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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Medical Office Space
800 Caton Ave Baltimore, MD 21229-4210
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2283860
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
BRICK
Total area
15,628 SF
Lot
1 ac (43,560 SF)
Zoning code
IMU-1
APN
20-05-2118 -014A
UPID
US40-2283860
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
-
Baltimore Adult Medical Day Center, LLC Adult Day Care
-
Baltimore Orthopedics & Rehab Medical Clinic
-
Ali D. Kanji, DPT Rehabilitation Center
-
A Providence Medical Adult Day Care Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.81M
Owner & transaction history
Ctw Properties LLC · 4 yrs held
Ctw Properties LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
IMU-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The IMU Industrial Mixed-Use Zoning Districts are intended to encourage the reuse of older industrial buildings for light industrial use, as well as a variety of non-industrial uses. The IMU-1 District is generally for industrial buildings that are adjacent to existing residential buildings, typically rowhouses.
Zone name
Industrial Mixed Use
General category
MIXED_USE
Zone area
494.99 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$2.9M
+26.0%
Commercial (general)
$2.6M
+13.5%
Warehouse, storage
$2.4M
+4.7%
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
$1,765,000
ML approach
$1,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,270,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,860,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,575,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$2,375,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,175,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.80M (Mar 8 2022)
Last sale anchor
$1.80M
Mar 8 2022
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
$115 / 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
$63,104
Tax year 2023
Assessed value
$2,673,900
Assessed 2023
Previous assessed
$2,673,900
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$261,300
Assessed improvement
$2,412,600
Land market value
$261,300
Improvement market value
$2,412,600
Total market value
$2,673,900
Applied tax rate
20.0000
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
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
15,628 SF
Lot
1 ac (43,560 SF)
Zoning code
IMU-1
APN
20-05-2118 -014A
UPID
US40-2283860
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
IMU-1 · Baltimore, MDZoning IMU-1 · permitted uses
IMU-1 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The IMU Industrial Mixed-Use Zoning Districts are intended to encourage the reuse of older industrial buildings for light industrial use, as well as a variety of non-industrial uses. The IMU-1 District is generally for industrial buildings that are adjacent to existing residential buildings, typically rowhouses.
Zone name
Industrial Mixed Use
General category
MIXED_USE
Zone area
494.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING Current
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
1960
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Ctw Properties LLC
Entity
Mailing address
4340 BREEDERS CUP CIR, RANDALLSTOWN, MD 21133-4070
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
$1,800,000
Ctw Properties LLC
Cora LLC
Special Warranty Deed
$1,681,500 · Celtic Bank Corporation
Jan 25, 2021
—
Cora LLC
Rehab Systems II LLC
Correction Deed
related
—
Sep 28, 2020
$1,250,000
Cora LLC
Rehab Systems II LLC
Grant Deed
—
Feb 20, 2020
—
Rehab Systems II LLC
—
Deed
related
$125,000 · Capital One NA
Aug 31, 2017
—
Rehab Systems II LLC
—
Deed
related
$2,540,000 · Capital One NA
Oct 24, 2000
$556,420
Great River Realty LLC
Silver Sea Sales Co INC
Grant Deed
—
—
—
Focus Caton LLC
—
Deed Of Trust
related
$1,160,000 · First Mariner Bank
—
—
Great River Realty LLC
—
Deed Of Trust
related
—
—
—
Great River Realty LLC
—
Deed Of Trust
related
$500,000 · Citibank Fsb
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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