500 Pratt StBaltimore, MD 21202

Property Details for 500 Pratt St

Year built

2005

Lot size

1.09 AC

Property size (Sq ft)

304,850 SF

Zone code

C-5DC

Property type

Office buildings

APN

04-11-1384 -002A

APU

04111384002A

Description

500 East Pratt Street offers 304,850 square feet of Class A+ office space in Baltimore's desirable Pratt Street Corridor. This thirteen-story, single building boasts stunning Inner Harbor views and is conveniently located near major highways (I-83, I-395/I-95), public transportation (Amtrak, MARC, and local transit), and a wealth of amenities. The building features a 1.09-acre site, 724 parking spaces (a 2.5:1,000 sq ft ratio), and elevators. On-site conveniences include a Capital Grille, Corner Bakery Café, a tenant lounge, fitness studio with Peloton bikes, meditation rooms, and a new video wall. Security is enhanced with 24/7 monitoring and Bluetooth-enabled entry. The building's efficient floor plates (24,000 sq ft), 30' x 30' column spacing, and ceiling heights ranging from 9'6" to over 11 feet cater to a variety of business needs. Multiple tenancy options are available, ranging from 2,553 to 24,938 square feet. Built in 2004, this property is zoned for Downtown Commercial Business and boasts a Walk Score of 95, Transit Score of 87, and Bike Score of 83. The building's high-profile tenant roster includes prominent firms in various sectors. This is a truly exceptional opportunity in a vibrant and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $65,732,704

  6.5%

  $60,676,340

  7%

  $56,342,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,178,114

  Geo Method

  $19,178,114

• Alternative Use

  Use

  Valuation

  Residential

  $75,238,664

  Hospitality

  $68,918,208

  Educational

  $57,339,140

  Medical

  $59,311,124

  Retail

  $89,194,224

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2871

Longitude

-76.6082

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].