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Property profile & analytics
OFF-MARKET
Estimated value
$7,770,000
Medical Office Space
1734 York Rd Lutherville Timonium, MD 21093-5606
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-0534121
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Construction
BRICK
Total area
43,290 SF
Lot
2.93 ac (127,631 SF)
Zoning code
BLCCC
APN
08-0807030300
UPID
US40-0534121
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
-
Fredric S. Sirkis, M.D.: Mercy Medical Center Physician
-
Mercy Personal Physicians at Lutherville Medical Clinic
-
Richard L. Huslig, M.D. Physician
-
Dr. Meredith Watts Physician Medical Clinic
-
R. Mark Ellerkmann, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.06M
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$7.77M
Owner & transaction history
Cmk2 Lutherville LLC · 8 yrs held
Cmk2 Lutherville LLC
since 2018
6 recorded transactions
Zoning & alternative use
BLCCC · Lutherville Timonium, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$11.2M
+13.7%
Office building
$10.3M
+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 Timonium submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lutherville Timonium 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%
$8,730,000
6.5%
$8,060,000
7%
$7,485,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,840,000
Current use
WAREHOUSE, STORAGE
$11,190,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$10,270,000
Change: +4% · Conversion: Easy
RETAIL STORES
$9,230,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.77M
Range $6.99M – $8.55M · ±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
$179 / 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
$163,075
Tax year 2023
Assessed value
$12,152,200
Assessed 2023
Previous assessed
$12,152,200
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$3,296,200
Assessed improvement
$8,856,000
Land market value
$3,296,200
Improvement market value
$8,856,000
Total market value
$12,152,200
Applied tax rate
8.0000
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
Off-Market
Year built
1964
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
43,290 SF
Lot
2.93 ac (127,631 SF)
Zoning code
BLCCC
APN
08-0807030300
UPID
US40-0534121
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCCC · Lutherville Timonium, MDZoning BLCCC · permitted uses
BLCCC · Lutherville Timonium, 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
$9.8M
WAREHOUSE, STORAGE
Est. value
$11.2M
OFFICE BUILDING
Est. value
$10.3M
RETAIL STORES
Est. value
$9.2M
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
1964
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
Cmk2 Lutherville LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
Ownership since
2018
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
May 11, 2018
$23,000,000
Cmk2 Lutherville LLC
Lutherville Timonium I Medical Prop
Special Warranty Deed
—
Nov 30, 2015
$19,500,000
Lutherville-timonium I Medical
Windsor Mercy Holdings II LLC
Grant Deed
$14,360,000 · Bmo Harris Bk NA
Sep 7, 2010
—
Windsor Mercy Holdings II LLC
—
Deed Of Trust
related
$9,400,000 · Pnc Bank
Jun 23, 2010
$4,800,000
Windsor Mercy Holdings II LLC
Haddon Charles LP
Grant Deed
related
—
—
—
Windsor Mercy Holdings II LLC
—
Deed Of Trust
related
$1,000,000 · Pnc Bank
—
—
Windsor Mercy Holdings II LLC
—
Loan Modification
related
$11,985,000 · Pnc 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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