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Property profile & analytics
FOR LEASE
Medical Office Space
9110 Philadelphia Rd Baltimore, MD 21237
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1500929
For Lease
1 / 12
$23 SF/Yr
9110 Philadelphia Rd, Baltimore, MD 21237
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
39,960 SF
Lot
2.28 ac (99,317 SF)
Zoning code
1
APN
14-2400000744
UPID
US40-1500929
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
-
Dr. Maria Duckett Dental Office
-
DR. LINH DUCKETT Dental Office
-
Personal Rehabilitation Services Physician
-
Mark C. Smearman, PT Physician
-
Richard D. Winakur, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.13M
Blend (final)
Blend
$5.28M
Owner & transaction history
Seven Square LLC · 6 yrs held
Seven Square LLC
since 2019
6 recorded transactions
Zoning & alternative use
1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+51.3%
Office building
$7.8M
+34.1%
Neighborhood: shopping center
$7.3M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,805,000
Current use
COMMERCIAL (GENERAL)
$8,785,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$7,785,000
Change: +34% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,320,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,080,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$5,565,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$5.28M
Range $4.75M – $5.80M · ±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
$132 / 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
$40,859
Tax year 2023
Assessed value
$5,477,100
Assessed 2023
Previous assessed
$5,408,700
+1.3% YoY
Effective rate
0.75%
On assessed value
Land market value
$1,713,200
Improvement market value
$3,832,300
Total market value
$5,545,500
Applied tax rate
14.0000
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
2003
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
39,960 SF
Lot
2.28 ac (99,317 SF)
Zoning code
1
APN
14-2400000744
UPID
US40-1500929
Jurisdiction
BALTIMORE
Zoning & alternative use
1 · Baltimore, MDZoning 1 · permitted uses
1 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$6.1M
RETAIL STORES
Est. value
$5.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Seven Square LLC
Entity
Mailing address
9475 DEERECO RD STE #200, LUTHERVILLE TIMONIUM, MD 21093-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2019
—
Seven Square LLC
—
Deed
related
$4,900,000 · Maplemark Bk
Dec 5, 2005
—
Seven Square LLC
—
Deed Of Trust
related
$5,865,200 · Gmac Commercial Mortgage Corp
—
—
Seven Square LLC
—
Deed Of Trust
related
$4,900,000 · Maplemark Bk
—
—
Seven Square LLC
—
Deed Of Trust
related
$1,200,000 · David A Straus
—
—
Seven Square LLC
—
Deed Of Trust
related
$4,400,000 · Baltimore County Sav Bank Fsb
—
—
Michael P Stuart
—
Deed Of Trust
related
$300,000 · America's Wholesale Lender
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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