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Property profile & analytics
OFF-MARKET
Estimated value
$7,595,000
Distribution centers
11425 Cronhill Dr, Owings Mills, MD 21117-2268
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1117022
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1988
Construction
BRICK
Total area
47,675 SF
Lot
4.41 ac (192,100 SF)
Zoning code
ML
APN
04-2000010099
UPID
US40-1117022
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
$4.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.60M
Owner & transaction history
Cronhill Drive Investors LLC · 4 yrs held
Cronhill Drive Investors LLC
since 2021
Last sale
$7.7M
4 recorded transactions
Zoning & alternative use
ML · Owings Mills, 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 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
$9,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,235,000
6.5%
$4,830,000
7%
$4,485,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,325,000
Current use
OFFICE BUILDING
$11,310,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$10,835,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$10,160,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$7.60M
Range $6.84M – $8.35M · ±10% · vs last sale $7.73M (Nov 8 2021)
Last sale anchor
$7.73M
Nov 8 2021
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
$159 / 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
$32,483
Tax year 2023
Assessed value
$4,911,567
Assessed 2023
Previous assessed
$3,878,400
+26.6% YoY
Effective rate
0.66%
On assessed value
Land market value
$1,034,500
Improvement market value
$5,943,400
Total market value
$6,977,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
47,675 SF
Lot
4.41 ac (192,100 SF)
Zoning code
ML
APN
04-2000010099
UPID
US40-1117022
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Owings Mills, MD
Zoning ML · permitted uses
ML · 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
WAREHOUSE, STORAGE Current
Est. value
$12.3M
OFFICE BUILDING
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$10.8M
RETAIL STORES
Est. value
$10.2M
WAREHOUSE, STORAGE Current
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
1988
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
4.41 ac
Current owner
From public records · entity-resolved
Cronhill Drive Investors LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6100 DAYLONG LN STE #100, CLARKSVILLE, MD 21029-1631
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
$7,730,000
Cronhill Drive Investors LLC
Omb Center LLC
Deed
—
Jun 27, 2017
$4,000,000
Omb Center LLC
Om Business Center LLC
Grant Deed
—
Oct 17, 2014
$4,300,000
Om Business Center LLC
Landover Owings Mills LLC
Grant Deed
—
Dec 23, 1997
—
Nine Crondall Associates LLC
Nine,crondall As
Quit Claim Deed
related
—
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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