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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Office buildings
802 Gleneagles Ct Towson, MD 21286-2200
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2283486
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
BRICK
Total area
6,687 SF
Lot
1.19 ac (51,662 SF)
Zoning code
ML-IM
APN
09-0923353310
UPID
US40-2283486
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
$1.53M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.70M
Owner & transaction history
802 Gleneagles Court LLC · 5 yrs held
802 Gleneagles Court LLC
since 2021
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
ML-IM · Towson, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+12.4%
Restaurant
$1.5M
+10.7%
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 Towson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Towson 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
$2,020,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,655,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,375,000
Current use
AUTO REPAIR, GARAGE
$1,545,000
Change: +12% · Conversion: Difficult
RESTAURANT
$1,520,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,225,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,105,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.70M (Apr 22 2021)
Last sale anchor
$1.70M
Apr 22 2021
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
$253 / 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
$9,015
Tax year 2023
Assessed value
$1,448,167
Assessed 2023
Previous assessed
$1,341,200
+8.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$1,214,300
Improvement market value
$447,800
Total market value
$1,662,100
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
SPACE
Stories
2
Units
2
Total area
6,687 SF
Lot
1.19 ac (51,662 SF)
Zoning code
ML-IM
APN
09-0923353310
UPID
US40-2283486
Jurisdiction
BALTIMORE
Zoning & alternative use
ML-IM · Towson, MD
Zoning ML-IM · permitted uses
ML-IM · Towson, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Towson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Construction
BRICK
Heating
SPACE
Stories
2
Units
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
802 Gleneagles Court LLC
Entity
Mailing address
905 TERRA BELLA CT, FALLSTON, MD 21047-1904
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2021
$1,700,000
802 Gleneagles Court LLC
Confettis LLC
Deed
$1,360,000 · Fulton Bank
Jun 1, 2016
—
Confettis LLC
—
Deed
related
$910,000 · Bay Bank
Apr 20, 2006
$1,600,000
Confetti's LLC
Whitridge Joint Venture LLC
Deed
$1,600,000 · Baltimore County Savings Bank Fsb
Apr 8, 2004
$5
Whitridge Jv LLC
Whitridge
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.
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