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Property profile & analytics
OFF-MARKET
Estimated value
$17,500,000
Medical Office Space
550 Broadway Baltimore, MD 21205-2020
Individually Owned
Free & Clear
Property ID
US40-2412719
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
BRICK
Total area
114,400 SF
Lot
0.93 ac (40,293 SF)
Zoning code
H
APN
07-09-1290 -031
UPID
US40-2412719
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
-
Marion Burk Knott Campus Church
-
John Hopkkins Hospital Hospital
-
JHM Corporate Security Security Service
-
Broadway Services Inc Real Estate Agency
-
Gina Grinstead Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.64M
Blend (final)
Blend
$17.50M
Owner & transaction history
JOHNS HOPKINS HOSPITAL
JOHNS HOPKINS HOSPITAL
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
$26.4M
+58.8%
Restaurant
$26.0M
+56.5%
Office building
$23.5M
+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
$16,625,000
Current use
AUTO REPAIR, GARAGE
$26,395,000
Change: +59% · Conversion: Difficult
RESTAURANT
$26,015,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$23,495,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$20,950,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,860,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$17,405,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,785,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$17.50M
Range $15.75M – $19.25M · ±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
$153 / 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
Assessed value
$18,165,033
Assessed 2023
Previous assessed
$17,266,900
+5.2% YoY
Land market value
$2,014,600
Improvement market value
$17,946,700
Total market value
$19,961,300
Applied tax rate
7.0000
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
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
11
Units
1
Total area
114,400 SF
Lot
0.93 ac (40,293 SF)
Zoning code
H
APN
07-09-1290 -031
UPID
US40-2412719
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
$16.6M
AUTO REPAIR, GARAGE
Est. value
$26.4M
RESTAURANT
Est. value
$26.0M
OFFICE BUILDING
Est. value
$23.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.0M
COMMERCIAL (GENERAL)
Est. value
$18.9M
WAREHOUSE, STORAGE
Est. value
$17.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
11
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
JOHNS HOPKINS HOSPITAL
Individual
Free & Clear · 0 yrs held
Mailing address
3910 KESWICK RDN3100, BALTIMORE, MD 21211-2226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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