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Property profile & analytics
OFF-MARKET
Estimated value
$4,680,000
Medical Office Space
901 Pne Hts Ave Baltimore, MD 21229
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0646654
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
BRICK
Total area
41,280 SF
Lot
2.13 ac (92,652 SF)
Zoning code
OR-1
APN
25-01-7654H-025A
UPID
US40-0646654
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$4.68M
Owner & transaction history
Medworld LLC · 8 yrs held
Medworld LLC
since 2017
5 recorded transactions
Zoning & alternative use
OR-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
OR Office-Residential Zoning Districts are intended for areas where there is a mix of office and residential uses. The regulations for this district is designed to ensure that office uses remain compatible with residential uses, thereby permitting the area to maintain a more residential character.
Zone name
Office Residential
General category
RESIDENTIAL
Zone area
207.81 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$7.6M
+26.0%
Commercial (general)
$6.8M
+13.5%
Warehouse, storage
$6.3M
+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
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
MEDICAL BUILDING
$6,000,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,560,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,805,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$6,280,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$5,750,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$4.68M
Range $4.21M – $5.15M · ±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
$113 / 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
$106,788
Tax year 2023
Assessed value
$4,524,900
Assessed 2023
Previous assessed
$4,224,167
+7.1% YoY
Effective rate
2.36%
On assessed value
Assessed land
$926,500
Assessed improvement
$3,598,400
Land market value
$926,500
Improvement market value
$3,598,400
Total market value
$4,524,900
Applied tax rate
25.0000
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
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
41,280 SF
Lot
2.13 ac (92,652 SF)
Zoning code
OR-1
APN
25-01-7654H-025A
UPID
US40-0646654
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
OR-1 · Baltimore, MDZoning OR-1 · permitted uses
OR-1 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
OR Office-Residential Zoning Districts are intended for areas where there is a mix of office and residential uses. The regulations for this district is designed to ensure that office uses remain compatible with residential uses, thereby permitting the area to maintain a more residential character.
Zone name
Office Residential
General category
RESIDENTIAL
Zone area
207.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$5.8M
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Medworld LLC
Entity
Mailing address
18406 THUNDERCLOUD RD, BOYDS, MD 20841-4345
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2017
$3,750,000
Medworld LLC
Tsunami II LLC
Grant Deed
$1,000,000 · Capital Bk
Nov 4, 2004
$2,350,000
Tsunami II LLC
St Agnes Medical Center Associat
Grant Deed
$1,773,000 · Peoples Bank & Trust
Jun 24, 2004
—
St Agnes Medical Center Associat
St Agnes Medical Center Associat
Quit Claim Deed
related
—
—
—
Tsunami II LLC
—
Deed Of Trust
related
$500,000 · Peoples Bank & Trust
—
—
Tsunami II LLC
—
Deed Of Trust
related
$1,000,000 · Peoples Bank & Trust
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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