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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Office buildings
11101 Gilroy Rd Hunt Valley, MD 21031-1329
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1091146
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
BRICK
Total area
12,680 SF
Lot
5.29 ac (230,432 SF)
Zoning code
ML-IM
APN
08-1600006997
UPID
US40-1091146
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.21M
Owner & transaction history
Gilroy Road Associates LLC · 8 yrs held
Gilroy Road Associates LLC
since 2018
3 recorded transactions
Zoning & alternative use
ML-IM · Hunt Valley, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.3M
+9.0%
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 Hunt Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hunt Valley 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%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,010,000
Current use
WAREHOUSE, STORAGE
$3,280,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$2,880,000
Change: -4% · Conversion: Easy
RETAIL STORES
$2,705,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±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
$174 / 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
$28,965
Tax year 2023
Assessed value
$4,476,800
Assessed 2023
Previous assessed
$4,476,800
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$3,145,000
Assessed improvement
$1,331,800
Land market value
$3,145,000
Improvement market value
$1,331,800
Total market value
$4,476,800
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 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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
12,680 SF
Lot
5.29 ac (230,432 SF)
Zoning code
ML-IM
APN
08-1600006997
UPID
US40-1091146
Jurisdiction
BALTIMORE
Zoning & alternative use
ML-IM · Hunt Valley, MDZoning ML-IM · permitted uses
ML-IM · Hunt Valley, 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
OFFICE BUILDING Current
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL 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
1970
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
2
Lot
5.29 ac
Current owner
From public records · entity-resolved
Gilroy Road Associates LLC
Entity
Mailing address
2330 W JOPPA RD STE #210, LUTHERVILLE TIMONIUM, MD 21093-4630
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2018
—
Gilroy Road Associates LLC
—
Deed
related
$300,000 · Howard Bank
Oct 5, 2011
—
Gilroy Road Associates LLC
—
Deed Of Trust
related
$3,300,000 · Manufacturers Traders & Trust
—
—
Gilroy Road Associates LLC
—
Deed Of Trust
related
$3,800,000 · Thrivent Financial For Luthera
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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