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Property profile & analytics
FOR LEASE
Manufacturing properties
5107 North Point Blvd, Sparrows Point, MD 21219
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1100652
For Lease
1 / 3
$22,165,000
5107 North Point Blvd, Sparrows Point, MD 21219
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1945
Total area
463,050 SF
Lot
24.27 ac (1,057,201 SF)
Zoning code
ML
APN
15-2400001013
UPID
US40-1100652
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
$24.69M
Blend (final)
Blend
$22.17M
Owner & transaction history
Sparrows Point Solar LLC · 1 yrs held
Sparrows Point Solar LLC
since 2025
7 recorded transactions
Zoning & alternative use
ML · 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
Method
Estimation
Statistic approach
$26,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.17M
Range $19.95M – $24.38M · ±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
$48 / 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
$155,821
Tax year 2023
Assessed value
$12,009,100
Assessed 2023
Previous assessed
$12,009,100
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$7,887,700
Assessed improvement
$4,121,400
Land market value
$7,887,700
Improvement market value
$4,121,400
Total market value
$12,009,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1945
Heating
SPACE
Stories
1
Units
1
Total area
463,050 SF
Lot
24.27 ac (1,057,201 SF)
Zoning code
ML
APN
15-2400001013
UPID
US40-1100652
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Sparrows Point, MD
Zoning ML · permitted uses
ML · 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
1945
Heating
SPACE
Stories
1
Units
1
Lot
24.27 ac
Current owner
From public records · entity-resolved
Sparrows Point Solar LLC
Entity
Mailing address
5900 HOLABIRD AVE, BALTIMORE, MD 21224-6004
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
Dec 3, 2025
—
North Point Property Owner LLC
—
Deed
related
$29,900,000 · Amp Shc Mortgage Lender LLC
Jun 27, 2025
—
Sparrows Point Solar LLC
North Point Property Owner LLC
Deed
—
Dec 5, 2024
—
Sre Solar Origination 2 LLC
North Point Property Owner LLC
Deed
—
Aug 4, 2022
$22,000,000
North Point Property Owner LLC
5107 North Point Boulevard LLC
Special Warranty Deed
$27,750,000 · First National Bank Of Pennsylvania
Aug 20, 2007
—
5107 North Point Boulevard LLC
—
Deed Of Trust
related
$21,900,000 · Morgan Stanley Mtg Cap Holding
Feb 2, 2006
$5,200,000
5107 North Point Boulevard LLC
Ccc Industries LLC
Deed Of Trust
$7,340,400 · Susquehanna Bank
May 15, 2002
$445,000
Ccc Industries LLC
Bethlehem Steel Corp
Grant Deed
$2,600,000 · Mercantile-safe Deposit & Trus
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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