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    11155 Dolfield Blvd Owings Mills, MD 21117
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    Property profile & analytics

    11155 Dolfield Blvd Owings Mills, MD 21117

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    • Office buildings
    • 75,112 SF
    • 5.77 lot acres
    For Lease
    $8,850,000
    View Listing →
    Owings Mills Office Building For Lease
    $8,850,000
    71,400 SF

    Owings Mills Office Building

    Two-story office building in Dolfield Business Park available for rent.

    11155 Dolfield Blvd, Owings Mills, MD 21117
    View Listing
    Property ID
    US40-1567204
    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

    • Office buildings

    Property Details for 11155 Dolfield Blvd

    Year built
    2005
    Lot size
    5.77 lot acres
    Property size
    75,112 SF
    Property type
    Office buildings
    APN
    04-2300012938
    APU
    42300012938

    Description

    This exceptional Owings Mills, MD property, located at 11155 Dolfield Blvd, offers 71,400 square feet of prime office and industrial space within the prestigious Dolfield Business Park. The two-story building features a mix of suite sizes, ranging from 2,437 to 51,120 square feet, providing flexibility for various business needs. Currently, 8,925 square feet are available for lease. The building boasts high ceilings (16', 18', and 9' options) and ample parking with a 4.5 space per 1,000 square foot ratio. Situated on a generous 44-acre lot, this ML-IM zoned property enjoys convenient access to I-795, providing quick commutes to Towson, downtown Baltimore, and BWI Airport. The location offers proximity to Red Run Boulevard and the Metro Centre at Owings Mills, providing employees with a wealth of nearby amenities. The larger Dolfield Business Park encompasses 378,330 square feet of flex/R&D and retail space, creating a vibrant and thriving business community. This is a rare opportunity to secure high-quality space in a highly desirable location. The property is ideal for businesses seeking flexible, modern office and/or R&D space in a well-connected and amenity-rich environment. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,637,000
      Market price range: $11.6M - $26.5M
      AI Estimate
      $6,066,000
      Market price range: $2.65M - $18.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Owings Mills
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.8095
    Latitude
    39.417
    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
    $39,927
    $0.00
    $0.00
    $6,514,133
    -
    $904,500
    $6,779,500
    $7,684,000

    Comparable in this City

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      View Details
    • Value Estimation
      $23,180,000
      190,501 SF

      5 Grand Central Ave

      OFFICE BUILDING • 190,501 SF
      5 Grand Central Ave, Owings Mills, MD 21117
      View Details
    • Value Estimation
      $4,650,000
      15,462 SF

      7 Park Ctr Ct

      OFFICE BUILDING • 15,462 SF
      7 Park Ctr Ct, Owings Mills, MD 21117-4200
      View Details
    • Value Estimation
      $2,355,000
      8,600 SF

      9431 Cmn Brk Rd

      OFFICE BUILDING • 8,600 SF
      9431 Cmn Brk Rd, Owings Mills, MD 21117
      View Details
    • Value Estimation
      $24,270,000
      123,300 SF

      3 Grand Central Ave

      OFFICE BUILDING • 123,300 SF
      3 Grand Central Ave, Owings Mills, MD 21117
      View Details
    • Value Estimation
      $1,200,000
      4,000 SF

      10806 Reisterstown Rd

      OFFICE BUILDING • 4,000 SF
      10806 Reisterstown Rd, Owings Mills, MD 21117-2700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,156 SF

      High-Visibility Commercial Building on Reisterstown

      Prime commercial building on high-traffic road, ideal for investors.
      11240 Reisterstown Rd, Owings Mills, MD 21117
      View Details
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      Warehouse with Fenced Outside Storage

      23,260 SF warehouse with 1 acre of fenced storage.
      10425A Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • $229,900

      Residential Lot in Owings Mills

      0.66 acre level lot with public water/sewer hookup.
      8 Saint Thomas Ln, Owings Mills, MD 21117
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    Similar Nearby for Lease

    • Contact for pricing
      30,432 SF

      Owings Mills Office Space Available

      Office space for rent in a well-located business park.
      10800 Red Run Blvd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      52,719 SF

      Office Building Near I-795

      Office space for rent with convenient highway access.
      10802 Red Run Blvd, Baltimore, MD 21117
      View Details
    • Contact for pricing

      Owings Mills Office Building

      Two-story office building in Dolfield Business Park available for rent.
      11155 Dolfield Blvd, Owings Mills, MD 21117
      View Details
    • $2,500 /Mo

      Owings Mills Office Space Available

      Office building on Reisterstown Rd, Owings Mills. Suite B.
      10912 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    View Listing
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    Owings Mills, MD 21117
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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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    11155 Dolfield Blvd, Owings Mills, MD, 21117
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