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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Warehouses
350 Granary Rd, Forest Hill, MD 21050-3060
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0329634
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
13,200 SF
Lot
2.3 ac (100,188 SF)
Zoning code
GI
APN
03-355373
UPID
US40-0329634
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
-
CrossFit Bel Air Gym & Fitness Center
-
Diamond Pros Baseball Sports Field & Court
-
Main Street Home Loans - St. Clair Team Loan Service Bank
-
Castle Road Construction Inc Construction Company General Contractor
-
Right at Home Home Health Care Service Home Help
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$2.34M
Owner & transaction history
350 Granary LLC · 13 yrs held
350 Granary LLC
since 2012
6 recorded transactions
Zoning & alternative use
GI · Forest Hill, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+40.5%
Commercial (general)
$3.0M
+29.1%
Office building
$2.7M
+13.7%
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 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,345,000
Current use
RETAIL STORES
$3,290,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,025,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$2,665,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±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
$177 / 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
$18,896
Tax year 2022
Assessed value
$1,784,200
Assessed 2023
Previous assessed
$1,733,700
+2.9% YoY
Effective rate
1.06%
On assessed value
Land market value
$302,500
Improvement market value
$1,582,700
Total market value
$1,885,200
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
Off-Market
Year built
2004
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
13,200 SF
Lot
2.3 ac (100,188 SF)
Zoning code
GI
APN
03-355373
UPID
US40-0329634
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2004
Heating
SPACE
Cooling
Yes
Stories
2
Units
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
350 Granary LLC
Entity
Mailing address
2801 COLLEGE VW DR, CHURCHVILLE, MD 21028-1204
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2012
—
350 Granary LLC
Hb Trust
Grant Deed
$950,000 · Harford Bank
May 15, 2012
$1,300,000
Hb Trust
Hallam William L
Trustees Deed
related
—
Dec 21, 2001
$162,500
Jlt Properties LLC
Bynum Run LLC
Grant Deed
$130,000 · Bay Net Bank
—
—
Jlt Properties LLC
—
Deed Of Trust
related
$300,000 · Rexel INC
—
—
Jlt Properties LLC
—
Deed Of Trust
related
$400,000 · Harford Bank
—
—
Jlt Properties LLC
—
Deed Of Trust
related
$100,000 · Capital Lighting & Supply 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.
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