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Property profile & analytics
FOR SALE
Office buildings
4 N Park Dr Hunt Valley, MD 21030
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US40-1359807
For Sale
1 / 4
$18,800,000
4 N Park Dr, Hunt Valley, MD 21030
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
130,000 SF
Lot
7.03 ac (306,227 SF)
Zoning code
MLR
APN
08-2000008255
UPID
US40-1359807
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
$14.96M
Comparable Approach
Comparable
$20.14M
Blend (final)
Blend
$18.80M
Owner & transaction history
North Park Realty I LLC
North Park Realty I LLC
since 2025
Last sale
$20.1M
7 recorded transactions
Zoning & alternative use
MLR · Cockeysville, 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%
$16,205,000
6.5%
$14,955,000
7%
$13,890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$30,840,000
Current use
MEDICAL BUILDING
$29,550,000
Change: -4% · Conversion: Easy
RETAIL STORES
$27,710,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$18.80M
Range $16.92M – $20.68M · ±10% · vs last sale $20.05M (May 4 2025)
Last sale anchor
$20.05M
May 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
$145 / 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
$223,337
Tax year 2023
Assessed value
$12,102,700
Assessed 2024
Previous assessed
$12,102,700
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$2,761,900
Assessed improvement
$9,340,800
Land market value
$2,761,900
Improvement market value
$9,340,800
Total market value
$12,102,700
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 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 Sale
Year built
1987
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
5
Units
2
Total area
130,000 SF
Lot
7.03 ac (306,227 SF)
Zoning code
MLR
APN
08-2000008255
UPID
US40-1359807
Jurisdiction
BALTIMORE
Zoning & alternative use
MLR · Cockeysville, MD
Zoning MLR · permitted uses
MLR · Cockeysville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cockeysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$30.8M
MEDICAL BUILDING
Est. value
$29.6M
RETAIL STORES
Est. value
$27.7M
OFFICE BUILDING Current
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
1987
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Units
2
Lot
7.03 ac
Current owner
From public records · entity-resolved
North Park Realty I LLC
Entity
Mailing address
2328 W JOPPA RD STE #200, LUTHERVILLE, MD 21093-4674
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
North Park Realty I LLC
—
Deed
related
$20,000,000 · Orrstown Bank
Aug 4, 2025
$20,050,000
North Park Realty I LLC
North Park Ventures LLC
Deed
$4,329,078 · Edward St John LLC
Sep 28, 2022
$285,500
1006 S Us Highwya 1 LLC
Dwain L Worsley II
Deed
—
May 17, 2019
$44,000,000
North Park Ventures LLC
Lsop 3 Md 2 LLC
Special Warranty Deed
$28,600,000 · Pnc Bank NA
Jun 20, 2018
—
Lsop 3 Md 2 LLC
—
Deed
related
$242,020,676 · Deutsche Bank
Feb 24, 2014
$40,790,000
Lsop 3 Md 2 LLC
Liberty Property Limited Partnershi
Deed
—
Nov 7, 2003
$40,750,000
Liberty Property LP
Tiaa Realty INC
Grant Deed
—
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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