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Property profile & analytics
FOR LEASE
Warehouses
2217 Commerce Rd, Forest Hill, MD 21050
Trust Owned
7-yr Hold
Free & Clear
Property ID
US40-1419574
For Lease
1 / 2
$9 SF/Yr
2217 Commerce Rd, Forest Hill, MD 21050
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
BRICK
Total area
20,415 SF
Lot
2.2 ac (95,832 SF)
Zoning code
GI
APN
03-360806
UPID
US40-1419574
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
-
Fyzical Therapy and Balance Centers Forest Hill Medical Clinic
-
Joyce L. Coady, PTA Physician
-
Mary G. Roles, PTA Physician
-
Forest Hill Health & Fitness Gym & Fitness Center
-
Trellis ABA Services Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.32M
Blend (final)
Blend
$1.69M
Owner & transaction history
Martin Family Trust LLC · 7 yrs held
Martin Family Trust LLC
since 2019
4 recorded transactions
Zoning & alternative use
GI · Forest Hill, 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 Forest Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Hill 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
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$83 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,088
Tax year 2022
Assessed value
$1,257,100
Assessed 2023
Previous assessed
$1,200,800
+4.7% YoY
Effective rate
1.04%
On assessed value
Land market value
$430,000
Improvement market value
$939,700
Total market value
$1,369,700
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2002
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
20,415 SF
Lot
2.2 ac (95,832 SF)
Zoning code
GI
APN
03-360806
UPID
US40-1419574
Jurisdiction
HARFORD
Zoning & alternative use
GI · Forest Hill, MD
Zoning GI · permitted uses
GI · Forest Hill, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Martin Family Trust LLC
Trust
Free & Clear · 7 yrs held
Mailing address
109 E JARRETTSVILLE RD, FOREST HILL, MD 21050-1743
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2019
—
Martin Family Trust LLC
Martin,mary M
Quit Claim Deed
related
—
Jun 21, 2002
$220,000
Martin J R
Forest Hill Industrial Airpark
Grant Deed
$1,025,000 · Farmers Bank Of Maryland
—
—
N-4 LLC
—
Deed Of Trust
related
$1,690,000 · Provident Bank INC
—
—
N-4 LLC
—
Deed Of Trust
related
$1,500,000 · Provident Bank 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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