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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Individual retail properties
121 Industry Ln, Forest Hill, MD 21050-1621
Individually Owned
3-yr Hold
Free & Clear
Property ID
US40-0289477
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1989
Construction
BRICK
Total area
26,736 SF
Lot
3.49 ac (152,024 SF)
Zoning code
CI
APN
03-248941
UPID
US40-0289477
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
Current use
Occupant on record · Public records
-
Harford Sports Performance Center Sports Field & Court
-
Chesapeake Traders Food Warehouse Grocery & Convenience Store Food Market
-
Impact Sports Physical Therapy - Forest Hill Medical Clinic
-
Service Coordination Inc. Social Service Agency Charitable Organization
-
Christina Eppinghaus Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Richard F Foard JR · 3 yrs held
Richard F Foard JR
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
CI · Forest Hill, 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 Forest Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Hill 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
$615,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jun 22 2023)
Last sale anchor
$600k
Jun 22 2023
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
$22 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$21,903
Tax year 2022
Assessed value
$2,124,400
Assessed 2023
Previous assessed
$2,009,600
+5.7% YoY
Effective rate
1.03%
On assessed value
Land market value
$943,500
Improvement market value
$1,410,500
Total market value
$2,354,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
26,736 SF
Lot
3.49 ac (152,024 SF)
Zoning code
CI
APN
03-248941
UPID
US40-0289477
Jurisdiction
HARFORD
Zoning & alternative use
CI · Forest Hill, MD
Zoning CI · permitted uses
CI · Forest Hill, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
3.49 ac
Current owner
From public records · entity-resolved
Richard F Foard JR
Individual
Free & Clear · 3 yrs held
Mailing address
2625 PUTNAM RD, FOREST HILL, MD 21050-2108
Ownership since
2023
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 22, 2023
—
Richard F Foard JR
Richard F Foard JR
Intrafamily Transfer
related
—
Aug 12, 2008
—
Richard F Foard JR.
—
Deed Of Trust
related
$1,390,000 · Harford Bank
Sep 29, 2000
$600,000
Richard F Foard
213 Ej LLC
Grant Deed
—
May 28, 1999
$375,000
213 Ej LLC
Lynch,michael P & Wanda D
Grant Deed
$400,000 · Forest Hill State Bank
—
—
Richard F Foard JR.
—
Deed Of Trust
related
$200,000 · Harford Bank
—
—
Richard F Foard JR.
—
Deed Of Trust
related
$150,000 · Mercantile County Bank
—
—
Richard F Foard JR.
—
Deed Of Trust
related
—
—
—
Richard F Foard JR.
—
Deed Of Trust
related
$2,220,000 · Harford Bank
—
—
Richard F Foard
—
Deed Of Trust
related
$1,200,000 · Forest Hill State Bank
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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