Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3855 Greenspring Ave Baltimore, MD 21211-3300

    • Assisted living facilities
    • 66,000 SF
    • 0.00 lot acres
    OFF-MARKET
    Last Sale
    Apr 16, 2025
    $1,900,000
    Value Estimations
    $1,895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0917584
    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

    • Lamplight Inn of Baltimore / Nursing Home / Retirement Community
    • Lamplight Inn / Nursing Home / Retirement Community
    • Holly Fredrickson / Physician
    • Yvette A. Trotman, Cota / Physician
    • Edgecombe School / High School

    Property Details for 3855 Greenspring Ave

    Year built
    1999
    Construction
    STONE
    Lot size
    0.00 lot acres
    Property size
    66,000 SF
    Zone code
    H
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    13-04-3357G-002A
    APU
    13043357G002A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,885,000

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $3,155,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6543
    Latitude
    39.3358
    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
    $199,374
    $0.00
    $0.00
    $8,448,067
    -
    $1,453,000
    $12,269,200
    $13,722,200

    Comparable in this City

    • Value Estimation
      $1,255,000
      6,448 SF

      3301 Chestnut Ave

      MEDICAL BUILDING • 6,448 SF
      3301 Chestnut Ave, Baltimore, MD 21211
      View Details
    • Value Estimation by Request
      150 SF

      720 36th St

      MEDICAL BUILDING • 150 SF
      720 36th St, Baltimore, MD 21211-2505
      View Details
    • Value Estimation by Request
      1,024 SF

      4419 Fls Rd Ste D

      MEDICAL BUILDING • 1,024 SF
      4419 Fls Rd Ste D, Baltimore, MD 21211-1296
      View Details
    • Value Estimation
      $11,335,000
      57,690 SF

      830 40th St

      HOSPITAL - PRIVATE • 57,690 SF
      830 40th St, Baltimore, MD 21211-2116
      View Details
    • Value Estimation by Request
      2,600 SF

      3996 Roland Ave

      Medical space • 2,600 SF
      3996 Roland Ave, Baltimore, MD 21211
      View Details
    • Value Estimation by Request
      2,221 SF

      848 36th St

      MEDICAL BUILDING • 2,221 SF
      848 36th St, Baltimore, MD 21211-2544
      View Details

    Similar Nearby for Sale

    • $339,900

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      1216 W 37Th St W, Baltimore, MD 21211
      View Details
    • $400,000

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      623 W 33Rd St, Baltimore, MD 21211
      View Details
    • $199,900
      1,400 SF

      Charming Brick Row Home

      Traditional Greenspring home with modern kitchen, finished basement, and parking.
      3834 Greenspring Ave, Baltimore, MD 21211
      View Details
    • $389,800

      Keswick Road Specialty Property For Sale

      Specialty property available for purchase on Keswick Road.
      3540 Keswick Rd, Baltimore, MD 21211
      View Details
    • $399,000

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      2917 Cresmont Ave, Baltimore, MD 21211
      View Details
    • Contact for pricing
      4,600 SF

      Baltimore City Industrial Site

      Industrial site for sale in Baltimore City with I-1 zoning.
      1620 W 41St St, Baltimore, MD 21211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,883 SF

      Baltimore Office Space For Rent

      Office spaces available with on-site amenities and convenient location.
      711 W 40Th St, Baltimore, MD 21211
      View Details
    • Contact for pricing
      1,600 SF

      Freestanding Retail Building on Falls

      Freestanding retail building with high visibility on Falls Road.
      4531 Falls Rd, Baltimore, MD 21211
      View Details
    • $12 SF/Yr
      14,282 SF

      Baltimore Industrial Manufacturing Space

      14,282 SF Manufacturing Building in Hampden
      3106 Elm Ave, Baltimore, MD 21211
      View Details
    • $23 SF/Yr

      Retail Space with Parking

      Retail space available with parking and loading dock access.
      3700 Falls Rd, Baltimore, MD 21211
      View Details
    • $24 SF/Yr
      504 SF

      Office Space in Baltimore

      Office space for rent featuring commuter rail and on-site management.
      2002 Clipper Park Rd, Baltimore, MD 21211
      View Details
    • Contact for pricing
      6,000 SF

      Prime Retail Space in Hampden

      6,000 SF retail space in Baltimore's Hampden neighborhood.
      914 W 36Th St, Baltimore, MD 21211
      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.
    3855 Greenspring Ave
    Baltimore, MD 21211-3300
    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!