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Property profile & analytics
OFF-MARKET
Estimated value
$6,845,000
Hospitals
4669 Fls Rd Baltimore, MD 21209-4914
Individually Owned
18-yr Hold
Free & Clear
Property ID
US40-1105662
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1996
Construction
BRICK
Total area
58,380 SF
Lot
2.73 ac (119,005 SF)
Zoning code
R-5
APN
27-16-4912 -013
UPID
US40-1105662
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
-
Sarah Freburger Physician
-
Richard Addo Physician
-
Roland Park Rehabilitation and Healthcare Center Nursing Home
-
ProMedica Skilled Nursing and Rehabilitation (Roland Park) Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.24M
Blend (final)
Blend
$6.85M
Owner & transaction history
Manor Care Maryland Proper Hcr · 18 yrs held
Manor Care Maryland Proper Hcr
since 2008
2 recorded transactions
Zoning & alternative use
R-5 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-5 Transitional Residential Zoning District is intended for those areas that facilitate a transition from primarily single-family neighborhoods to neighborhoods that contain a wider mix of housing types.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
3,858.20 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$10.7M
+26.0%
Commercial (general)
$9.6M
+13.5%
Warehouse, storage
$8.9M
+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
$8,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,690,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,625,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$8,880,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$8,130,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$6.85M
Range $6.16M – $7.53M · ±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
$117 / 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
$167,650
Tax year 2023
Assessed value
$7,103,800
Assessed 2023
Previous assessed
$7,613,900
-6.7% YoY
Effective rate
2.36%
On assessed value
Land market value
$833,000
Improvement market value
$6,572,700
Total market value
$7,405,700
Applied tax rate
27.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
3
Units
1
Total area
58,380 SF
Lot
2.73 ac (119,005 SF)
Zoning code
R-5
APN
27-16-4912 -013
UPID
US40-1105662
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-5 · Baltimore, MDZoning R-5 · permitted uses
R-5 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-5 Transitional Residential Zoning District is intended for those areas that facilitate a transition from primarily single-family neighborhoods to neighborhoods that contain a wider mix of housing types.
Zone name
Row House And Multifamily Residential
General category
RESIDENTIAL
Zone area
3,858.20 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$9.6M
WAREHOUSE, STORAGE
Est. value
$8.9M
RETAIL STORES
Est. value
$8.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1996
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
Manor Care Maryland Proper Hcr
Individual
Free & Clear · 18 yrs held
Mailing address
PO BOX 10086, TOLEDO, OH 43699-0086
Ownership since
2008
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
Feb 3, 2017
—
Hcp Maryland Properties LLC
—
Grant Deed
related
$1,100,000,000 · Barclays Bk/plc
Jan 30, 2008
—
Manor Care Maryland Proper Hcr
Roland Park Nursing Center INC
Grant Deed
related
—
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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