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Property profile & analytics
FOR LEASE
Industrial properties
8 Newport Dr, Forest Hill, MD 21050
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-2116962
For Lease
1 / 2
$12 SF/Yr
8 Newport Dr, Forest Hill, MD 21050
View Listing →
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
D & J Sales Co LLC Orthotics & Prosthetics Service
-
Salas O'Brien Engineering Consultant
-
D&J Medical Orthotics & Prosthetics Service
-
D and J Compression Medical Clinic
-
Airbound Sports and Entertainment Arcade & Gaming Center
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
Frankel Newport LLC · 8 yrs held
Frankel Newport LLC
since 2018
5 recorded transactions
Zoning & alternative use
CI · Forest Hill, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.0M
+30.5%
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 Forest Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Hill 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)
$1,560,000
Current use
WAREHOUSE, STORAGE
$2,040,000
Change: +30% · Conversion: Easy
MEDICAL BUILDING
$1,560,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±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
$67 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$24,149
Tax year 2022
Assessed value
$2,246,000
Assessed 2023
Previous assessed
$2,215,700
+1.4% YoY
Effective rate
1.08%
On assessed value
Land market value
$732,000
Improvement market value
$1,574,600
Total market value
$2,306,600
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2009
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
24,000 SF
Lot
1.83 ac (79,715 SF)
Zoning code
CI
APN
03-255018
UPID
US40-2116962
Jurisdiction
HARFORD
Zoning & alternative use
CI · Forest Hill, MD
Zoning CI · permitted uses
CI · Forest Hill, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
MEDICAL 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
2009
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Frankel Newport LLC
Entity
Mailing address
PO BOX 1850, COCKEYSVILLE, MD 21030-7850
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
$2,850,000
Frankel Newport LLC
Newport II,llc
Grant Deed
$1,450,000 · Branch Bk&tr
Jun 25, 2008
—
Newport II LLC
—
Trustees Deed
related
$100,000 · Carrollton Bank
Mar 31, 2008
$800,000
Newport II LLC
Newport Ents LLC
Grant Deed
—
Jun 16, 2005
$550,000
Newport Enterprises LLC
Sedrick Chavis SR.
Deed
$385,000 · Manufacturers & Traders Trust Co
Dec 10, 2003
—
Sedrick Chavis
C H C Management Co LLC
Grant Deed
related
—
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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