Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8 Seminary Ave Lutherville Timonium, MD 21093-6100
    Back to Search
    Property profile & analytics

    8 Seminary Ave, Lutherville Timonium, MD 21093-6100

    View on Map
    • Office buildings
    • 210 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Jan 22, 2021
    Property ID
    US40-1502105
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Angela's Elite Elopements / Wedding Service
    • ZBA Group / Property Management Company
    • Hurd Jr Edwin M DDS / Dental Office
    • Basement Finishing by BasementRemodeling.com / Construction Company
    • Active Life Acupuncture / Medical Clinic / Alternative Medicine Practice

    Property Details for 8 Seminary Ave

    Year built
    1953
    Construction
    BRICK
    Lot size
    0.35 lot acres
    Zone code
    RO
    Property type
    Office buildings
    APN
    08-1600003068
    APU
    81600003068

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 10, 2020 $315,350 Zba Holdings LLC 8 Seminary Avenue LLC Grant Deed $376k · Landshark LLC
    Jan 23, 2015 $325,000 8 Seminary Avenue LLC Ann Pederson Deed $310k · First National Bank Of Pennsylvania

    Description

    This exceptional 630-square-foot commercial space, located at 8 E Seminary Ave in Timonium, Maryland, 21093, presents a unique opportunity for businesses seeking a flexible and convenient workspace. The property is categorized as a Traditional Office, Coworking, Medical Office, and Creative Office space, making it suitable for a wide range of professional uses. Currently, one unit is available for lease, offering a private entrance and a private bathroom for enhanced privacy and convenience. The unit is located in a basement. The property boasts off-street parking, a significant advantage in a busy area. Its prime location across the street from the Galleria in Timonium ensures high visibility and accessibility, benefiting from substantial foot and vehicle traffic. The space is professionally managed, ensuring a smooth and efficient leasing experience. The lease commencement date is July 1st, 2023. The monthly rent is $795. This is a commercial property only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lutherville Timonium
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6158
    Latitude
    39.4209
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,142
    $228,100
    $86,000
    $314,100
    -
    $228,100
    $86,000
    $314,100

    Comparable in this City

    • Value Estimation
      $11,165,000
      75,000 SF

      10753 Fls Rd

      OFFICE BUILDING
      10753 Fls Rd, Lutherville, MD 21093-4535
      View Details
    • Value Estimation
      $4,650,000
      21,840 SF

      12201 Tullamore Rd, Unit 12213

      OFFICE BUILDING
      12201 Tullamore Rd, Timonium, MD 21093-7816
      View Details
    • Value Estimation
      $11,065,000
      81,717 SF

      2311 York Rd

      OFFICE BUILDING
      2311 York Rd, Lutherville Timonium, MD 21093-2215
      View Details
    • Value Estimation by Request
      941 SF

      10829 Fls Rd

      OFFICE BUILDING
      10829 Fls Rd, Lutherville Timonium, MD 21093-4502
      View Details
    • Value Estimation
      $3,275,000
      19,000 SF

      10807 Fls Rd

      OFFICE BUILDING
      10807 Fls Rd, Lutherville, MD 21093-4591
      View Details
    • Value Estimation
      $770,000
      2,700 SF

      1953 Greenspring Dr

      OFFICE BUILDING
      1953 Greenspring Dr, Timonium, MD 21093-4113
      View Details

    Similar Nearby for Sale

    • $450,000

      Residential Office Building on Corner

      Residential office building on corner lot with parking.
      1511 York Rd, Lutherville Timonium, MD 21093
      View Details
    • Contact for pricing
      2,349 SF

      Boutique Office/Retail Building For Sale

      Boutique office/retail building in Greenspring Valley, renovated in 2000.
      10829 Falls Rd, Lutherville Timonium, MD 21093
      View Details
    • $600,000

      High Visibility Office Space For Sale

      Office space with high traffic and flexible configuration.
      2063 York Rd, Lutherville Timonium, MD 21093
      View Details
    • $1,200,000

      Prime Commercial Land For Sale

      0.66-acre site ideal for retail, office, or medical use.
      2412-2416 York Rd, Lutherville Timonium, MD 21093
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Lutherville Office Space For Rent

      Four-building office complex near I-695 and public transportation.
      1300 York Rd, Lutherville, MD 21093
      View Details
    • Contact for pricing
      5,184 SF

      Class A Office Building

      Class A office building with easy access and modern amenities.
      1954 Greenspring Dr, Timonium, MD 21093
      View Details
    • Contact for pricing

      Lutherville Office Space for Lease

      Newly renovated office building in Lutherville-Timonium with modern upgrades.
      1301 York Rd, Lutherville, MD 21093
      View Details
    • Contact for pricing

      Lutherville Office Building for Lease

      Three-story office building in Lutherville, Maryland, with convenient access.
      2324 W Joppa Rd, Lutherville, MD 21093
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in Lutherville, Maryland for rent.
      2328 W Joppa Rd, Lutherville, MD 21093
      View Details
    • Contact for pricing

      Timonium Office Space for Lease

      Renovated office space with excellent views and highway access.
      2219 York Rd, Timonium, MD 21093
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8 Seminary Ave
    Lutherville Timonium, MD 21093-6100
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8 Seminary Ave, Lutherville Timonium, MD, 21093
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!