Pinned base plate connections are the most common base connection used in low‐rise steel buildings. In this research, an extensive parametric study is performed using the Finite Element (FE) software Abaqus to determine the elastic rotational stiffness, moment resistance, and energy absorption of the pinned base plate connection connected to a reinforced concrete footing and subjected to an eccentric axial load. The developed FE model is validated using experimental results from the literature. Moreover, an intensive parametric study is conducted to understand the behavior of these connections better. The investigated parameters include the base plate thickness, anchor bolt diameter, and arrangement and number of bolts. The most effective parameters that affect the elastic rotational stiffness and moment resistance of pinned base connections are the anchor bolt arrangement and diameter. The maximum increase in the rotational stiffness was 53% for the anchor bolt diameter of 30 mm when the base plate thickness increased from 12 mm to 30 mm. Based on the base plate thickness, the moment resistance is improved by 150–260% when the bolt diameter increases from 12 mm to 30 mm.