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Property profile & analytics
OFF-MARKET
Estimated value
$10,150,000
Hotels
11509 Red Run Blvd, Owings Mills, MD 21117-4175
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1398307
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
53,980 SF
Lot
4.96 ac (216,058 SF)
Zoning code
ML
APN
04-2300004650
UPID
US40-1398307
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
$10.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.15M
Owner & transaction history
Mac Hospitality Of Maryland LLC · 2 yrs held
Mac Hospitality Of Maryland LLC
since 2024
Last sale
$10.2M
7 recorded transactions
Zoning & alternative use
ML · Owings Mills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.6M
+81.1%
Restaurant
$8.2M
+53.5%
Auto repair, garage
$7.6M
+42.4%
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
$10,150,000
ML approach
$10,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,630,000
Change: +81% · Conversion: Difficult
RESTAURANT
$8,160,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,575,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$7,030,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$6,840,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$10.15M
Range $9.14M – $11.17M · ±10% · vs last sale $10.15M (Jun 6 2024)
Last sale anchor
$10.15M
Jun 6 2024
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
$188 / 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
$35,575
Tax year 2023
Assessed value
$4,044,400
Assessed 2023
Previous assessed
$5,670,200
-28.7% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,488,000
Assessed improvement
$2,556,400
Land market value
$1,488,000
Improvement market value
$2,556,400
Total market value
$4,044,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
53,980 SF
Lot
4.96 ac (216,058 SF)
Zoning code
ML
APN
04-2300004650
UPID
US40-1398307
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
RESTAURANT
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.6M
OFFICE BUILDING
Est. value
$7.0M
RETAIL STORES
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE 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
2017
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
Mac Hospitality Of Maryland LLC
Entity
Mailing address
5105 SANCHEZ CT, RANCHO CUCAMONGA, CA 91739-2155
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$10,150,000
Mac Hospitality Of Maryland LLC
Marute LLC Of Aryland
Special Warranty Deed
$7,621,500 · Farmers & Merchants Bank
Sep 11, 2017
—
Marute LLC
—
Deed
related
$8,575,000 · Sonabank NA
Feb 24, 2017
—
Marute LLC
—
Deed
related
$7,950,000 · Sonabank NA
Dec 4, 2008
$950,000
Marute LLC Of Maryland
Rc One LLC
Grant Deed
—
—
—
Marute LLC
—
Loan Modification
related
$7,950,000 · Sonabank NA
—
—
Marute LLC Of Maryland
—
Loan Modification
related
$7,395,000 · Sonabank NA
—
—
Marute LLC Of Maryland
—
Loan Modification
related
$7,395,000 · Sonabank NA
—
—
Marute LLC Of Maryland
—
Loan Modification
related
$7,395,000 · Sonabank NA
—
—
Marute LLC
—
Loan Modification
related
$8,575,000 · Sonabank NA
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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