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Property profile & analytics
FOR LEASE
Medical Office Space
1212 York Rd B301-B302 Lutherville, MD 21093
Entity Owned
15-yr Hold
Free & Clear
Property ID
US40-0111619
For Lease
1 / 2
$1,845,000
1212 York Rd,Unit B301-B302, Lutherville, MD 21093
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
BRICK
Total area
10,065 SF
Lot
1.71 ac (74,488 SF)
Zoning code
RO
APN
09-2200029172
UPID
US40-0111619
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
$1.88M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.85M
Owner & transaction history
Hc LLC · 15 yrs held
Hc LLC
since 2010
6 recorded transactions
Zoning & alternative use
RO · Lutherville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.6M
+13.7%
Office building
$2.4M
+4.4%
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 Lutherville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lutherville 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%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,290,000
Current use
WAREHOUSE, STORAGE
$2,600,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$2,390,000
Change: +4% · Conversion: Easy
RETAIL STORES
$2,145,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±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
$183 / 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
$16,470
Tax year 2023
Assessed value
$2,513,800
Assessed 2023
Previous assessed
$2,608,500
-3.6% YoY
Effective rate
0.66%
On assessed value
Assessed land
$1,496,700
Assessed improvement
$1,017,100
Land market value
$1,496,700
Improvement market value
$1,017,100
Total market value
$2,513,800
Applied tax rate
9.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
3
Units
3
Total area
10,065 SF
Lot
1.71 ac (74,488 SF)
Zoning code
RO
APN
09-2200029172
UPID
US40-0111619
Jurisdiction
BALTIMORE
Zoning & alternative use
RO · Lutherville, MDZoning RO · permitted uses
RO · Lutherville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
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
1986
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
3
Units
3
Lot
1.71 ac
Current owner
From public records · entity-resolved
Hc LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1212 YORK RD STE C300, LUTHERVILLE, MD 21093-6274
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2017
—
Hc LLC
—
Deed
related
$3,000,000 · Miscellaneous Ins Co
Nov 29, 2010
$2,750,000
Hc LLC
Orchard Square LLC
Grant Deed
—
Jun 24, 2009
$41,983
State Of Maryland
Orchard Square LLC
Grant Deed
—
Jun 24, 2004
$4,506,000
Orchard Square LLC
Mart
Grant Deed
$2,600,000 · Suisse First Boston Mortgage Sec
Jun 30, 1997
$2,256,923
Mart Limited Partnership
Tripec Associate
Grant Deed
—
—
—
Hc LLC
—
Deed Of Trust
related
$3,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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