Sign Up Successful!
You now have access to more from Realmo!
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

    300 Armory Pl Baltimore, MD 21201-4603

    • Medical offices
    • 45,000 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    $5,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1396275
    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

    • Carruthers Clinic / Medical Clinic
    • Camellus Ezeugwu, MD, FACC, FACP, PhD / Physician
    • Just Heart Cardiovascular Group Inc / Physician
    • Dr. Susan Feigelman / Pediatrician / Medical Clinic
    • Dr. Rebecca Carter / Pediatrician / Medical Clinic

    Property Details for 300 Armory Pl

    Year built
    1948
    Lot size
    0.55 lot acres
    Property size
    45,000 SF
    Zone code
    H
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    11-09-0501 -002
    APU
    11090501002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,156,000
      Market price range: $2.95M - $12.2M
      AI Estimate
      $3,438,000
      Market price range: $1.01M - $5.52M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $6,540,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $8,240,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $6,845,000
      Change: +5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,815,000
      Change: -11% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,425,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6205
    Latitude
    39.3007
    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
    $6,489
    $0.00
    $0.00
    $5,499,300
    -
    $1,072,200
    $4,901,500
    $5,973,700

    Comparable in this City

    • Value Estimation
      $3,675,000
      27,720 SF

      330 Howard St

      MEDICAL BUILDING • 27,720 SF
      330 Howard St, Baltimore, MD 21201-3610
      View Details
    • Value Estimation
      $1,075,000
      14,400 SF

      400 Franklin St

      MEDICAL BUILDING • 14,400 SF
      400 Franklin St, Baltimore, MD 21201-1872
      View Details
    • Value Estimation
      $620,000
      4,500 SF

      328 Howard St

      MEDICAL BUILDING • 4,500 SF
      328 Howard St, Baltimore, MD 21201-3610
      View Details
    • Value Estimation by Request
      270,632 SF

      801 Baltimore St

      MEDICAL BUILDING • 270,632 SF
      801 Baltimore St, Baltimore, MD 21201-1182
      View Details
    • Value Estimation
      $29,725,000
      249,561 SF

      110 Paca St

      MEDICAL BUILDING • 249,561 SF
      110 Paca St, Baltimore, MD 21201-1642
      View Details
    • Value Estimation
      $1,180,000
      16,188 SF

      111 Park Ave

      MEDICAL BUILDING • 16,188 SF
      111 Park Ave, Baltimore, MD 21201-3402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,472 SF

      Mixed-Use Property in South Baltimore

      24,472 SF mixed-use property with redevelopment potential.
      1834 S Charles St, Baltimore, MD 21201
      View Details
    • Contact for pricing

      Baltimore Office Building For Sale

      Office building available for purchase in Baltimore, Maryland.
      343 N Charles St, Baltimore, MD 21201
      View Details
    • $2,000,000
      0.04 Acres

      Historic Downtown Baltimore Multipurpose Building

      Five-story historic building in downtown Baltimore near Inner Harbor.
      200 W Fayette St, Baltimore, MD 21201
      View Details
    • Contact for pricing
      5,872 SF

      Baltimore Office Building For Sale

      Well-appointed office building occupied by design firm through July 2027.
      24 W Chase St, Baltimore, MD 21201
      View Details
    • $745,000

      Baltimore Specialty Property for Sale

      Specialty property available for sale in Baltimore, Maryland.
      801 Park Ave, Baltimore, MD 21201
      View Details
    • $1,195,000
      7,240 SF

      Historic Mount Vernon Mixed-Use Property

      Fully occupied, renovated mixed-use building in Baltimore's Mount Vernon neighborhood.
      825 N Charles St, Baltimore, MD 21201
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,250 SF

      Prime Medical Office Space in Mount Vernon

      2,250 SF Medical Office Suite for Lease
      300 Charles St, Baltimore, MD 21201
      View Details
    • Contact for pricing
      2,339 SF

      Renovated Office Space Near Harbor

      Recently renovated office space with parking and Inner Harbor views.
      575 S Charles St, Baltimore, MD 21201
      View Details
    • Contact for pricing
      9,786 SF

      Office Space Available For Rent

      Office spaces ranging from 500 to 18,000 SF available.
      1030 N Charles St, Baltimore, MD 21201
      View Details
    • Contact for pricing
      1,059 SF

      Office Space Available Immediately

      Office space for rent, available immediately in Baltimore, MD.
      1500 N Charles St, Baltimore, MD 21201
      View Details
    • Contact for pricing
      3,317 SF

      Secure Downtown Office Space Available

      Downtown office space with state-of-the-art security features.
      502 S Sharp St, Baltimore, MD 21201
      View Details
    • Contact for pricing
      267,478 SF

      Downtown Baltimore Executive Suites

      Prime Office & Fitness Space Available
      218 Charles St, Baltimore, MD 21201
      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.
    300 Armory Pl
    Baltimore, MD 21201-4603
    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.