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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Industrial properties
4 Newport Dr, Forest Hill, MD 21050-1647
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0149464
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1989
Construction
BRICK
Total area
24,000 SF
Lot
1.83 ac (79,715 SF)
Zoning code
C&I
APN
03-247422
UPID
US40-0149464
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
-
Ben Franklin Plumbing Plumbing Service General Contractor
-
Epoxy Coatings Specialties, Inc. General Contractor Renovation Specialist
-
Gary Blough Insurance Insurance Agency
-
gorillaz fitness Gym & Fitness Center
-
AnswerPro Telecommunications Service Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.26M
Owner & transaction history
Nadd Patel 3 LLC · 11 yrs held
Nadd Patel 3 LLC
since 2014
7 recorded transactions
Zoning & alternative use
C&I · Forest Hill, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.0M
+30.5%
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
INDUSTRIAL (GENERAL)
$1,560,000
Current use
WAREHOUSE, STORAGE
$2,040,000
Change: +30% · Conversion: Easy
MEDICAL BUILDING
$1,560,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$53 / 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
$18,720
Tax year 2022
Assessed value
$1,764,067
Assessed 2023
Previous assessed
$1,717,600
+2.7% YoY
Effective rate
1.06%
On assessed value
Land market value
$595,000
Improvement market value
$1,262,000
Total market value
$1,857,000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
24,000 SF
Lot
1.83 ac (79,715 SF)
Zoning code
C&I
APN
03-247422
UPID
US40-0149464
Jurisdiction
HARFORD
Zoning & alternative use
C&I · Forest Hill, MD
Zoning C&I · permitted uses
C&I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
MEDICAL 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
1989
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Nadd Patel 3 LLC
Entity
Mailing address
1603 KINGS VW DR, BEL AIR, MD 21015-8400
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
Dec 27, 2019
—
Nadd Patel 3 LLC
—
Deed
related
$1,685,000 · Farmers & Merchants Nat'l Bk
Jul 15, 2014
$2,385,000
Nadd Patel 3 LLC
Newport Drive LLC
Grant Deed
$1,685,000 · Farmers & Merchants Nat'l Bk
Sep 6, 2007
$1,880,000
Newport Drive LLC
Dixon Investment I LLC
Deed Of Trust
$1,580,000 · Carrollton Bank
Nov 13, 2001
$1,125,000
Dixon Investment I LLC
Forest Hill Business Center
Grant Deed
$1,050,000 · Forest Hill State Bank
Nov 13, 2001
—
Dixon Investments I LLC
—
Deed Of Trust
related
$1,050,000 · Forest Hill State Bank
—
—
Nadd Patel 3 LLC
—
Loan Modification
related
$1,685,000 · Farmers & Merchants Nat'l Bk
—
—
Dixon Investments I LLC
—
Deed Of Trust
related
$1,200,000 · Mercantile County 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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