Property profile

8 Newport Dr Forest Hill, MD 21050

OFF-MARKET
Other industrial properties
Property ID
US40-2116962
24,000 SF 1.83 ac lot Built 2009
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A flex/industrial space located in Forest Hill, Maryland, configured to provide 2,400 square feet of usable interior area.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL PARK
Year built 2009
Total area 24,000 SF
Lot 1.83 ac (79,715 SF)
Zoning code CI
APN 03-255018
UPID US40-2116962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Orthotics & Prosthetics Service
  • Engineering Consultant
  • Orthotics & Prosthetics Service
  • Medical Clinic
  • Arcade & Gaming Center

Location

8 Newport Dr Forest Hill, MD 21050-1615
Forest Hill metro Census 303201 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.61M

Owner & transaction history

since 2018
5 recorded transactions
2018
$2.9M
2008
Price N/A
2008
$800,000
2005
$550,000
2003
Price N/A

Zoning & alternative use

CI · Forest Hill, MD
Top alternative use upside
Warehouse, storage $2.0M +30.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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