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Property profile & analytics
FOR LEASE
Office buildings
18 Loveton Cir, Sparks, MD 21152
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1118731
For Lease
1 / 2
$7,540,000
18 Loveton Cir, Sparks, MD 21152
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
BRICK
Total area
82,797 SF
Lot
12.14 ac (528,818 SF)
Zoning code
ML
APN
08-1900002767
UPID
US40-1118731
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
-
McCormick Retiree Association Association / Organization
-
High's Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.53M
Comparable Approach
Comparable
$7.97M
Blend (final)
Blend
$7.54M
Owner & transaction history
18 Loveton Circle LLC · 4 yrs held
18 Loveton Circle LLC
since 2022
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
ML · Sparks, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sparks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparks 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
$5,970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,320,000
6.5%
$9,525,000
7%
$8,845,000
Blend value · Realmo final
$7.54M
Range $6.79M – $8.29M · ±10% · vs last sale $5.00M (Jan 12 2022)
Last sale anchor
$5.00M
Jan 12 2022
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
$91 / 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
$31,480
Tax year 2023
Assessed value
$4,384,000
Assessed 2023
Previous assessed
$4,993,200
-12.2% YoY
Effective rate
0.72%
On assessed value
Land market value
$2,106,100
Improvement market value
$2,887,100
Total market value
$4,993,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1991
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
3
Units
2
Total area
82,797 SF
Lot
12.14 ac (528,818 SF)
Zoning code
ML
APN
08-1900002767
UPID
US40-1118731
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Sparks, MD
Zoning ML · permitted uses
ML · Sparks, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparks. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
2
Units
2
Lot
12.14 ac
Current owner
From public records · entity-resolved
18 Loveton Circle LLC
Entity
Mailing address
18 LOVETON CIR, SPARKS, MD 21152-9202
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$5,000,000
18 Loveton Circle LLC
Mccormicjk & Company Incorported
Deed
$4,000,000 · Manufacturers & Traders Trust 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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