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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Office buildings
113 Westminster Pike 2, Reisterstown, MD 21136-1047
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0137328
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
16,812 SF
Lot
1.11 ac (48,352 SF)
Zoning code
RO
APN
04-1900008650
UPID
US40-0137328
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
-
Carroll Health Group Orthpdcs Medical Clinic
-
Edward Jones - Financial Advisor: Tom Custance, CFP®|AAMS™ Financial Advisor
-
Evenly Orthodontics Dental Office
-
Mr. Samuel Matz Physician
-
Mr. Myles Brager Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$2.87M
Owner & transaction history
Westminster Road LLC · 2 yrs held
Westminster Road LLC
since 2024
7 recorded transactions
Zoning & alternative use
RO · Reisterstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Reisterstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reisterstown 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%
$2,095,000
6.5%
$1,935,000
7%
$1,795,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,705,000
Current use
WAREHOUSE, STORAGE
$4,345,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$3,820,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±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
$171 / 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
$11,131
Tax year 2023
Assessed value
$1,693,800
Assessed 2023
Previous assessed
$1,827,300
-7.3% YoY
Effective rate
0.66%
On assessed value
Assessed land
$333,000
Assessed improvement
$1,360,800
Land market value
$333,000
Improvement market value
$1,360,800
Total market value
$1,693,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Bathrooms
1
Total area
16,812 SF
Lot
1.11 ac (48,352 SF)
Zoning code
RO
APN
04-1900008650
UPID
US40-0137328
Jurisdiction
BALTIMORE
Zoning & alternative use
RO · Reisterstown, MD
Zoning RO · permitted uses
RO · Reisterstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reisterstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2004
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Westminster Road LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1808 BALTIMORE BLVD STE B WESTMINSTER
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Westminster Road LLC
Westminster Road LLC
Intrafamily Transfer
related
—
Jul 26, 2019
—
Westminster Road II LLC
—
Deed
related
$485,649 · Farmers & Merchants Nat'l Bk
Jul 25, 2017
—
Westminster Road II LLC
—
Deed
related
$523,421 · Farmers & Merchants Nat'l Bk
Feb 23, 2005
—
State Highway Administration Of Dep
Westminster Road LLC
Grant Deed
related
—
—
—
Westminster Road LLC
—
Deed Of Trust
related
$627,900 · Farmers & Mechanics Bank
—
—
Westminster Road LLC
—
Deed Of Trust
related
$1,474,650 · Farmers & Merchants Bk & Tr
—
—
Westminster Road II LLC
—
Loan Modification
related
$485,649 · Farmers & Merchants Nat'l Bk
—
—
Westminster Road II LLC
—
Loan Modification
related
$557,535 · Farmers & Merchants Nat'l Bk
—
—
Westminister Road LLC
—
Deed Of Trust
related
$1,500,000 · Glazer Construction Co
—
—
Westminster Road II LLC
—
Loan Modification
related
$523,421 · Farmers & Merchants Nat'l Bk
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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