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Property profile & analytics
OFF-MARKET
Estimated value
$13,015,000
Medical Office Space
5445 Loch Raven Blvd Baltimore, MD 21239-2937
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-1038673
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
BRICK
Total area
66,420 SF
Zoning code
H
APN
27-10-5256 -004C
UPID
US40-1038673
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
-
MedStar Health Physical Therapy at Loch Raven - Orthopedic and Hand Center Physician
-
Dr. Elise Worley Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.88M
Blend (final)
Blend
$13.02M
Owner & transaction history
Cmk2 Baltimore LLC · 8 yrs held
Cmk2 Baltimore LLC
since 2018
5 recorded transactions
Zoning & alternative use
H · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
H Hospital Campus Zoning Districts are intended to address the special needs and impacts of large-scale, multi-functional hospitals and medical campuses, including hospital-related and support service uses, such as offices and commercial uses
Zone name
Hospital Campus
General category
CIVIC_INSTITUTIONAL
Zone area
605.29 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$15.3M
+58.8%
Restaurant
$15.1M
+56.5%
Office building
$13.6M
+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
$9,650,000
Current use
AUTO REPAIR, GARAGE
$15,325,000
Change: +59% · Conversion: Difficult
RESTAURANT
$15,105,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$13,640,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,165,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,950,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$10,105,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$9,250,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$13.02M
Range $11.71M – $14.32M · ±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
$196 / 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
$188,038
Tax year 2023
Assessed value
$13,737,400
Assessed 2023
Previous assessed
$13,618,700
+0.9% YoY
Effective rate
1.37%
On assessed value
Improvement market value
$13,856,100
Total market value
$13,856,100
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
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
5
Units
1
Total area
66,420 SF
Zoning code
H
APN
27-10-5256 -004C
UPID
US40-1038673
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
H · Baltimore, MDZoning H · permitted uses
H · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
H Hospital Campus Zoning Districts are intended to address the special needs and impacts of large-scale, multi-functional hospitals and medical campuses, including hospital-related and support service uses, such as offices and commercial uses
Zone name
Hospital Campus
General category
CIVIC_INSTITUTIONAL
Zone area
605.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$15.3M
RESTAURANT
Est. value
$15.1M
OFFICE BUILDING
Est. value
$13.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$11.0M
WAREHOUSE, STORAGE
Est. value
$10.1M
RETAIL STORES
Est. value
$9.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
1
Current owner
From public records · entity-resolved
Cmk2 Baltimore LLC
Entity
Free & Clear · 8 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2018
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
Aug 14, 2018
—
Cmk2 Baltimore LLC
—
Grant Deed
related
$498,558,042 · Capital One NA
May 11, 2018
$17,700,000
Cmk2 Baltimore LLC
Baltimore 1 Medical Prop LLC
Grant Deed
related
—
Feb 4, 2009
—
Gs Assocs Lllp
—
Deed Of Trust
related
$8,600,000 · Manufacturers Traders & Trust
—
—
Baltimore I Medical Properties
—
Deed Of Trust
related
$37,224,000 · General Elec Cap
—
—
Baltimore I Medical Props LLC
—
Deed Of Trust
related
$37,224,000 · General Elec Cap
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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