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Property profile & analytics
OFF-MARKET
Estimated value
$7,480,000
Warehouses
8094 Sandpiper Cir, Baltimore, MD 21236-4907
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-0882370
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Construction
BRICK
Total area
51,150 SF
Lot
7.86 ac (342,382 SF)
Zoning code
ML
APN
14-2300001538
UPID
US40-0882370
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
-
Wanda H. Gass, PA Physician
-
ADP Baltimore Employment Agency Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.99M
Blend (final)
Blend
$7.48M
Owner & transaction history
White Marsh Acquisition LLC · 8 yrs held
White Marsh Acquisition LLC
since 2017
4 recorded transactions
Zoning & alternative use
ML · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.8M
+51.7%
Restaurant
$11.6M
+49.5%
Office building
$10.5M
+35.0%
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 Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baltimore 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
WAREHOUSE, STORAGE
$7,780,000
Current use
AUTO REPAIR, GARAGE
$11,800,000
Change: +52% · Conversion: Easy
RESTAURANT
$11,630,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$10,505,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,370,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$7,435,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$7,125,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$7.48M
Range $6.73M – $8.23M · ±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
$146 / 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
$46,590
Tax year 2023
Assessed value
$6,999,733
Assessed 2023
Previous assessed
$7,196,000
-2.7% YoY
Effective rate
0.67%
On assessed value
Land market value
$2,605,600
Improvement market value
$4,590,400
Total market value
$7,196,000
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
51,150 SF
Lot
7.86 ac (342,382 SF)
Zoning code
ML
APN
14-2300001538
UPID
US40-0882370
Jurisdiction
BALTIMORE
Zoning & alternative use
ML · Baltimore, MD
Zoning ML · permitted uses
ML · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$11.8M
RESTAURANT
Est. value
$11.6M
OFFICE BUILDING
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$7.4M
RETAIL STORES
Est. value
$7.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
7.86 ac
Current owner
From public records · entity-resolved
White Marsh Acquisition LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7373 WISCONSIN AVE STE #700, BETHESDA, MD 20814-3767
Ownership since
2017
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
Aug 8, 2019
—
White Marsh Acquisition LLC
—
Loan Modification
related
$14,000,000 · First Nat'l Bk/pa
Aug 10, 2017
$3,500,000
White Marsh Acquisition LLC
Mclean Ridge III Busn Trust
Grant Deed
—
Oct 17, 2006
—
Ridge Mclean III
Mclean Ridge III-102 Corp
Quit Claim Deed
—
Dec 17, 1998
—
Ridge Mclean III
Nottingham Village INC
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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