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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
1931 Greenspring Dr Lutherville Timonium, MD 21093-4113
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0937373
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
BRICK
Total area
4,760 SF
Lot
1 ac (43,560 SF)
Zoning code
ML
APN
08-0820020580
UPID
US40-0937373
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
-
Dr. Raymond S. Hoffman, MD Physician
-
New Ventures Rehabilitation Crisis Center Medical Clinic
-
LASZLO RICHARD TRAZKOVICH Physician
-
Khizar Khan Physician
-
Sheila Savage, Trainee Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$895k
Owner & transaction history
1931 LLC · 6 yrs held
1931 LLC
since 2020
5 recorded transactions
Zoning & alternative use
ML · Lutherville Timonium, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+9.0%
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%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,130,000
Current use
WAREHOUSE, STORAGE
$1,230,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$1,080,000
Change: -4% · Conversion: Easy
RETAIL STORES
$1,015,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$188 / 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
$12,636
Tax year 2023
Assessed value
$1,908,500
Assessed 2023
Previous assessed
$1,908,500
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$750,700
Assessed improvement
$1,157,800
Land market value
$750,700
Improvement market value
$1,157,800
Total market value
$1,908,500
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
Off-Market
Year built
1999
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
4,760 SF
Lot
1 ac (43,560 SF)
Zoning code
ML
APN
08-0820020580
UPID
US40-0937373
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
OFFICE BUILDING Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL 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
1999
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
2
Lot
1 ac
Current owner
From public records · entity-resolved
1931 LLC
Entity
Mailing address
13 PEBBLE LN, TIMONIUM, MD 21093-3367
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2020
—
1931 LLC
—
Deed
related
$1,000,000 · Arundel Fsb
Dec 14, 2018
—
1931 LLC
—
Deed
related
$800,000 · Rosedale Fed'l S&l Assn
—
—
1931 LLC
—
Deed Of Trust
related
$800,000 · Rosedale Fed'l S&l Assn
—
—
1931 LLC
—
Deed Of Trust
related
$1,000,000 · Arundel Fsb
—
—
1931 LLC
—
Deed Of Trust
related
$900,000 · Rosedale Federal S & L Assn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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