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Property profile & analytics
OFF-MARKET
Office buildings
4309 Shr Rd, Sparrows Point, MD 21219-1033
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-0066495
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Construction
FRAME
Total area
1,200 SF
Lot
0.73 ac (31,973 SF)
Zoning code
BMM
APN
15-1518720310
UPID
US40-0066495
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
by Request
Owner & transaction history
4309 Shr Drive Invs LLC · 8 yrs held
4309 Shr Drive Invs LLC
since 2018
7 recorded transactions
Zoning & alternative use
BMM · Sparrows Point, 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 Sparrows Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparrows Point 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,556
Tax year 2023
Assessed value
$1,688,800
Assessed 2023
Previous assessed
$1,648,300
+2.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$364,900
Assessed improvement
$1,323,900
Land market value
$364,900
Improvement market value
$1,323,900
Total market value
$1,688,800
Applied tax rate
15.0000
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
Off-Market
Year built
2019
Construction
FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
85
Bathrooms
2
Total area
1,200 SF
Lot
0.73 ac (31,973 SF)
Zoning code
BMM
APN
15-1518720310
UPID
US40-0066495
Jurisdiction
BALTIMORE
Zoning & alternative use
BMM · Sparrows Point, MD
Zoning BMM · permitted uses
BMM · Sparrows Point, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparrows Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
85
Bathrooms
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
4309 Shr Drive Invs LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3211 EASTERN AVE, BALTIMORE, MD 21224-4011
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2019
—
4309 Shr Drive Invs LLC
—
Deed
related
$300,000 · Charles F Westerman
Feb 26, 2019
—
4309 Shr Drive Invs LLC
—
Deed
related
$165,000 · William E III Curran
Jan 15, 2019
—
4309 Shr Drive Invs LLC
—
Deed
related
$1,180,000 · Charles F & Janet A Westerman
May 4, 2018
—
4309 Drive Investments LLC
—
Deed
related
$880,000 · Charles F & Janet A Westerman
Apr 26, 2018
—
4309 Shr Drive Invs LLC
Westerman,charles F & Janet A
Quit Claim Deed
—
Feb 15, 2006
$1,100,000
Charles F Westerman
Victoria Investments LLC
Grant Deed
—
Apr 18, 2003
$375,000
Victoria Investments LLC
Rudolph,richard H
Grant Deed
—
—
—
4309 Shr Drive Invs LLC
—
Loan Modification
related
$1,180,000 · Charles F & Janet A Westerman
—
—
4309 Shr Drive Invs LLC
—
Deed Of Trust
related
$300,000 · Charles F Westerman
—
—
4309 Shr Drive Invs LLC
—
Deed Of Trust
related
$165,000 · William E III Curran
—
—
Victoria Investments LLC
—
Deed Of Trust
related
$80,920 · Bank Of America
—
—
4309 Drive Investments LLC
—
Deed Of Trust
related
$880,000 · Charles F & Janet A Westerman
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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