New search
Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Community centers
1528 Rock Spg Rd, Forest Hill, MD 21050-2860
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0976076
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2018
Total area
12,636 SF
Lot
2.07 ac (90,169 SF)
Zoning code
B2
APN
03-377156
UPID
US40-0976076
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
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Drew Williams Physician
-
The Teal Antler Boutique Clothing & Fashion Store
-
University of Maryland Urgent Care - Forest Hill (Formerly ChoiceOne) Medical Clinic
-
Venus Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$780k
Owner & transaction history
Frogtown Retail LLC · 10 yrs held
Frogtown Retail LLC
since 2016
4 recorded transactions
Zoning & alternative use
B2 · Forest Hill, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+112.3%
Industrial (general)
$820,000
+62.7%
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
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Current use
WAREHOUSE, STORAGE
$1,075,000
Change: +112% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$820,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$62 / 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
$38,227
Tax year 2022
Assessed value
$3,636,467
Assessed 2023
Previous assessed
$3,507,400
+3.7% YoY
Effective rate
1.05%
On assessed value
Land market value
$1,140,700
Improvement market value
$2,753,900
Total market value
$3,894,600
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2018
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
12,636 SF
Lot
2.07 ac (90,169 SF)
Zoning code
B2
APN
03-377156
UPID
US40-0976076
Jurisdiction
HARFORD
Zoning & alternative use
B2 · Forest Hill, MD
Zoning B2 · permitted uses
B2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$505,000
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2018
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.07 ac
Current owner
From public records · entity-resolved
Frogtown Retail LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3504 OLD CT RD, BALTIMORE, MD 21208-3123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
—
Frogtown Retail LLC
—
Grant Deed
related
$8,400,000 · Miscellaneous Ins Co
Mar 11, 2016
$2,450,000
Frogtown Retail LLC
1526 Rock Spring Road LLC
Grant Deed
—
Oct 6, 2010
—
1526 Rock Spring Road LLC
—
Deed Of Trust
related
$2,630,000 · Manufacturers Traders & Trust
Jan 20, 2006
—
1528 Rock Spring Road LLC
Blake,ruth B
Grant Deed
$3,630,000 · Bradford 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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