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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Medical Office Space
4340 Park Hts Ave Baltimore, MD 21215-6725
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US40-0879807
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
14,492 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C-2
APN
15-34-3305A-006
UPID
US40-0879807
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
-
Nichole Tune Physician
-
Dr. Miles G. Harrison, MD Physician
-
Jenna N. House, PA Physician
-
Maria Moyer Physician
-
Samantha Kite Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.28M
Owner & transaction history
Health Care Real Estate Ll Urban · 21 yrs held
Health Care Real Estate Ll Urban
since 2004
2 recorded transactions
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,248.59 ac
Top alternative use upside
Auto repair, garage
$3.3M
+58.8%
Restaurant
$3.3M
+56.5%
Office building
$3.0M
+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
$2,105,000
Current use
AUTO REPAIR, GARAGE
$3,345,000
Change: +59% · Conversion: Difficult
RESTAURANT
$3,295,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$2,975,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,655,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,205,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,020,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,890,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±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
$157 / 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
Tax billed
$55,860
Tax year 2023
Assessed value
$2,366,967
Assessed 2023
Previous assessed
$2,305,000
+2.7% YoY
Effective rate
2.36%
On assessed value
Land market value
$227,300
Improvement market value
$2,263,600
Total market value
$2,490,900
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
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
14,492 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C-2
APN
15-34-3305A-006
UPID
US40-0879807
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-2 · Baltimore, MDZoning C-2 · permitted uses
C-2 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.ft /du 300 sq.ft /du Residential-Care Facility (Age-Restricted) 200 sq.ft/du 200 sq
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,248.59 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RESTAURANT
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Health Care Real Estate Ll Urban
Individual
Mailing address
5010 YORK RD, BALTIMORE, MD 21212-4444
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2004
—
Health Care Real Estate Ll Urban
Seunarine,hollis
Grant Deed
$1,900,000 · Manufacturers Traders & Trust
Jun 4, 2001
$150,000
Hollis Seunarine
Baltimore City (md)
Grant Deed
$130,000 · Baltimore City (md)
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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