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Property profile & analytics
FOR LEASE
Office buildings
2925 Lord Baltimore Dr, Windsor Mill, MD 21244
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-2399181
For Lease
1 / 36
$7,333/Mo
2925 Lord Baltimore Dr, Windsor Mill, MD 21244
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
29,760 SF
Lot
2.06 ac (89,734 SF)
Zoning code
ML
APN
02-2400009038
UPID
US40-2399181
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
-
Hares Banuwal Physician
-
New Beginnings 410 Loan Service Financial Advisor
-
side effects of Intacs Medical Clinic
-
Yewande Kehinde Physician
-
Ok Park Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$4.79M
Owner & transaction history
Transerve LLC · 1 yrs held
Transerve LLC
since 2025
Last sale
$6.2M
4 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.9M
+12.4%
Restaurant
$6.8M
+10.7%
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 Windsor Mill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Windsor Mill 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
$3,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,110,000
Current use
AUTO REPAIR, GARAGE
$6,865,000
Change: +12% · Conversion: Difficult
RESTAURANT
$6,765,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,450,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,905,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±10% · vs last sale $6.21M (Jan 4 2025)
Last sale anchor
$6.21M
Jan 4 2025
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
$161 / 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
$15,449
Tax year 2023
Assessed value
$2,400,833
Assessed 2023
Previous assessed
$2,397,967
+0.1% YoY
Effective rate
0.64%
On assessed value
Land market value
$618,000
Improvement market value
$1,785,700
Total market value
$2,403,700
Applied tax rate
2.0000
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
For Lease
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
29,760 SF
Lot
2.06 ac (89,734 SF)
Zoning code
ML
APN
02-2400009038
UPID
US40-2399181
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Baltimore, MD
Zoning ML · permitted uses
ML · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RESTAURANT
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Transerve LLC
Entity
Mailing address
2020 PENNSYLVANIA AVE NW STE #235, WASHINGTON, DC 20006-1811
Ownership since
2025
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
Apr 4, 2025
$6,210,000
Transerve LLC
Adventure Bay LLC
Deed
$4,968,000 · Sandy Spring Bank
Jul 11, 2022
$3,200,000
Adventure Bay LLC
Jitiy LLC
Deed
$2,400,000 · Sandy Spring Bank
Mar 14, 2005
$440,000
Jitiy LLC
Sbm Realty Holdings LLC
Grant Deed
—
—
—
Jitiy LLC
—
Deed Of Trust
related
$4,200,000 · 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.
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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