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Property profile & analytics
OFF-MARKET
Estimated value
$39,530,000
Office buildings
401 Pratt St, Baltimore, MD 21202-3117
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0886125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
BRICK
Total area
416,884 SF
Lot
1.02 ac (44,561 SF)
Zoning code
C-5IH
APN
22-01-0890 -004
UPID
US40-0886125
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
-
Travel Traders (Bike/Boat/Book/etc) Store
-
Maryland Regional Production Guide Film Production Television Studio
-
Maryland Port Administration State Government Office
-
Jimmy John's Take-out & Catering Catering Service
-
Haks Engineers Inc Civil Engineer Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$43.75M
Blend (final)
Blend
$39.53M
Owner & transaction history
Baltimore Hotel Corpoation · 8 yrs held
Baltimore Hotel Corpoation
since 2017
1 recorded transaction
Zoning & alternative use
C-5IH · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$63.4M
+29.6%
Medical building
$60.6M
+23.8%
Apartment house (5+ units)
$53.9M
+10.1%
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
$48,930,000
Current use
WAREHOUSE, STORAGE
$63,415,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$60,575,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$53,885,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$39.53M
Range $35.58M – $43.48M · ±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
$95 / 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
$56,844,400
Assessed 2023
Previous assessed
$56,844,400
+0.0% YoY
Assessed land
$13,368,300
Assessed improvement
$43,476,100
Land market value
$13,368,300
Improvement market value
$43,476,100
Total market value
$56,844,400
Applied tax rate
22.0000
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
1977
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
30
Units
1
Total area
416,884 SF
Lot
1.02 ac (44,561 SF)
Zoning code
C-5IH
APN
22-01-0890 -004
UPID
US40-0886125
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5IH · Baltimore, MD
Zoning C-5IH · permitted uses
C-5IH · 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
$48.9M
WAREHOUSE, STORAGE
Est. value
$63.4M
MEDICAL BUILDING
Est. value
$60.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$53.9M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1977
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
30
Units
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Baltimore Hotel Corpoation
Individual
Mailing address
401 E PRATT ST STE #2000, BALTIMORE, MD 21202-3017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2017
—
Baltimore Hotel Corpoation
—
Deed
related
$300,940 · Mayor And City Council Of Baltimor
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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