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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Manufacturing properties
1925 Greenspring Dr, Lutherville Timonium, MD 21093-4128
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0769891
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
BRICK
Total area
12,012 SF
Lot
0.91 ac (39,640 SF)
Zoning code
ML
APN
08-0823037130
UPID
US40-0769891
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
-
Mosaic Community Services - Professional Program Medical Clinic
-
Mosaic Community Services Psychiatric Rehabilitation Medical Clinic
-
Teresa Mccord Foster Care Service Social Service Agency
-
Melissa Fletcher Foster Care Service Social Service Agency
-
Supriya Narang Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.30M
Owner & transaction history
1925 Ltd · 6 yrs held
1925 Ltd
since 2020
6 recorded transactions
Zoning & alternative use
ML · Lutherville Timonium, 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 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%
$1,585,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,810,000
Current use
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$108 / 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
$8,453
Tax year 2023
Assessed value
$1,255,800
Assessed 2023
Previous assessed
$1,304,700
-3.7% YoY
Effective rate
0.67%
On assessed value
Assessed land
$719,600
Assessed improvement
$536,200
Land market value
$719,600
Improvement market value
$536,200
Total market value
$1,255,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
1
Units
2
Total area
12,012 SF
Lot
0.91 ac (39,640 SF)
Zoning code
ML
APN
08-0823037130
UPID
US40-0769891
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Lutherville Timonium, MD
Zoning ML · permitted uses
ML · Lutherville Timonium, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lutherville Timonium. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
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
1967
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
2
Units
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
1925 Ltd
Individual
Mailing address
5621 OLD FREDERICK RD, BALTIMORE, MD 21228-1554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Feb 24, 2020
—
1925 Ltd
—
Deed
related
$1,250,000 · Arundel Fsb
Jun 11, 2019
—
1925 Ltd
—
Deed
related
$1,250,000 · Rosedale Fed'l S&l Assn
Nov 20, 2018
—
1925 Ltd
—
Deed
related
$1,050,000 · Rosedale Fed'l S&l Assn
—
—
1925 Ltd
—
Loan Modification
related
$1,250,000 · Rosedale Fed'l S&l Assn
—
—
1925 Ltd
—
Deed Of Trust
related
$1,050,000 · Rosedale Fed'l S&l Assn
—
—
1925 Ltd
—
Deed Of Trust
related
$1,250,000 · Arundel Fsb
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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