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Property profile & analytics
OFF-MARKET
Estimated value
$7,590,000
Office buildings
2 Loveton Cir, Sparks, MD 21152-9273
Entity Owned
13-yr Hold
Free & Clear
Property ID
US40-0929522
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
29,536 SF
Lot
11.98 ac (521,849 SF)
Zoning code
ML
APN
08-1900002765
UPID
US40-0929522
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
-
Kenneth Tepper, MD Physician
-
MedStar Health: Medical Center at Hunt Valley Medical Clinic
-
Karen Frangione Physician
-
Jason Andrew Stein, MD Physician
-
Frank R Ebert Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.73M
Blend (final)
Blend
$7.59M
Owner & transaction history
Us Lacrosse Center LLC · 13 yrs held
Us Lacrosse Center LLC
since 2012
2 recorded transactions
Zoning & alternative use
ML · Sparks, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.7M
+86.3%
Commercial (general)
$9.8M
+56.6%
Warehouse, storage
$7.6M
+21.7%
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 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
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
OFFICE BUILDING
$6,270,000
Current use
RESTAURANT
$11,685,000
Change: +86% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,820,000
Change: +57% · Conversion: Easy
WAREHOUSE, STORAGE
$7,635,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$6,715,000
Change: +7% · Conversion: Easy
RETAIL STORES
$6,295,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$7.59M
Range $6.83M – $8.35M · ±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
$257 / 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
$181,758
Tax year 2023
Assessed value
$14,836,967
Assessed 2023
Previous assessed
$14,522,400
+2.2% YoY
Effective rate
1.23%
On assessed value
Land market value
$4,043,200
Improvement market value
$11,422,900
Total market value
$15,466,100
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
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
29,536 SF
Lot
11.98 ac (521,849 SF)
Zoning code
ML
APN
08-1900002765
UPID
US40-0929522
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.3M
RESTAURANT
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$9.8M
WAREHOUSE, STORAGE
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
11.98 ac
Current owner
From public records · entity-resolved
Us Lacrosse Center LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2 LOVETON CIR, SPARKS, MD 21152-9273
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2012
$4,500,000
Us Lacrosse Center LLC
Merritt-lv1 LLC
Grant Deed
—
Nov 14, 2012
—
Us Lacrosse Center LLC
—
Deed Of Trust
related
$4,500,000 · Us Lacrosse INC
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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