CB CB Day-Care Home: Adult or Child P P P P P P P P P Per §14-310 Dwelling: Detach…
Zone name
Detached Residential
General category
RESIDENTIAL
Zone area
4,168.85 ac
Top alternative use upside
Auto repair, garage
$1.5M
+58.8%
Restaurant
$1.5M
+56.5%
Office building
$1.4M
+41.3%
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
MEDICAL BUILDING
$965,000
Current use
AUTO REPAIR, GARAGE
$1,535,000
Change: +59% · Conversion: Difficult
RESTAURANT
$1,515,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$1,365,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,220,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,095,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$1,010,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$925,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$165 / 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
$1,140,067
Assessed 2023
Previous assessed
$1,075,833
+6.0% YoY
Land market value
$150,000
Improvement market value
$1,054,300
Total market value
$1,204,300
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
2
Total area
6,654 SF
Lot
0.34 ac (15,000 SF)
Zoning code
R-3
APN
27-05-5416A-007
UPID
US40-0219848
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-3 · Baltimore, MDZoning R-3 · permitted uses
R-3 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Districts - Permitted and Conditional Uses Baltimore City Code Table 8-301 Detached and Semi-Detached Residential Districts - Permitted and Conditional Uses Uses Districts Use Standards R-1A R-1B R-1C R-1D R-1E R-1 R-2 R-3 R-4 Residential Bed and Breakfast CB CB CB CB CB CB CB CB CB Day-Care Home: Adult or Child P P P P P P P P P Per §14-310 Dwelling: Detached P P P P P P P P P Dwelling: Semi-Detached P P Home Occupation P P P P P P P P P
Zone name
Detached Residential
General category
RESIDENTIAL
Zone area
4,168.85 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$925,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Glenmore Housing INC
Entity
Mailing address
2918 GLENMORE AVE, BALTIMORE, MD 21214-1708
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2002
$331,200
Glenmore Housing INC
Community Housing Assoc INC
Grant Deed
$331,200 · Hud
Feb 28, 2001
$350,000
Community Housing Assoc INC
Glenmore Housing INC
Grant Deed
—
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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