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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Office buildings
14 Newport Dr, Forest Hill, MD 21050-1642
Entity Owned
16-yr Hold
Free & Clear
Property ID
US40-0419243
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
10,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
CI
APN
03-254984
UPID
US40-0419243
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
-
Duraclean Services, LLC Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.67M
Owner & transaction history
14 Newport Drive LLC · 16 yrs held
14 Newport Drive LLC
since 2009
7 recorded transactions
Zoning & alternative use
CI · Forest Hill, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+23.5%
Commercial (general)
$2.3M
+13.5%
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
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
OFFICE BUILDING
$2,020,000
Current use
RETAIL STORES
$2,495,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,290,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$1,775,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±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
$167 / 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
$17,743
Tax year 2022
Assessed value
$1,676,900
Assessed 2023
Previous assessed
$1,622,400
+3.4% YoY
Effective rate
1.06%
On assessed value
Land market value
$401,200
Improvement market value
$1,384,700
Total market value
$1,785,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Stories
1
Units
1
Total area
10,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
CI
APN
03-254984
UPID
US40-0419243
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2012
Heating
FORCED AIR
Stories
1
Units
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
14 Newport Drive LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 303, FOREST HILL, MD 21050-0303
Ownership since
2009
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
Aug 20, 2009
$145,281
14 Newport Drive LLC
Forest Hill Mini Storage LLC
Grant Deed
—
May 4, 1998
$134,000
Forest Hill Mini Storage LLC
Thomas,walter E
Grant Deed
$135,000 · Harford National Bank
—
—
14 Newport Drive LLC
—
Deed Of Trust
related
$200,000 · Harford Bank
—
—
14 Newport Drive LLC
—
Deed Of Trust
related
$1,100,000 · Harford Bank
—
—
Forest Hill Mini Storage LLC
—
Deed Of Trust
related
$1,917,545 · Storage Guys LLC
—
—
Forest Hill Mini Storage LLC
—
Deed Of Trust
related
$150,000 · Harford Bank
—
—
Forest Hill Mini Storage LLC
—
Deed Of Trust
related
$130,000 · Harford National Bank
—
—
14 Newport Drive LLC
—
Deed Of Trust
related
$150,000 · Harford Bank
—
—
14 Newport Drive LLC
—
Deed Of Trust
related
$240,000 · Harford 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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