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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office buildings
2331 York Rd Lutherville Timonium, MD 21093-2269
Individually Owned
2-yr Hold
Free & Clear
Property ID
US40-1383436
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
BRICK
Total area
20,550 SF
Lot
1.34 ac (58,370 SF)
Zoning code
RO
APN
08-0811018500
UPID
US40-1383436
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
-
Effy Lamp (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Christopher Marsiglia | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
-
Purie Paramedical Skin & Body Care, Inc. Medical Clinic Skin Care Clinic
-
Direct MD Cash Home Buyers Real Estate Agency
-
Impact Home Team Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.22M
Owner & transaction history
Lance P Keil · 2 yrs held
Lance P Keil
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
RO · Lutherville Timonium, 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 Lutherville Timonium submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lutherville Timonium 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
$1,290,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.20M (Aug 21 2023)
Last sale anchor
$1.20M
Aug 21 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
$59 / 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
$9,053
Tax year 2023
Assessed value
$1,329,900
Assessed 2023
Previous assessed
$1,514,600
-12.2% YoY
Effective rate
0.68%
On assessed value
Assessed land
$791,400
Assessed improvement
$538,500
Land market value
$791,400
Improvement market value
$538,500
Total market value
$1,329,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
20,550 SF
Lot
1.34 ac (58,370 SF)
Zoning code
RO
APN
08-0811018500
UPID
US40-1383436
Jurisdiction
BALTIMORE
Zoning & alternative use
RO · Lutherville Timonium, MD
Zoning RO · permitted uses
RO · Lutherville Timonium, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lutherville Timonium. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Lance P Keil
Individual
Free & Clear · 2 yrs held
Mailing address
100 W PENNSYLVANIA AVE STE #200, TOWSON, MD 21204-4541
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
—
Lance P Keil
Lance P Keil
Intrafamily Transfer
related
—
Jul 27, 2021
—
Lance P Keil
—
Deed
related
$1,525,000 · Standard Insurance Co
Jan 7, 2013
—
2331 York Road LLC
—
Deed Of Trust
related
$1,400,000 · Susquehanna Bank
Jan 28, 2011
$1,200,000
2331 York Road LLC
Mccash Sally P
Trustees Deed
$960,000 · Cfg Community Bank
May 18, 1998
$1,300,000
2331 York Associates LLC
Wetzel,john C
Grant Deed
$1,300,000 · Sparks State Bank
—
—
305 Washington Avenue LLC
—
Deed Of Trust
related
$3,697,829 · First Mariner Bank
—
—
2331 York Assoc LLC
—
Deed Of Trust
related
$1,875,000 · First Mariner 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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