Entity Owned Property summary
AI-generated overview
This exceptional 17,625-square-foot Class A flex space, located at 215 E. Jarrettsville Road in Forest Hill, Maryland, presents a unique opportunity for businesses seeking a versatile and strategically positioned property. Built in 1995, this single-story building offers a blend of retail and office space, ideal for a showroom or similar use. The property sits on 1.3 acres of land, providing ample parking for employees and customers. Its prime location in Forest Hill ensures high visibility and easy access for clients. The space is currently available for multiple tenants. The property's "flex" designation highlights its adaptability to various business needs, making it an attractive option for a range of commercial enterprises. The building's excellent condition and convenient location combine to create a highly desirable commercial property in a thriving Maryland market. The 21050 zip code offers easy access to major transportation routes, further enhancing its appeal. This is a move-in ready space with significant potential for growth and success. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
BRICK
Total area
8,530 SF
Lot
1.3 ac (56,628 SF)
Zoning code
GI
APN
03-297519
UPID
US40-0804381
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
-
Furniture & Home Goods Home Decor Store
-
Furniture & Home Goods
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.60M
Owner & transaction history
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
GI · Forest Hill, MD
Top alternative use upside
Auto repair, garage
$2.7M
+76.1%
Retail stores
$2.1M
+40.5%
Commercial (general)
$2.0M
+29.1%
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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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
$1.60M
Value range
$1.44M – $1.76M
±10% around blend
Estimated value / SF
$188 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$1.44M
blend $1.60M
$1.76M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,530 SF
Lot area
1.3 ac
Year built
1995
Stories
1
APN
03-297519
Zoning
GI
Assessed value
$1,089,400
Annual tax
$11,935
3
Income approach: direct capitalization
Partial preview
Income approach indication
$970k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.05M
@ 6.5% CAP return
$970k
@ 7% CAP return
$900k
4
Sales comparison
Partial preview
Sales approach indication
$1.22M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
22.1 mi away · 6,474 SF
22.8 mi away · 9,044 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.60M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 58 sales
$178
+6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $188/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+76%
vs current-use indication
Retail Stores
Commercial (general)
Office Building
Warehouse, Storage · current use
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
Modeled
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: income and sales evidence cover the value conclusion.
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
3.90%
Implied, in-place cap rate for this warehouses
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 · 3.90%
9.0%
NOI (est.)
$112k *
Last sale · May 2024
$1.60M
* 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$2.87M
Move the market yield to see immediate price impact.
Value / SF
$337
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
3.40%3.90%4.40%
$101k
$2.96M
$2.58M
$2.29M
$112k
$3.29M
$2.87M
$2.55M
$123k
$3.62M
$3.16M
$2.80M
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
$1.80M
21.2 mi · Oct 2025 · $225/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,935
Tax year 2022
Assessed value
$1,089,400
Assessed 2023
Previous assessed
$1,095,100
-0.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$320,000
Assessed improvement
$769,400
Land market value
$320,000
Improvement market value
$769,400
Total market value
$1,089,400
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
SPACE
Cooling
YES
Stories
1
Units
2
Total area
8,530 SF
Lot
1.3 ac (56,628 SF)
Zoning code
GI
APN
03-297519
UPID
US40-0804381
Jurisdiction
HARFORD
Zoning & alternative use
GI · Forest Hill, MDZoning GI · permitted uses
GI · Forest Hill, 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
1995
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
1.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GI
Jurisdiction
Forest Hill, MD
Recorded code
GI
Ownership Intelligence
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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
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Owner of record and activity signals are derived from public records and modeled classifications.
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