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Property profile & analytics
FOR LEASE
Industrial properties
5965 Exchange Dr Sykesville, MD 21784
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1546246
For Lease
1 / 2
$8,585,000
5965 Exchange Dr, Sykesville, MD 21784
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2011
Total area
61,436 SF
Lot
5.31 ac (231,521 SF)
Zoning code
I-1
APN
14-020918
UPID
US40-1546246
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
$11.46M
Blend (final)
Blend
$8.59M
Owner & transaction history
Lst INC · 1 yrs held
Lst INC
since 2024
6 recorded transactions
Zoning & alternative use
I-1 · Sykesville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.8M
+28.5%
Auto repair, garage
$10.7M
+7.6%
Office building
$10.0M
+0.8%
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 Sykesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sykesville 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)
$9,930,000
Current use
RETAIL STORES
$12,760,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,680,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$10,010,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.59M
Range $7.73M – $9.44M · ±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
$140 / 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
$60,005
Tax year 2023
Assessed value
$5,310,133
Assessed 2023
Previous assessed
$5,261,567
+0.9% YoY
Effective rate
1.13%
On assessed value
Land market value
$1,157,600
Improvement market value
$4,201,100
Total market value
$5,358,700
Applied tax rate
14.0000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
For Lease
Year built
2011
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
61,436 SF
Lot
5.31 ac (231,521 SF)
Zoning code
I-1
APN
14-020918
UPID
US40-1546246
Jurisdiction
CARROLL
Zoning & alternative use
I-1 · Sykesville, MD
Zoning I-1 · permitted uses
I-1 · Sykesville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sykesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.9M
RETAIL STORES
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$10.7M
OFFICE BUILDING
Est. value
$10.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE 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
2011
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
5.31 ac
Current owner
From public records · entity-resolved
Lst INC
Entity
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Lst INC
—
Deed
related
$9,100,000 · Standard Insurance Co
Nov 8, 2019
—
Liberty Exchange Lot 1 LLC
—
Grant Deed
related
$2,775,000 · Rosedale Fed'l S&l Assn
Sep 13, 2018
—
Eldersburg Investors LLC
—
Grant Deed
related
$7,715,500 · Rosedale Fed'l S&l Assn
Jul 20, 2016
—
Eldersburg Investors LLC
—
Deed
related
$2,800,000 · Branch Bk&tr
—
—
Eldersburg Investors LLC
—
Deed Of Trust
related
$12,800,000 · Lord Baltimore Funding Xxi LLC
—
—
Eldersburg Investors LLC
—
Deed Of Trust
related
$2,800,000 · Branch Bk&tr
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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