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Property profile & analytics
FOR LEASE
Distribution centers
221 Cockeysville Rd Cockeysville, MD 21030
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1138280
For Lease
1 / 3
$3,755,000
221 Cockeysville Rd, Cockeysville, MD 21030
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Construction
BRICK
Total area
35,358 SF
Lot
1.79 ac (77,972 SF)
Zoning code
ML
APN
08-1600003670
UPID
US40-1138280
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.06M
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$3.76M
Owner & transaction history
Five III Mdi LLC · 2 yrs held
Five III Mdi LLC
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
ML · Cockeysville, 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 Cockeysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cockeysville 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
$4,025,000
ML approach
$4,060,000
CAP Approach
CAP Return
Estimation
6%
$3,880,000
6.5%
$3,585,000
7%
$3,325,000
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±10% · vs last sale $3.75M (Oct 27 2023)
Last sale anchor
$3.75M
Oct 27 2023
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
$106 / 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
$15,809
Tax year 2023
Assessed value
$2,556,200
Assessed 2023
Previous assessed
$2,556,200
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$761,100
Assessed improvement
$1,795,100
Land market value
$761,100
Improvement market value
$1,795,100
Total market value
$2,556,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1973
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
35,358 SF
Lot
1.79 ac (77,972 SF)
Zoning code
ML
APN
08-1600003670
UPID
US40-1138280
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Cockeysville, MD
Zoning ML · permitted uses
ML · Cockeysville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cockeysville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Five III Mdi LLC
Entity
Mailing address
221 COCKEYSVILLE RD, COCKEYSVILLE, MD 21030-2125
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
$3,750,000
Five III Mdi LLC
Laker Partners LLC
Special Warranty Deed
—
Apr 21, 2020
$2,750,000
Laker Partners LLC
Celadon Realty LLC
Grant Deed
—
Dec 19, 2019
—
Celadon Realty LLC
—
Grant Deed
related
$60,000,000 · Midcap Funding IV Trust (ct)
Aug 7, 2019
—
Celadon Realty LLC
—
Deed
related
$105,000 · Blue Torch Fin LLC
Mar 29, 2019
—
Celadon Realty LLC
A & S Real Estate Holdings LLC
Grant Deed
—
Aug 16, 2017
—
A & S Real Estate Holdings LLC
—
Deed
related
$3,825,000 · Bank Of America
Mar 23, 2015
$2,450,000
A & S Real Est Holdings LLC
Glover Equipment INC
Grant Deed
—
Dec 29, 2011
—
Glover Equipment INC
—
Deed Of Trust
related
$3,650,000 · Oba Fsb
Apr 5, 2007
—
Glover Equipment INC
—
Deed Of Trust
related
$2,500,000 · Bay National Bank
—
—
Glover Equipment INC
—
Deed Of Trust
related
—
—
—
Celadon Realty LLC
—
Loan Modification
related
$105,000 · Blue Torch Fin LLC
—
—
A & S Real Estate Holdings LLC
—
Deed Of Trust
related
$3,825,000 · Bank Of America
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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