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Property profile & analytics
OFF-MARKET
Estimated value
$38,940,000
Medical Office Space
10803 Fls Rd Lutherville Timonium, MD 21093-4518
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-0961896
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
BRICK
Total area
178,200 SF
Lot
5.58 ac (242,934 SF)
Zoning code
BR-CR
APN
08-1800003271
UPID
US40-0961896
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
-
Bright Insurance Agency Insurance Agency
-
Richard Schaefer, M.D., M.P.H. Physician
-
Stephen T Wegener MA, PhD Physician Medical Clinic
-
Johns Hopkins Facial Plastic & Reconstructive Surgery Medical Clinic
-
Jaimie Shores, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.94M
Owner & transaction history
Johns Hopkins Health Care & Su · 9 yrs held
Johns Hopkins Health Care & Su
since 2017
4 recorded transactions
Zoning & alternative use
BR-CR · Lutherville Timonium, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$59.2M
+46.3%
Warehouse, storage
$46.1M
+13.7%
Office building
$42.3M
+4.4%
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 Lutherville Timonium submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lutherville Timonium 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
$40,505,000
Current use
COMMERCIAL (GENERAL)
$59,245,000
Change: +46% · Conversion: Easy
WAREHOUSE, STORAGE
$46,065,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$42,275,000
Change: +4% · Conversion: Easy
RETAIL STORES
$37,985,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$38.94M
Range $35.05M – $42.83M · ±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
$219 / 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
$25,247
Tax year 2023
Assessed value
$34,300,233
Assessed 2023
Previous assessed
$34,212,000
+0.3% YoY
Effective rate
0.07%
On assessed value
Land market value
$4,182,600
Improvement market value
$30,294,100
Total market value
$34,476,700
Applied tax rate
8.0000
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
Off-Market
Year built
2019
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
178,200 SF
Lot
5.58 ac (242,934 SF)
Zoning code
BR-CR
APN
08-1800003271
UPID
US40-0961896
Jurisdiction
BALTIMORE
Zoning & alternative use
BR-CR · Lutherville Timonium, MDZoning BR-CR · permitted uses
BR-CR · Lutherville Timonium, 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
$40.5M
COMMERCIAL (GENERAL)
Est. value
$59.2M
WAREHOUSE, STORAGE
Est. value
$46.1M
OFFICE BUILDING
Est. value
$42.3M
RETAIL STORES
Est. value
$38.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2019
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
5.58 ac
Current owner
From public records · entity-resolved
Johns Hopkins Health Care & Su
Individual
Mailing address
2330 W JOPPA RD STE #301, LUTHERVILLE, MD 21093-4634
Ownership since
2017
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
May 11, 2017
$13,500,000
Johns Hopkins Health Care & Su
Gss Properties LLC
Grant Deed
—
Sep 13, 2007
—
Cockeys Tavern LLP
—
Deed Of Trust
related
$8,500,000 · Mercantile-safe Deposit & Trus
May 9, 2007
—
Gss Properties LLC
Hirshfeld,william S & Loretta
Grant Deed
—
—
—
Gss Properties LLC
—
Deed Of Trust
related
$8,500,000 · Pnc 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.
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