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Property profile & analytics
FOR LEASE
Medical Office Space
855 N Wolfe St, Baltimore, MD 21205
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1024019
For Lease
1 / 2
Contact for pricing
855 N Wolfe St, Baltimore, MD 21205
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
236,614 SF
Lot
1.2 ac (52,228 SF)
Zoning code
BSC
APN
07-13-1603 -001
UPID
US40-1024019
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
-
Helmand Kabobi Restaurant
-
Johns Hopkins Hospital - Neurology Hospital
-
Johns Hopkins Tech Hub Electronics & Wireless Store
-
Siemens Engineer Engineering Consultant
-
Lieber Institute for Brain Development Research Institute Non-Profit Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vtr Ls 855 Wolfe LLC · 4 yrs held
Vtr Ls 855 Wolfe LLC
since 2021
Last sale
$162.0M
7 recorded transactions
Zoning & alternative use
BSC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,192,934
Tax year 2023
Assessed value
$92,920,933
Assessed 2023
Previous assessed
$88,764,600
+4.7% YoY
Effective rate
2.36%
On assessed value
Land market value
$2,089,100
Improvement market value
$99,144,500
Total market value
$101,233,600
Applied tax rate
7.0000
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
For Lease
Year built
2008
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
8
Units
1
Total area
236,614 SF
Lot
1.2 ac (52,228 SF)
Zoning code
BSC
APN
07-13-1603 -001
UPID
US40-1024019
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
BSC · Baltimore, MD
Zoning BSC · permitted uses
BSC · 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
2008
Heating
HOT WATER
Cooling
Yes
Stories
8
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Vtr Ls 855 Wolfe LLC
Entity
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Ownership since
2021
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
Aug 31, 2021
—
Vtr Ls 855 Wolfe LLC
—
Deed
related
$148,650,000 · Teachers Insurance And Annuity Associati
Jul 9, 2021
—
Vtr Ls 855 Wolfe LLC
East Baltimore L 1 Building LLC
Deed
$105,777,000 · Vlshre Op LP
Mar 1, 2019
—
East Baltimore L-i Bldg LLC
855 N Wolfe Street LLC
Trustees Deed
$405,000,000 · Barclays Cap R/e
Oct 30, 2006
—
East Baltimore Dev INC
Mayor & City Council Of Baltimore
Grant Deed
related
—
Oct 30, 2006
$625,251
855 N Wolfe Street LLC
East Baltimore Dev INC
Grant Deed
related
$76,012,000 · Bank Of America
Feb 2, 2006
$2,211,326
East Baltimore Dev INC
Johns Hopkins University
Grant Deed
—
Feb 2, 2006
$103
Mayor & City Council Of Baltimore
East Baltimore Dev INC
Grant Deed
related
—
Dec 28, 2000
$5,000
Johns Hopkins University
Smith,mary E
Grant Deed
—
—
—
855 N Wolfe Street LLC
—
Deed Of Trust
related
—
—
—
855 N Wolfe Street LLC
—
Deed Of Trust
related
$70,000,000 · Axa Equitable Life Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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