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    Property profile & analytics

    14833 York Rd Sparks, MD 21152-9318

    • Turn key restaurants
    • 6,455 SF
    • 3.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 05, 2021
    $2,010,000
    Value Estimations
    $1,975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1144003
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Milton Inn / Restaurant

    Property Details for 14833 York Rd

    Year built
    1740
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.28 lot acres
    Property size
    6,455 SF
    Zone code
    BL
    Property type
    Turn key restaurants
    APN
    08-0801036020
    APU
    80801036020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,910,000
      Market price range: $1.27M - $4.08M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,555,000
      Current use
      AUTO REPAIR, GARAGE
      $2,905,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,145,000
      Change: -16% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6454
    Latitude
    39.5325
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,225
    $0.00
    $0.00
    $1,192,200
    -
    $491,200
    $1,180,800
    $1,672,000

    Comparable in this City

    • Value Estimation
      $725,000
      4,227 SF

      Hyland Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,227 SF
      Hyland Ave, Sparks Glencoe, MD 21152
      View Details
    • Value Estimation by Request
      846 SF

      14910 York Rd

      AUTO REPAIR, GARAGE • 846 SF
      14910 York Rd, Sparks Glencoe, MD 21152-9415
      View Details
    • Value Estimation by Request
      1,916 SF

      York Rd

      FINANCIAL BUILDING • 1,916 SF
      York Rd, Sparks Glencoe, MD 21152
      View Details
    • Value Estimation by Request
      1,260 SF

      14821 York Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,260 SF
      14821 York Rd, Sparks, MD 21152-9318
      View Details
    • Value Estimation by Request
      700 SF

      15433 Fls Rd

      RETAIL STORES (PERSONAL SERVICES) • 700 SF
      15433 Fls Rd, Sparks, MD 21152-9589
      View Details
    • Value Estimation by Request
      1,920 SF

      10 Fila Way

      FINANCIAL BUILDING • 1,920 SF
      10 Fila Way, Sparks, MD 21152-9452
      View Details

    Similar Nearby for Sale

    • $650,000

      York Road Specialty Property

      Specialty property available for sale on York Road.
      15929 York Rd, Sparks Glencoe, MD 21152
      View Details
    • $510,000

      Specialty Property For Sale

      Specialty property available for purchase.
      11 Old Forge Garth, Sparks Glencoe, MD 21152
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    • $2,600,000
      8,086 SF

      Historic Estate with Modern Amenities

      A 1904 estate on 19.27 acres with luxurious amenities.
      1623 Glencoe Rd, Sparks Glencoe, MD 21152
      View Details
    • $1,700,000
      58.87 Acres

      Expansive Lot in Sparks Glencoe

      58.87-acre lot with building rights and subdivision potential.
      734 Belfast Rd, Sparks Glencoe, MD 21152
      View Details
    • Contact for pricing

      Undeveloped 13-Acre Site For Sale

      Undeveloped 13-acre site with existing storm water management facilities.
      934 Ridgebrook Rd, Sparks Glencoe, MD 21152
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    • Contact for pricing
      125,000 SF

      Industrial Property in Sparks Glencoe

      125,000 square foot industrial property with commercial potential.
      42 Loveton Cir, Sparks Glencoe, MD 21152
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    Similar Nearby for Lease

    • Contact for pricing
      7,200 SF

      Retail Pad Site For Lease

      Up to 7,200 SF pad site available for lease.
      10 Fila Way, Sparks Glencoe, MD 21152
      View Details
    • Contact for pricing
      155,000 SF

      Highlands Corporate Office Park

      Class A office space in Sparks, Maryland, with scenic views.
      931 Ridgebrook Rd, Sparks, MD 21152
      View Details
    • Contact for pricing
      1,793 SF

      Sparks Glencoe Office Space

      Office space available for rent in Sparks Glencoe, Maryland.
      913 Ridgebrook Rd, Sparks Glencoe, MD 21152
      View Details
    • Contact for pricing
      130,000 SF

      Loveton Business Park: Flex Space Available

      Modern Flex & R&D Space in Sparks, MD
      47 Loveton Cir, Sparks Glencoe, MD 21152
      View Details
    • Contact for pricing
      2,190 SF

      Sparks Glencoe Office Space Available

      Office space for rent in Sparks Glencoe, Maryland.
      909 Ridgebrook Rd, Sparks Glencoe, MD 21152
      View Details
    • $14 SF/Yr
      42,000 SF

      Office/Medical Suites For Lease

      Office and medical suites available for lease.
      10 Fila Way, Sparks Glencoe, MD 21152
      View Details
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    14833 York Rd
    Sparks, MD 21152-9318
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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