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Property profile & analytics
FOR LEASE
Banks
1 Newport Dr, Forest Hill, MD 21050
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0741553
For Lease
1 / 2
$18 SF/Yr
1 Newport Dr, Forest Hill, MD 21050
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Construction
BRICK
Total area
3,000 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CI
APN
03-247368
UPID
US40-0741553
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
-
Vision Associates Inc Association Or Organization
-
MyEyeDr. Eye Care Center Contact Lenses Supplier
-
Elizabeth Montemurro, OD Ophthalmologist (Bike/Boat/Book/etc) Store
-
Edward Jones - Financial Advisor: Sandy Smith, AAMS™ Financial Advisor
-
Home Sweet Home Dog Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$590k
Owner & transaction history
Kj Property 1 LLC · 4 yrs held
Kj Property 1 LLC
since 2021
4 recorded transactions
Zoning & alternative use
CI · Forest Hill, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$570,000
+51.3%
Retail stores
$445,000
+18.5%
Office building
$435,000
+15.3%
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 Forest Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Hill 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
FINANCIAL BUILDING
$375,000
Current use
COMMERCIAL (GENERAL)
$570,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$435,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$395,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$197 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$41,155
Tax year 2022
Assessed value
$3,934,133
Assessed 2024
Previous assessed
$3,934,133
+0.0% YoY
Effective rate
1.05%
On assessed value
Land market value
$1,323,000
Improvement market value
$2,690,200
Total market value
$4,013,200
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1990
Construction
BRICK
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
3
Total area
3,000 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CI
APN
03-247368
UPID
US40-0741553
Jurisdiction
HARFORD
Zoning & alternative use
CI · Forest Hill, MD
Zoning CI · permitted uses
CI · Forest Hill, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$375,000
COMMERCIAL (GENERAL)
Est. value
$570,000
RETAIL STORES
Est. value
$445,000
OFFICE BUILDING
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$395,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1990
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
3
Units
3
Lot
1.47 ac
Current owner
From public records · entity-resolved
Kj Property 1 LLC
Entity
Mailing address
5019 FALLEN TIMBER WAY, INDIAN HEAD, MD 20640-3720
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$4,000,000
Kj Property 1 LLC
Sjk Forest LLC
Special Warranty Deed
$3,000,000 · Capital Bank NA
May 3, 2021
—
Sjk Forest LLC
Seung Don Kang
Deed
$4,275,000 · Atlantic Union Bank
Jul 27, 2017
$5,700,000
Seung Don Kang
Lismore Limited Liability Co
Deed
$4,275,000 · Access National Bank
—
—
Lismore LLC
—
Deed Of Trust
related
$3,200,000 · Carrollton Bank
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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