Property profile

11623 Philadelphia Rd White Marsh, MD 21162

OFF-MARKET
Office buildings
Property ID
US40-1153911
5,958 SF 0.39 ac lot Built 2020
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

A custom-built medical/office building constructed in 2020 with 5,958 square feet of space. The main level includes a reception area, waiting room, offices, exam rooms, a procedure room, two ADA-compliant bathrooms, a kitchen, and back prep areas. An upper level is accessible from either side of the building and contains private offices, multiple workstations, a conference room, a kitchen, a lounge area, two bathrooms, and two file rooms. Exterior materials include brick and Hardi Plank siding, and the building features a 30-year architectural shingled roof. The property includes parking, a dumpster pad, and professional landscaping, and has large marquee signage. It is situated on Route 7 with access to Route 40, the 695 beltway, and Interstate 95, and is positioned near retail and services.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2020
Construction FRAME
Total area 5,958 SF
Lot 0.39 ac (17,031 SF)
Zoning code BM
APN 11-1113057740
UPID US40-1153911

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11623 Philadelphia Rd White Marsh, MD 21162-1310
White Marsh metro Census 411302 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$1.73M

Owner & transaction history

since 2012
3 recorded transactions
2020
Price N/A
2012
$125,000
1969
Price N/A

Zoning & alternative use

BM · White Marsh, MD
Top alternative use upside
Auto repair, garage $2.7M +89.8%
Restaurant $2.4M +66.8%
Commercial (general) $2.0M +40.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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