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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Office buildings
11333 Mccormick Rd Hunt Valley, MD 21031-1001
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0726493
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
BRICK
Total area
11,340 SF
Lot
14.81 ac (645,124 SF)
Zoning code
ML-IM
APN
08-2300000007
UPID
US40-0726493
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
$4.00M
Blend (final)
Blend
$3.02M
Owner & transaction history
Valley 1031 Venture Dst Hunt · 18 yrs held
Valley 1031 Venture Dst Hunt
since 2008
3 recorded transactions
Zoning & alternative use
ML-IM · Hunt Valley, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+66.8%
Commercial (general)
$3.8M
+40.1%
Warehouse, storage
$2.9M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,690,000
Current use
RESTAURANT
$4,485,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,770,000
Change: +40% · Conversion: Easy
WAREHOUSE, STORAGE
$2,930,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$2,580,000
Change: -4% · Conversion: Easy
RETAIL STORES
$2,415,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±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
$266 / 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
$637,907
Tax year 2023
Assessed value
$46,419,167
Assessed 2023
Previous assessed
$45,735,700
+1.5% YoY
Effective rate
1.37%
On assessed value
Land market value
$9,405,000
Improvement market value
$38,381,100
Total market value
$47,786,100
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
1997
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
8
Units
3
Total area
11,340 SF
Lot
14.81 ac (645,124 SF)
Zoning code
ML-IM
APN
08-2300000007
UPID
US40-0726493
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
$2.7M
RESTAURANT
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1997
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
8
Buildings
2
Units
3
Lot
14.81 ac
Current owner
From public records · entity-resolved
Valley 1031 Venture Dst Hunt
Entity
Mailing address
100 N TRYON ST, CHARLOTTE, NC 28202-2135
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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 19, 2019
—
North Baltimore Office Dst
—
Loan Modification
related
$57,884,444 · Parkway Bk
Jun 15, 2017
—
Hunt Valley Venture Springing
—
Loan Modification
related
$43,043,555 · Parkway Bk
Jul 25, 2008
$72,739,000
Valley 1031 Venture Dst Hunt
Bracebridge Corp
Deed Of Trust
$43,043,555 · Parkway Bank & Trust 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.
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