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Property profile & analytics
OFF-MARKET
Estimated value
$30,670,000
Office buildings
701 Pratt St, Baltimore, MD 21202-3183
Individually Owned
26-yr Hold
Free & Clear
Property ID
US40-0845662
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
260,140 SF
Zoning code
C-5DC
APN
04-11-0890 -015A
UPID
US40-0845662
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
-
UNIVERSITY OF MARYLAND TAGHI MODARRESSI CENTER FOR INFANT STUDY-SECURE STARTS University Professional Services
-
Iqbal Kiran MD Physician
-
Dr. Helen M. Bellete, MD, MPH Physician
-
Louis H. Cohen, MD Physician
-
Adult Outpatient Psychiatry Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$39.13M
Blend (final)
Blend
$30.67M
Owner & transaction history
State Of Maryland To The Use O · 26 yrs held
State Of Maryland To The Use O
since 2000
1 recorded transaction
Zoning & alternative use
C-5DC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$47.6M
+56.0%
Commercial (general)
$42.9M
+40.5%
Warehouse, storage
$39.6M
+29.6%
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
OFFICE BUILDING
$30,535,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$47,640,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$42,890,000
Change: +40% · Conversion: Easy
WAREHOUSE, STORAGE
$39,570,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$37,800,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$33,625,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$30.67M
Range $27.60M – $33.74M · ±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
$118 / 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
$28,171,000
Assessed 2023
Previous assessed
$27,808,100
+1.3% YoY
Improvement market value
$28,533,900
Total market value
$28,533,900
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Stories
5
Units
1
Total area
260,140 SF
Zoning code
C-5DC
APN
04-11-0890 -015A
UPID
US40-0845662
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-5DC · Baltimore, MD
Zoning C-5DC · permitted uses
C-5DC · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$30.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$47.6M
COMMERCIAL (GENERAL)
Est. value
$42.9M
WAREHOUSE, STORAGE
Est. value
$39.6M
MEDICAL BUILDING
Est. value
$37.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$33.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1993
Heating
NONE
Stories
5
Units
1
Current owner
From public records · entity-resolved
State Of Maryland To The Use O
Individual
Free & Clear · 26 yrs held
Mailing address
701 E PRATT ST STE #236, BALTIMORE, MD 21202-3186
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2000
—
State Of Maryland To The Use O
Rubenstein,howard A
Quit Claim Deed
related
—
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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