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Property profile & analytics
FOR LEASE
Warehouses
1110 Benfield Blvd, Millersville, MD 21108
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1361410
For Lease
1 / 2
$12,200,000
1110 Benfield Blvd, Millersville, MD 21108
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
BRICK
Total area
29,568 SF
Lot
10.1 ac (439,956 SF)
Zoning code
W1
APN
04-000-90070355
UPID
US40-1361410
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
-
Arundel Electrical Contractors General Contractor
-
Lauren Williams Counselor Practitioner Service Location
-
Technology Assessment & Transfer Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.16M
Blend (final)
Blend
$12.20M
Owner & transaction history
Ritche At Cypress Associates LLC · 4 yrs held
Ritche At Cypress Associates LLC
since 2022
1 recorded transaction
Zoning & alternative use
W1 · Millersville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.8M
+50.2%
Restaurant
$14.4M
+45.7%
Auto repair, garage
$12.6M
+27.6%
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 Millersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millersville 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
WAREHOUSE, STORAGE
$9,860,000
Current use
OFFICE BUILDING
$14,805,000
Change: +50% · Conversion: Difficult
RESTAURANT
$14,365,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,575,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,390,000
Change: +26% · Conversion: Easy
RETAIL STORES
$12,255,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$10,825,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,060,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$12.20M
Range $10.98M – $13.42M · ±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
$413 / 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
$116,361
Tax year 2023
Assessed value
$10,655,767
Assessed 2023
Previous assessed
$10,655,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,829,900
Improvement market value
$8,827,400
Total market value
$10,657,300
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
4
Total area
29,568 SF
Lot
10.1 ac (439,956 SF)
Zoning code
W1
APN
04-000-90070355
UPID
US40-1361410
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Millersville, MD
Zoning W1 · permitted uses
W1 · Millersville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.9M
OFFICE BUILDING
Est. value
$14.8M
RESTAURANT
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$12.6M
INDUSTRIAL (GENERAL)
Est. value
$12.4M
RETAIL STORES
Est. value
$12.3M
MEDICAL BUILDING
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$9.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
10.1 ac
Current owner
From public records · entity-resolved
Ritche At Cypress Associates LLC
Entity
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
Ritche At Cypress Associates LLC
—
Deed
related
$39,000,000 · Great West Life & Annuity Insurance Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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