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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Distribution centers
3713 Crondall Ln, Owings Mills, MD 21117-2204
Entity Owned
12-yr Hold
Free & Clear
Property ID
US40-1498384
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Construction
BRICK
Total area
8,561 SF
Lot
5.06 ac (220,414 SF)
Zoning code
MLIM
APN
04-2000011532
UPID
US40-1498384
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
Crondall Realty LLC · 12 yrs held
Crondall Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
MLIM · Owings Mills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+74.2%
Restaurant
$3.4M
+53.0%
Commercial (general)
$2.8M
+28.6%
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 Owings Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owings Mills 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
$2,215,000
Current use
AUTO REPAIR, GARAGE
$3,855,000
Change: +74% · Conversion: Easy
RESTAURANT
$3,385,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,845,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$2,030,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,945,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$1,825,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±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
$283 / 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
$14,197
Tax year 2023
Assessed value
$1,981,400
Assessed 2023
Previous assessed
$1,935,100
+2.4% YoY
Effective rate
0.72%
On assessed value
Land market value
$320,300
Improvement market value
$1,753,700
Total market value
$2,074,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
8,561 SF
Lot
5.06 ac (220,414 SF)
Zoning code
MLIM
APN
04-2000011532
UPID
US40-1498384
Jurisdiction
BALTIMORE
Zoning & alternative use
MLIM · Owings Mills, MD
Zoning MLIM · permitted uses
MLIM · Owings Mills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owings Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RESTAURANT
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1997
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
5.06 ac
Current owner
From public records · entity-resolved
Crondall Realty LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 604, OWINGS MILLS, MD 21117-0604
Ownership since
2014
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 24, 2018
—
Crondall Realty LLC
—
Deed
related
$4,335,000 · Suntrust Bk
Apr 28, 2014
—
Crondall Realty LLC
Schuster,daniel G & Jean K
Grant Deed
—
May 13, 2004
—
Daniel G Schuster
—
Deed Of Trust
related
$15,000,000 · Mercantile-safe Deposit & Trus
Jul 22, 2002
—
Daniel G Schuster
—
Deed Of Trust
related
$6,000,000 · Mercantile-safe Deposit & Trus
—
—
Daniel G Schuster
—
Deed Of Trust
related
$42,500,000 · Manufacturers Traders & Trust
—
—
Crondall Realty LLC
—
Loan Modification
related
$4,335,000 · Suntrust Bk
—
—
Crondall Realty LLC
—
Deed Of Trust
related
$527,000 · Suntrust Bk
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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