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    10829 Falls Rd Lutherville Timonium, MD 21093
    Property profile & analytics

    10829 Falls Rd Lutherville Timonium, MD 21093

    View on Map
    • Office buildings
    • 941 SF
    • 0.40 lot acres
    For Sale
    View Listing →
    Boutique Office/Retail Building For Sale For Sale
    Contact for pricing
    2,349 SF

    Boutique Office/Retail Building For Sale

    Boutique office/retail building in Greenspring Valley, renovated in 2000.

    10829 Falls Rd, Lutherville Timonium, MD
    View Listing
    Property ID
    US40-1221866
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Consolidated Equities Corporation / Real Estate Agency
    • Zander Homes / Construction Company / General Contractor
    • Lauren Hurlbrink Interiors / Interior Design / Home Decor Store

    Property Details for 10829 Falls Rd

    Year built
    1927
    Construction
    BRICK
    Lot size
    0.40 lot acres
    Property size
    941 SF
    Zone code
    O3
    Property type
    Office buildings
    APN
    08-0816017540
    APU
    80816017540

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lutherville Timonium
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6707
    Latitude
    39.4226
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,798
    $0.00
    $0.00
    $439,767
    -
    $289,700
    $150,600
    $440,300

    Comparable in this City

    • Value Estimation
      $11,165,000
      75,000 SF

      10753 Fls Rd

      OFFICE BUILDING • 75,000 SF
      10753 Fls Rd, Lutherville, MD 21093-4535
      View Details
    • Value Estimation
      $4,650,000
      21,840 SF

      12201 Tullamore Rd, Unit 12213

      OFFICE BUILDING • 21,840 SF
      12201 Tullamore Rd, Timonium, MD 21093-7816
      View Details
    • Value Estimation
      $11,065,000
      81,717 SF

      2311 York Rd

      OFFICE BUILDING • 81,717 SF
      2311 York Rd, Lutherville Timonium, MD 21093-2215
      View Details
    • Value Estimation
      $3,275,000
      19,000 SF

      10807 Fls Rd

      OFFICE BUILDING • 19,000 SF
      10807 Fls Rd, Lutherville, MD 21093-4591
      View Details
    • Value Estimation
      $770,000
      2,700 SF

      1953 Greenspring Dr

      OFFICE BUILDING • 2,700 SF
      1953 Greenspring Dr, Timonium, MD 21093-4113
      View Details
    • Value Estimation
      $6,415,000
      22,434 SF

      430 Padonia Rd

      OFFICE BUILDING • 22,434 SF
      430 Padonia Rd, Timonium, MD 21093-2274
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,349 SF

      Boutique Office/Retail Building For Sale

      Boutique office/retail building in Greenspring Valley, renovated in 2000.
      10829 Falls Rd, Lutherville Timonium, MD 21093
      View Details
    • $450,000

      Residential Office Building on Corner

      Residential office building on corner lot with parking.
      1511 York Rd, Lutherville Timonium, MD 21093
      View Details
    • $1,200,000

      Prime Commercial Land For Sale

      0.66-acre site ideal for retail, office, or medical use.
      2412-2416 York Rd, Lutherville Timonium, MD 21093
      View Details
    • $600,000

      High Visibility Office Space For Sale

      Office space with high traffic and flexible configuration.
      2063 York Rd, Lutherville Timonium, MD 21093
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lutherville Office Space for Lease

      Newly renovated office building in Lutherville-Timonium with modern upgrades.
      1301 York Rd, Lutherville, MD 21093
      View Details
    • Contact for pricing

      Lutherville Office Building for Lease

      Three-story office building in Lutherville, Maryland, with convenient access.
      2324 W Joppa Rd, Lutherville, MD 21093
      View Details
    • $21 SF/Yr

      Timonium Office Space for Lease

      Renovated office space with excellent views and highway access.
      2219 York Rd, Timonium, MD 21093
      View Details
    • Contact for pricing
      1,494 SF

      Office Building with Ample Parking

      29,500 SF office building with small suites available for rent.
      2345 York Rd, Timonium, MD 21093
      View Details
    • Contact for pricing
      4,891 SF

      Class A Office Building

      45,000 square foot office building in Timonium, Maryland.
      1 Texas Station Ct, Timonium, MD 21093
      View Details
    • Contact for pricing
      1,717 SF

      Class A Office Building

      Class A office building with modern amenities and convenient access.
      1966 Greenspring Dr, Timonium, MD 21093
      View Details
    View Listing
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    Lutherville Timonium, MD 21093
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    10829 Falls Rd, Lutherville Timonium, MD, 21093
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