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    6 Eager St Baltimore, MD 21202-2506
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    Property profile & analytics

    6 Eager St Baltimore, MD 21202-2506

    View on Map
    • Medical Office Space
    • 13,111 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US40-1095004
    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.
    Value Estimations
    $1,620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gold Allan S MD / Physician
    • City House Six East Eager / Real Estate Agency
    • Harris Media Group / (Bike/Boat/Book/etc) Store / Printing Service
    • Consumer Litigation Associates / Law Firm
    • Hopkins IP, LLC / Law Firm

    Property Details for 6 Eager St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property size
    13,111 SF
    Zone code
    OR-2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    11-12-0506 -034
    APU
    11120506034

    Description

    This exceptional 330-square-foot office suite, located in Baltimore, MD's vibrant Mt. Vernon neighborhood, is now available. Situated on the third floor of the historic City House building (built in 1905), Suite 320 offers a unique blend of historic charm and modern convenience. The suite boasts tall ceilings, an original marble fireplace, and abundant natural light, creating a productive and inspiring workspace. Three large, original storage cabinets provide ample storage solutions. Tenants enjoy access to a shared foyer area, perfect for welcoming guests. The suite is easily accessible via a grand staircase or a charming elevator. The building itself is a 16,000 square foot multi-tenant property. This listing is for a single, vacant 330 square foot office space. Note that there are no parking spaces included with this lease. The address is 6 E Eager St, Baltimore, MD 21202. This is a truly unique opportunity to lease a piece of Baltimore history in a thriving urban location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,035,000
      Market price range: $859k - $3.54M
      AI Estimate
      $978,000
      Market price range: $293k - $1.61M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,905,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,400,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,160,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,995,000
      Change: +5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,695,000
      Change: -11% Conversion: Moderate
      OFFICE BUILDING
      $1,540,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6153
    Latitude
    39.3013
    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
    $36,917
    $134,700
    $1,429,600
    $1,564,300
    -
    $134,700
    $1,429,600
    $1,564,300

    Comparable in this City

    • Value Estimation
      $3,840,000
      23,420 SF

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      MEDICAL BUILDING • 23,420 SF
      815 Pratt St, Baltimore, MD 21202-4889
      View Details
    • Value Estimation
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      23,296 SF

      1035 Calvert St

      MEDICAL BUILDING • 23,296 SF
      1035 Calvert St, Baltimore, MD 21202-3800
      View Details
    • Value Estimation
      $1,160,000
      10,400 SF

      321 Calvert St

      MEDICAL BUILDING • 10,400 SF
      321 Calvert St, Baltimore, MD 21202-5223
      View Details
    • Value Estimation by Request
      1,750 SF

      1119 Monument St

      MEDICAL BUILDING • 1,750 SF
      1119 Monument St, Baltimore, MD 21202-4119
      View Details
    • Value Estimation
      $7,560,000
      56,776 SF

      11 Chase St

      MEDICAL BUILDING • 56,776 SF
      11 Chase St, Baltimore, MD 21202-2516
      View Details
    • Value Estimation by Request
      4,092 SF

      1018 Stiles St

      MEDICAL BUILDING • 4,092 SF
      1018 Stiles St, Baltimore, MD 21202-4429
      View Details

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    6 Eager St
    Baltimore, MD 21202-2506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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