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Property profile & analytics
OFF-MARKET
Estimated value
$10,310,000
Hospitals
7312 1st Ave, Sykesville, MD 21784-7516
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0651883
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,573 SF
Lot
1.42 ac (61,681 SF)
Zoning code
R-100
APN
05-047498
UPID
US40-0651883
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
$8.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.31M
Owner & transaction history
7309 Second Avenue Propco LLC · 3 yrs held
7309 Second Avenue Propco LLC
since 2022
Last sale
$11.7M
6 recorded transactions
Zoning & alternative use
R-100 · Sykesville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+17.9%
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
$9,130,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,395,000
6.5%
$8,670,000
7%
$8,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,395,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$10.31M
Range $9.28M – $11.34M · ±10% · vs last sale $11.72M (Sep 27 2022)
Last sale anchor
$11.72M
Sep 27 2022
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
$221 / 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
$37,297
Tax year 2023
Assessed value
$2,554,567
Assessed 2023
Previous assessed
$2,520,733
+1.3% YoY
Effective rate
1.46%
On assessed value
Land market value
$308,400
Improvement market value
$2,280,000
Total market value
$2,588,400
Applied tax rate
51.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Units
125
Total area
46,573 SF
Lot
1.42 ac (61,681 SF)
Zoning code
R-100
APN
05-047498
UPID
US40-0651883
Jurisdiction
CARROLL
Zoning & alternative use
R-100 · Sykesville, MD
Zoning R-100 · permitted uses
R-100 · 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
COMMERCIAL (GENERAL)
Est. value
$6.4M
COMMERCIAL (GENERAL)
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Units
125
Lot
1.42 ac
Current owner
From public records · entity-resolved
7309 Second Avenue Propco LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4201 US HWY 9TH 9, HOWELL, NJ 07731-3308
Ownership since
2022
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
Dec 31, 2024
—
7309 Second Avenue Propco LLC
—
Deed
related
$128,500,000 · Vnb Ew York LLC
Sep 27, 2022
$11,718,663
7309 Second Avenue Propco LLC
Axis Health At Birch Propco LLC
Special Warranty Deed
—
Sep 27, 2022
—
3332 Main Street Propco LLC
—
Deed
related
$124,750,000 · Oxford Finance LLC
Jan 28, 2020
$6,350,000
Axis Health At Birch Propco Ll
Aurora Holdings Xiv LLC
Correction Deed
—
Dec 3, 2019
$6,350,000
Axis Health At Birch Manor Propco L
Aurora Holdings Xiv LLC
Special Warranty Deed
—
Sep 4, 2018
$6,350,000
Aurora Holdings Xiv LLC
Maryland Health & Hm Mgmt 2007
Trustees Deed
related
$56,034,043 · Bank Of Tx
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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