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Property profile & analytics
OFF-MARKET
Estimated value
$7,625,000
Distribution centers
11520 Cronridge Dr, Owings Mills, MD 21117-2271
Entity Owned
20-yr Hold
Free & Clear
Property ID
US40-1402646
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Construction
BRICK
Total area
27,084 SF
Lot
3.77 ac (164,221 SF)
Zoning code
ML-IM
APN
04-2200026535
UPID
US40-1402646
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
by Request
Blend (final)
Blend
$7.63M
Owner & transaction history
Omf 11520 LLC · 20 yrs held
Omf 11520 LLC
since 2005
1 recorded transaction
Zoning & alternative use
ML-IM · Owings Mills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.2M
+74.2%
Restaurant
$10.7M
+53.0%
Commercial (general)
$9.0M
+28.6%
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
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
WAREHOUSE, STORAGE
$7,000,000
Current use
AUTO REPAIR, GARAGE
$12,195,000
Change: +74% · Conversion: Easy
RESTAURANT
$10,715,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,005,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$6,425,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$6,155,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$5,775,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$7.63M
Range $6.86M – $8.39M · ±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
$282 / 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
$36,661
Tax year 2023
Assessed value
$5,542,900
Assessed 2023
Previous assessed
$5,184,500
+6.9% YoY
Effective rate
0.66%
On assessed value
Land market value
$1,039,800
Improvement market value
$5,219,900
Total market value
$6,259,700
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
1997
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
27,084 SF
Lot
3.77 ac (164,221 SF)
Zoning code
ML-IM
APN
04-2200026535
UPID
US40-1402646
Jurisdiction
BALTIMORE
Zoning & alternative use
ML-IM · Owings Mills, MD
Zoning ML-IM · permitted uses
ML-IM · 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
$7.0M
AUTO REPAIR, GARAGE
Est. value
$12.2M
RESTAURANT
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$9.0M
OFFICE BUILDING
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$5.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
1997
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
3.77 ac
Current owner
From public records · entity-resolved
Omf 11520 LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 340014, NASHVILLE, TN 37203-0014
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2005
$4,300,000
Omf 11520 LLC
Security Associates
Grant Deed
—
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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