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Property profile & analytics
OFF-MARKET
Estimated value
$5,470,000
Industrial properties
11195 Dolfield Blvd, Owings Mills, MD 21117-3250
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0862668
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2015
Total area
30,000 SF
Lot
8.36 ac (364,162 SF)
Zoning code
MLIM
APN
04-1800005971
UPID
US40-0862668
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
by Request
Comparable Approach
Comparable
$6.98M
Blend (final)
Blend
$5.47M
Owner & transaction history
11195 Dolfield Boulevard LLC · 11 yrs held
11195 Dolfield Boulevard LLC
since 2015
2 recorded transactions
Zoning & alternative use
MLIM · Owings Mills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.8M
+71.7%
Office building
$7.1M
+57.6%
Medical building
$6.8M
+51.0%
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 Owings Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owings Mills 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
INDUSTRIAL (GENERAL)
$4,515,000
Current use
WAREHOUSE, STORAGE
$7,755,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$7,115,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$6,820,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$6,395,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$5.47M
Range $4.92M – $6.02M · ±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
$182 / 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
$32,473
Tax year 2023
Assessed value
$4,099,433
Assessed 2023
Previous assessed
$3,944,500
+3.9% YoY
Effective rate
0.79%
On assessed value
Land market value
$2,508,000
Improvement market value
$1,901,300
Total market value
$4,409,300
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2015
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
30,000 SF
Lot
8.36 ac (364,162 SF)
Zoning code
MLIM
APN
04-1800005971
UPID
US40-0862668
Jurisdiction
BALTIMORE
Zoning & alternative use
MLIM · Owings Mills, MD
Zoning MLIM · permitted uses
MLIM · Owings Mills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owings Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.8M
RETAIL STORES
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2015
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
8.36 ac
Current owner
From public records · entity-resolved
11195 Dolfield Boulevard LLC
Entity
Mailing address
11195 DOLFIELD BLVD, OWINGS MILLS, MD 21117-3250
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2015
$5,569,878
11195 Dolfield Boulevard LLC
Merritt-dm1 LLC
Grant Deed
$1,000,000 · Miscellaneous Govt Agcy
Jan 14, 2004
$750,000
Merrit-dm1 LLC
Thomson,bertha F
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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