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    47 Loveton Cir Sparks Glencoe, MD 21152
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    Property profile & analytics

    47 Loveton Cir Sparks Glencoe, MD 21152

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    • Industrial properties
    • 78,240 SF
    • 12.07 lot acres
    For Lease
    $6,635,000
    View Listing →
    Flex and Office Space Available For Lease
    $6,635,000
    129,200 SF

    Flex and Office Space Available

    Flex and office spaces in Sparks, MD, near Hunt Valley.

    47 & 53 Loveton Cir, Sparks Glencoe, MD 21152
    View Listing
    Property ID
    US40-2130162
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Trescal Calibration Lab / Production Facility
    • Outsiders CrossFit / Gym & Fitness Center
    • South River Restoration / Corporate Office
    • Step By Step Childrens Learning / Daycare Center
    • AER ENTERPRISES / Textile Manufacturer

    Property Details for 47 Loveton Cir

    Year built
    2000
    Lot size
    12.07 lot acres
    Property size
    78,240 SF
    Zone code
    ML
    Property type
    Industrial properties
    APN
    08-2500015255
    APU
    82500015255

    Description

    Loveton Business Park, located at 47 & 53 Loveton Circle in Sparks Glencoe, Maryland, 21152, offers a diverse range of flexible and R&D spaces for lease. This 130,000 square foot industrial property sits on a 15-acre lot and features twelve individual suites, with a minimum divisible space of 1,061 square feet and a maximum contiguous space of 18,925 square feet. Currently, 71,651 square feet are available. The building boasts flexible ceiling heights, ranging from 16 feet clear in the flex space to 9 feet clear in the office areas. Ample parking is provided, with a ratio of 4-5 spaces per 1,000 square feet. The property is zoned ML and is conveniently located off York Road, providing easy access to I-83 and the Baltimore Beltway (I-695). This prime location offers quick commutes to Timonium, Towson, and downtown Baltimore, as well as convenient access to northern markets including Harrisburg and York, Pennsylvania. The property is ideal for businesses seeking modern, adaptable space in a thriving Baltimore County business community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,466,000
      Market price range: $6.11M - $18.4M
      AI Estimate
      $4,805,000
      Market price range: $1.56M - $13.1M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6473
    Latitude
    39.5155
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,769
    $0.00
    $0.00
    $4,972,367
    -
    $3,766,400
    $1,297,700
    $5,064,100

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      125,000 SF

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    Similar Nearby for Lease

    • Contact for pricing

      Flex and Office Space Available

      Flex and office spaces in Sparks, MD, near Hunt Valley.
      47 Loveton Cir, Sparks Glencoe, MD 21152
      View Details
    • Contact for pricing
      6,375 SF

      Flex/R&D and Office Space

      Flex/R&D and office space in northern Baltimore County.
      53 Loveton Cir, Sparks, MD 21152
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      Sparks Office and R&D Space

      Flexible office and R&D space for lease in Sparks.
      34 Loveton Cir, Sparks, MD 21152
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    • $14 SF/Yr

      Office/Medical Suites For Lease

      Office and medical suites available for lease.
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    View Listing
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    Sparks Glencoe, MD 21152
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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