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Property profile & analytics
OFF-MARKET
Estimated value
$5,140,000
Office buildings
235 Schilling Cir Hunt Valley, MD 21031-1118
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-0835673
Property summary
AI-generated overview
Schilling Square 1, located at 235 Schilling Circle in Cockeysville, Maryland, 21031, offers exceptional executive office space for lease. This prestigious building boasts a total of 86,930 square feet, with flexible options available for tenants. Currently, there are 25,629 square feet of vacant space, divisible into units ranging from a minimum of 10,629 square feet to a maximum contiguous space of 15,000 square feet. The building is zoned ML-IM and situated in the desirable Route 83 Corridor North submarket of Baltimore County. Enjoy comfortable ceiling heights of 9'10". Ample parking is provided with a ratio of 4 spaces per 1000 square feet. This property presents a unique opportunity for businesses seeking modern, efficient, and conveniently located office space in Hunt Valley. The building's prime location offers easy access to major transportation routes, making it an ideal choice for companies seeking a strategic business address. This is a multi-tenant building, providing a vibrant and collaborative work environment. Contact us today to learn more about leasing opportunities at Schilling Square 1.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
45,156 SF
Lot
4.15 ac (180,774 SF)
Zoning code
ML
APN
08-2400013343
UPID
US40-0835673
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
by Request
CAP Approach
CAP
$5.20M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$5.14M
Owner & transaction history
MERRITTSC1 LLC
MERRITTSC1 LLC
Zoning & alternative use
ML · Hunt Valley, 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 Hunt Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hunt Valley 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%
$5,630,000
6.5%
$5,195,000
7%
$4,825,000
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±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
$114 / 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
$45,537
Tax year 2023
Assessed value
$6,882,600
Assessed 2023
Previous assessed
$7,208,700
-4.5% YoY
Effective rate
0.66%
On assessed value
Assessed land
$3,111,600
Assessed improvement
$3,771,000
Land market value
$3,111,600
Improvement market value
$3,771,000
Total market value
$6,882,600
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 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
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
45,156 SF
Lot
4.15 ac (180,774 SF)
Zoning code
ML
APN
08-2400013343
UPID
US40-0835673
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Hunt Valley, MDZoning ML · permitted uses
ML · Hunt Valley, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
MERRITTSC1 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2066 LORD BALTIMORE DR, BALTIMORE, MD 21244-2501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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