Entity Owned Property summary
AI-generated overview
The Business Center at Owings Mills is located in Baltimore County and provides access to Metro Centre at Owings Mills, with regional connectivity to Baltimore City, Columbia, and BWI Airport via I-795, I-695, and I-70. The campus contains brick-on-block flex/R&D and bulk/warehouse space totaling more than 422,800 square feet, supported by nearby amenities including banks, hotels, and a U.S. Postal Service branch. Building clear ceiling heights range from 16, 18, or 22 feet clear. The property is served by parking at a ratio of 4 spaces per 1,000 square feet and is zoned ML-IM. One available unit configuration includes 3,191 square feet of office space, featuring a large training room and a large bullpen, along with two dock doors measuring 8 feet by 10 feet.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Construction
BRICK
Total area
55,869 SF
Lot
8.26 ac (359,806 SF)
Zoning code
ML
APN
04-2100005060
UPID
US40-1374019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store
-
Medical Clinic
-
Physician
-
Orthotics & Prosthetics Service
-
Building Supply Electrical Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.73M
Owner & transaction history
since 2020
4 recorded transactions
Zoning & alternative use
ML · Owings Mills, MD
Top alternative use upside
Commercial (general)
$18.6M
+28.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$12.73M
Value range
$11.45M – $14.00M
±10% around blend
Estimated value / SF
$228 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$11.45M
blend $12.73M
$14.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
55,869 SF
Lot area
8.26 ac
Year built
1989
Stories
1
APN
04-2100005060
Zoning
ML
Assessed value
$7,765,200
Annual tax
$51,784
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.73M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 130 sales
$259
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $228/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+29%
vs current-use indication
Warehouse, Storage · current use
Office Building
Medical Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.77M
Move the market yield to see immediate price impact.
Value / SF
$139
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$489k
$9.78M
$6.99M
$5.44M
$544k
$10.87M
$7.77M
$6.04M
$598k
$11.96M
$8.54M
$6.64M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,784
Tax year 2023
Assessed value
$7,765,200
Assessed 2023
Previous assessed
$7,261,400
+6.9% YoY
Effective rate
0.67%
On assessed value
Land market value
$1,846,800
Improvement market value
$6,926,000
Total market value
$8,772,800
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
55,869 SF
Lot
8.26 ac (359,806 SF)
Zoning code
ML
APN
04-2100005060
UPID
US40-1374019
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Owings Mills, MDZoning ML · permitted uses
ML · Owings Mills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
8.26 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ML
Jurisdiction
Owings Mills, MD
Recorded code
ML
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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