500 E Pratt St Baltimore, MD 21202
Property profile & analytics
500 E Pratt St Baltimore, MD 21202
- Office buildings
- 304,850 SF
- 1.09 lot acres
Property ID
US40-1305061
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.
Location Intelligence
Current Use by Public Records
- PBMares, LLP / Accounting Firm
- Satisky Sheldon S / Law Firm
- Kevin E. Wesner - UBS Financial Services Inc. / Financial Advisor
- The Capital Grille / Restaurant
- Quantum Wealth Management - UBS Financial Services Inc. / Financial Advisor
Property Details for 500 E Pratt St
- Year built
- 2005
- Lot size
- 1.09 lot acres
- Property size
- 304,850 SF
- Zone code
- C-5DC
- Property type
- Office buildings
- APN
- 04-11-1384 -002A
- APU
- 04111384002A
Description
500 East Pratt Street offers 304,850 square feet of Class A+ office space in Baltimore's desirable Pratt Street Corridor. This thirteen-story, single building boasts stunning Inner Harbor views and is conveniently located near major highways (I-83, I-395/I-95), public transportation (Amtrak, MARC, and local transit), and a wealth of amenities. The building features a 1.09-acre site, 724 parking spaces (a 2.5:1,000 sq ft ratio), and elevators. On-site conveniences include a Capital Grille, Corner Bakery Café, a tenant lounge, fitness studio with Peloton bikes, meditation rooms, and a new video wall. Security is enhanced with 24/7 monitoring and Bluetooth-enabled entry. The building's efficient floor plates (24,000 sq ft), 30' x 30' column spacing, and ceiling heights ranging from 9'6" to over 11 feet cater to a variety of business needs. Multiple tenancy options are available, ranging from 2,553 to 24,938 square feet. Built in 2004, this property is zoned for Downtown Commercial Business and boasts a Walk Score of 95, Transit Score of 87, and Bike Score of 83. The building's high-profile tenant roster includes prominent firms in various sectors. This is a truly exceptional opportunity in a vibrant and accessible location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $75,345,000
- 6.5%
- $69,550,000
- 7%
- $64,585,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $54,196,000
- AI Estimate
- $31,994,000
Market price range: $19.2M - $54.2MMarket price range: $9.97M - $32.0M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $35,780,000 Current use
- AUTO REPAIR, GARAGE
- $70,340,000 Change: +97% Conversion: Difficult
- RESTAURANT
- $69,325,000 Change: +94% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $55,830,000 Change: +56% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $50,265,000 Change: +40% Conversion: Easy
- WAREHOUSE, STORAGE
- $46,375,000 Change: +30% Conversion: Difficult
- MEDICAL BUILDING
- $44,300,000 Change: +24% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $39,405,000 Change: +10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6082
- Latitude
- 39.2871
- 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
$56,401
$4,752,300
$45,605,500
$50,357,800
-
$4,752,300
$45,605,500
$50,357,800
