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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
227 Main St, Reisterstown, MD 21136-1223
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1260413
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
BRICK
Total area
3,968 SF
Lot
0.4 ac (17,500 SF)
Zoning code
BL
APN
04-0423000552
UPID
US40-1260413
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
-
RLK Security Security Service
-
Randallstown Lock & Key, Inc Locksmith
-
Randallstown Lock & Key Inc. t/a RLK Security Locksmith
-
Insolationists HVAC Service General Contractor
-
Austenson P B Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$530k
Owner & transaction history
Next Empire Real Estate LLC · 5 yrs held
Next Empire Real Estate LLC
since 2021
Last sale
$480,000
7 recorded transactions
Zoning & alternative use
BL · Reisterstown, 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 Reisterstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reisterstown 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
$570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $480k (Feb 22 2021)
Last sale anchor
$480k
Feb 22 2021
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
$134 / 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
$2,734
Tax year 2023
Assessed value
$360,433
Assessed 2023
Previous assessed
$305,400
+18.0% YoY
Effective rate
0.76%
On assessed value
Land market value
$147,500
Improvement market value
$323,000
Total market value
$470,500
Applied tax rate
4.0000
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
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
3,968 SF
Lot
0.4 ac (17,500 SF)
Zoning code
BL
APN
04-0423000552
UPID
US40-1260413
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Reisterstown, MD
Zoning BL · permitted uses
BL · Reisterstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reisterstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Next Empire Real Estate LLC
Entity
Mailing address
2515 BOSTON STP8, BALTIMORE, MD 21224-4739
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
$480,000
Next Empire Real Estate LLC
227 Main Street LLC
Deed
$358,000 · Peoples Bank
Apr 25, 2018
—
227 Main Street LLC
—
Deed
related
$190,410 · Farmers & Merchants Nat'l Bk
Dec 17, 2012
—
S Bradley Knatz
Knatz Robert S JR
Quit Claim Deed
$212,300 · Farmers & Merchants Bank
—
—
Robert S Knatz JR.
—
Deed Of Trust
related
$137,992 · Bosley James R JR (te)
—
—
Robert S Knatz
—
Deed Of Trust
related
$154,000 · Farmers & Merchants Bk & Tr
—
—
227 Main Street LLC
—
Loan Modification
related
$190,410 · Farmers & Merchants Nat'l Bk
—
—
Robert S Knatz
—
Deed Of Trust
related
$33,000 · Farmers & Merchants Nat'l Bank
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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