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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Medical Office Space
815 Pratt St Baltimore, MD 21202-4889
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US40-1348537
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
23,420 SF
Lot
0.74 ac (32,365 SF)
Zoning code
C-3
APN
03-05-1406 -005
UPID
US40-1348537
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
-
815 E Pratt St Garage Parking Lot & Garage
-
Sherell L Mason M.D. | Kaiser Permanente Pediatrician Physician
-
Suchi Nagaraj M.D. | Kaiser Permanente Medical Clinic
-
Elizabeth A Halloran M.D. | Kaiser Permanente Physician
-
PAUL PAETOW M.D. | Kaiser Permanente Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.22M
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$3.84M
Owner & transaction history
President Street Associates · 26 yrs held
President Street Associates
since 2000
3 recorded transactions
Zoning & alternative use
C-3 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ommercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.ft /…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
762.86 ac
Top alternative use upside
Auto repair, garage
$5.4M
+58.8%
Restaurant
$5.3M
+56.5%
Neighborhood: shopping center
$4.3M
+26.0%
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%
$5,655,000
6.5%
$5,220,000
7%
$4,850,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,405,000
Current use
AUTO REPAIR, GARAGE
$5,405,000
Change: +59% · Conversion: Difficult
RESTAURANT
$5,325,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,290,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,860,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$3,565,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,025,000
Change: -11% · Conversion: Moderate
OFFICE BUILDING
$2,750,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±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
$164 / 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
$186,457
Tax year 2023
Assessed value
$7,900,700
Assessed 2023
Previous assessed
$7,900,700
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,618,200
Assessed improvement
$6,282,500
Land market value
$1,618,200
Improvement market value
$6,282,500
Total market value
$7,900,700
Applied tax rate
3.0000
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
2004
Heating
NONE
Cooling
AC.PACKAGE
Stories
6
Units
2
Total area
23,420 SF
Lot
0.74 ac (32,365 SF)
Zoning code
C-3
APN
03-05-1406 -005
UPID
US40-1348537
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
C-3 · Baltimore, MDZoning C-3 · permitted uses
C-3 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ommercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E C-2 C-3 C-4 Minimum Lot Area Dwelling: Live-Work, Multi-Family, or Rowhouse 300 sq.ft/du 5,000 sq.ft /du 550 sq.ft /du 225 sq.ft /du 300 sq.ft /du 300 sq.ft /du Residential-Care Facility (Age-Restricted) 200 sq.ft/du 200 sq.ft/
Zone name
General Commercial
General category
COMMERCIAL
Zone area
762.86 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RESTAURANT
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2004
Heating
NONE
Cooling
Yes
Stories
6
Units
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
President Street Associates
Entity
Mailing address
14401 SWEITZER LN STE #200, LAUREL, MD 20707-2941
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2016
—
President Street Associates Ll
—
Deed
related
$8,100,000 · First Nat'l Bk/pa
Jun 30, 2000
$750,000
President Street Associates
Housing & Community Dev (md)
Grant Deed
$1,250,000 · Mercantile-safe Deposit & Trus
—
—
President Street Associates Ll
—
Deed Of Trust
related
$8,100,000 · First Nat'l Bk/pa
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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