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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Medical Office Space
4151 Park Hts Ave Baltimore, MD 21215-6730
Individually Owned
21-yr Hold
Free & Clear
Property ID
US40-2406237
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
15,680 SF
Lot
2.36 ac (102,802 SF)
Zoning code
R-6
APN
15-33-3307 -019
UPID
US40-2406237
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
-
Park Heights Community Health Social Service Agency
-
Park Heights Community Garden Community Garden
-
Leaders of a Beautiful Struggle Association / Organization
-
Jackson Danna L Counselor
-
Park West Health Systems Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$1.88M
Owner & transaction history
Park Heights Community Health Al · 21 yrs held
Park Heights Community Health Al
since 2004
4 recorded transactions
Zoning & alternative use
R-6 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-6 Garden Rowhouse Residential Zoning District is intended for primarily low density rowhouse neighborhoods that reflect a naturalistic environment typified by open and landscaped front yards of buildings that are set back and that contain stoops and porches oriented to those yards.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
6,277.01 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$2.9M
+26.0%
Warehouse, storage
$2.4M
+4.7%
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
$2,280,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,870,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,385,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,185,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,045,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±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
$120 / 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
$1,992,700
Assessed 2023
Previous assessed
$2,046,500
-2.6% YoY
Assessed land
$118,000
Assessed improvement
$1,874,700
Land market value
$118,000
Improvement market value
$1,874,700
Total market value
$1,992,700
Applied tax rate
15.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Total area
15,680 SF
Lot
2.36 ac (102,802 SF)
Zoning code
R-6
APN
15-33-3307 -019
UPID
US40-2406237
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-6 · Baltimore, MDZoning R-6 · permitted uses
R-6 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-6 Garden Rowhouse Residential Zoning District is intended for primarily low density rowhouse neighborhoods that reflect a naturalistic environment typified by open and landscaped front yards of buildings that are set back and that contain stoops and porches oriented to those yards.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
6,277.01 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Park Heights Community Health Al
Individual
Free & Clear · 21 yrs held
Mailing address
3901 PARK HTS AVE, BALTIMORE, MD 21215-7013
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
—
Park Heights Cmnty Health Alliancve
—
Deed
related
$131,109 · The Harbor Bank Of Maryland
Nov 1, 2004
$42
Park Heights Community Health Al
Department Of Housing & Community
Grant Deed
related
—
—
—
Heights Cmnty Health Alli Park
—
Deed Of Trust
related
$156,270 · Harbor Bank Of Maryland
—
—
Park Heights Community Health
—
Deed Of Trust
related
$160,000 · Harbor Bank Of Maryland
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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