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Property profile & analytics
OFF-MARKET
Hospitals
509 Joppa Rd Baltimore, MD 21286-5404
Entity Owned
~
Est. High Equity
Property ID
US40-1312461
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1965
Construction
BRICK
Total area
41,370 SF
Lot
1.21 ac (52,708 SF)
Zoning code
RO
APN
09-0919716710
UPID
US40-1312461
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
-
Towson Rehabilitation and Healthcare Center Nursing Home
-
Skilled Nursing Facilities Medical Clinic
-
LegoMania (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
ProMedica Skilled Nursing and Rehabilitation (Towson) Nursing Home
-
Health Care Services Group Inc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
509 East Joppa Road Realty LLC
509 East Joppa Road Realty LLC
since 2026
Last sale
$23.7M
5 recorded transactions
Zoning & alternative use
RO · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$50,983
Tax year 2023
Assessed value
$5,598,800
Assessed 2023
Previous assessed
$5,900,000
-5.1% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,844,700
Assessed improvement
$3,754,100
Land market value
$1,844,700
Improvement market value
$3,754,100
Total market value
$5,598,800
Applied tax rate
9.0000
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
1965
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
41,370 SF
Lot
1.21 ac (52,708 SF)
Zoning code
RO
APN
09-0919716710
UPID
US40-1312461
Jurisdiction
BALTIMORE
Zoning & alternative use
RO · Baltimore, MDZoning RO · permitted uses
RO · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
509 East Joppa Road Realty LLC
Entity
Mailing address
PO BOX 10086, TOLEDO, OH 43699-0086
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
$23,698,095
509 East Joppa Road Realty LLC
Hcp Maryland Properties LLC
Deed
—
Jan 13, 2026
$23,698,095
509 East Joppa Road Realty LLC
Hcp Maryland Properties LLC
Special Warranty Deed
$70,000,000 · Vnb New York LLC
Feb 3, 2017
—
Hcp Maryland Properties LLC
—
Grant Deed
related
$1,100,000,000 · Barclays Bk/plc
Jan 30, 2008
—
Hcr Manor Care Maryland
Stewall Corp
Deed
$300,000,000 · Jpmorgan Chase Bank NA
—
—
Patrick Monaghan
—
Deed Of Trust
related
$66,000 · Carrollton Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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