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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Medical Office Space
6609 Reisterstown Rd 1, Baltimore, MD 21215-2315
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0882330
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,180 SF
Lot
1.01 ac (43,806 SF)
Zoning code
R-5
APN
27-23-4293 -014
UPID
US40-0882330
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
-
Global Payment Solutions Financial Advisor
-
Olayinka Toby Physician
-
Florence Nwana Physician
-
Terri E Johnson Clinical Consultative Services LLC Crisis Center Medical Clinic
-
Balt Med Prof Building Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.52M
Owner & transaction history
Gc6609 LLC · 7 yrs held
Gc6609 LLC
since 2019
7 recorded transactions
Zoning & alternative use
R-5 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$41 / 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
$41,647
Tax year 2023
Assessed value
$1,764,700
Assessed 2023
Previous assessed
$1,764,700
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$339,300
Assessed improvement
$1,425,400
Land market value
$339,300
Improvement market value
$1,425,400
Total market value
$1,764,700
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
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
37,180 SF
Lot
1.01 ac (43,806 SF)
Zoning code
R-5
APN
27-23-4293 -014
UPID
US40-0882330
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
R-5 · Baltimore, MD
Zoning R-5 · permitted uses
R-5 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Gc6609 LLC
Entity
Mailing address
515 E JOPPA RD STE #202, BALTIMORE, MD 21286-1805
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
$2,100,000
Gc6609 LLC
Reisterstown LLC
Deed
$2,419,000 · Revere Bank
Aug 4, 2011
$1,650,000
6609 Reisterstown LLC
Pikesville Properties LLC
Grant Deed
$1,720,000 · First Mariner Bank
Jan 22, 2002
$425,000
Pikesville Properties LLC
Perihan Erk INC
Grant Deed
$700,000 · Southern Pacific Bank
May 25, 1999
$68,000
Daphne A Smith
Marvin,faye E
Grant Deed
$67,612 · Key Bank & Trust
—
—
6609 Reisterstown LLC
—
Deed Of Trust
related
$400,000 · Mordechai & Ruth Snider Charit
—
—
6609 Reisterstown LLC
—
Deed Of Trust
related
$2,800,000 · Standard Insurance Co
—
—
6609 Reisterstown LLC
—
Deed Of Trust
related
$1,720,000 · First Mariner Bank
—
—
6609 Reisterstown LLC
—
Deed Of Trust
related
$400,000 · Mordechai & Ruth Snider Charit
—
—
Jabco Property Management
—
Deed Of Trust
related
$700,000 · Gourley & Gourley LLC Trustee
—
—
Pikesville Properties LLC
—
Deed Of Trust
related
$805,000 · Suntrust Bank NA
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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