Entity Owned 
For Lease
1 / 12
$3,285,000
2045 York Rd, Lutherville Timonium, MD 21093
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Property summary
AI-generated overview
This exceptional 3,900 square foot executive office space is ideally situated at 2045 York Road in Timonium, Maryland, zip code 21093. The property boasts a single-tenant occupancy, offering complete control and privacy for your business. The entire space is currently vacant and ready for immediate occupancy, allowing for seamless customization to perfectly suit your company's needs. Classified as Retail and Office, this property is zoned BL (Business Local) within Baltimore County, providing flexibility for a variety of professional uses. The building's total square footage is 3,900 square feet, all of which is available for lease. Its convenient location in Timonium offers excellent accessibility and visibility, making it an attractive option for businesses seeking a prominent presence in a thriving commercial area. The property is ready for immediate lease and presents a unique opportunity for a business seeking a well-located, spacious, and adaptable office environment. Interested parties are encouraged to inquire promptly to secure this exceptional space. The property's address is 2045 York Road, Timonium, MD 21093. Geographic coordinates are 39.4381698 latitude and -76.6247853 longitude.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
BRICK
Total area
14,829 SF
Lot
0.73 ac (31,668 SF)
Zoning code
BL
APN
08-0814090130
UPID
US40-2132805
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Insurance Agency
-
Insurance Agency
-
Insurance Agency
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$3.29M
Owner & transaction history
since 2023
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
BL · Lutherville Timonium, MD
Top alternative use upside
Commercial (general)
$4.9M
+40.1%
Warehouse, storage
$3.8M
+9.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.29M
Value range
$2.96M – $3.61M
±10% around blend
Estimated value / SF
$222 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$2.96M
blend $3.29M
$3.61M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,829 SF
Lot area
0.73 ac
Year built
1985
Stories
3
APN
08-0814090130
Zoning
BL
Assessed value
$1,897,933
Annual tax
$11,953
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.78M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.1 mi away · 13,362 SF
11.5 mi away · 13,979 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 288 sales
$237
-7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $222/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+40%
vs current-use indication
Warehouse, Storage
Office Building · current use
Medical Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.40%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.40%
9.0%
NOI (est.)
$214k *
Last sale · Jan 2023
$3.06M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.30M
Move the market yield to see immediate price impact.
Value / SF
$425
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.90%3.40%3.90%
$193k
$6.65M
$5.67M
$4.94M
$214k
$7.39M
$6.30M
$5.49M
$236k
$8.12M
$6.93M
$6.04M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$2.44M
4.3 mi · Dec 2025 · $191/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,953
Tax year 2023
Assessed value
$1,897,933
Assessed 2023
Previous assessed
$1,875,000
+1.2% YoY
Effective rate
0.63%
On assessed value
Land market value
$797,500
Improvement market value
$1,146,300
Total market value
$1,943,800
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
14,829 SF
Lot
0.73 ac (31,668 SF)
Zoning code
BL
APN
08-0814090130
UPID
US40-2132805
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Lutherville Timonium, MDZoning BL · permitted uses
BL · Lutherville Timonium, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
0.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BL
Jurisdiction
Lutherville Timonium, MD
Recorded code
BL
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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