Entity Owned Property summary
AI-generated overview
The Forest Hill Business Center is a community shopping and service center located off Route 24 (Rock Spring Road) in Forest Hill, Maryland, with access to East-West Highway (Route 23) and the Bel Air Bypass. The surrounding area is characterized by dense residential neighborhoods. The property includes 4,063 square feet of second-floor space configured to support retail or office use. Parking is provided with 46 spaces serving the building, with additional parking available within the overall center.
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
Current use
Occupant on record · Public records
-
Association Or Organization
-
Eye Care Center Contact Lenses Supplier
-
Ophthalmologist (Bike/Boat/Book/etc) Store
-
Financial Advisor
-
Pet Grooming Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$3.94M
Owner & transaction history
since 2021
4 recorded transactions
Zoning & alternative use
CI · Forest Hill, MD
Top alternative use upside
Commercial (general)
$570,000
+51.3%
Retail stores
$445,000
+18.5%
Office building
$435,000
+15.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.94M
Value range
$3.54M – $4.33M
±10% around blend
Estimated value / SF
$1,312 / SF
Confidence
Property data
100
Comparable evidence
60
$3.54M
blend $3.94M
$4.33M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,000 SF
Lot area
1.47 ac
Year built
1990
Stories
1
APN
03-247368
Zoning
CI
Assessed value
$3,934,133
Annual tax
$41,155
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$589k
Range $265k – $589k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.94M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+51%
vs current-use indication
Retail Stores
Office Building
Auto Repair, Garage
Financial Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.93M
Move the market yield to see immediate price impact.
Value / SF
$1,311
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$248k
$4.96M
$3.54M
$2.75M
$275k
$5.51M
$3.93M
$3.06M
$303k
$6.06M
$4.33M
$3.37M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
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, MDZoning CI · permitted uses
CI · Forest Hill, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CI
Jurisdiction
Forest Hill, MD
Recorded code
CI
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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