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    Property profile & analytics

    8114 Sandpiper Cir Baltimore, MD 21236-4934

    • Office buildings
    • 48,004 SF
    • 3.99 lot acres
    OFF-MARKET
    Last Sale
    Jul 20, 2023
    $8,250,000
    Value Estimations
    $10,500,000
    Show details
    Cap Rate Potential
    6.9%
    Office buildings
    Location Intelligence
    Property ID
    US40-1322868
    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.

    Current Use by Public Records

    • White Marsh Health Center / Medical Center
    • Mandel Keiser & Joseph / Dentist / Dental Clinic
    • Sweren Aileen / Dentist
    • Schlossberg & Schlossberg / Dentist
    • Oral Surgery Associates / Dental Clinic / Oral And Maxillofacial Surgeon

    Property Details for 8114 Sandpiper Cir

    Construction
    BRICK
    Lot size
    3.99 lot acres
    Property size
    48,004 SF
    Zone code
    ML
    Property type
    Office buildings
    APN
    14-2000001218
    APU
    142000001218

    Description

    This exceptional medical office building, situated in the thriving White Marsh Business Community in Nottingham, MD, presents a unique opportunity for medical practitioners. Boasting a highly visible location with excellent access to major transportation routes, this property benefits from the immediate proximity of abundant amenities, including The Avenue at White Marsh and The White Marsh Mall, providing tenants and visitors with a wealth of retail and service options. The strategic location is further enhanced by its close proximity to a significant concentration of residential and senior housing, ensuring a robust patient base. This building is ideally positioned within an established medical hub, just miles from major healthcare facilities such as MedStar Franklin Square Hospital (a 350-bed hospital and the third largest in Maryland), Kaiser Permanente's White Marsh Medical Center, and Johns Hopkins Health and Surgery Center. Two suites are currently available for lease. Suite 110 offers 1612 rentable square feet at a price of $20.50 per square foot, full service. Suite 116 comprises 1602 rentable square feet and is priced at $24.75 per square foot, full service. The property is situated on a 3.99-acre lot, offering ample space and visibility. This is an unparalleled opportunity to establish or expand a medical practice in a high-demand, amenity-rich location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,355,000
      ML approach
      $10,570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,865,000
      6.5%
      $10,950,000
      7%
      $10,170,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,860,000
      Current use
      COMMERCIAL (GENERAL)
      $13,780,000
      Change: +40% Conversion: Easy
      AUTO REPAIR, GARAGE
      $11,075,000
      Change: +12% Conversion: Difficult
      RESTAURANT
      $10,915,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $8,790,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4726
    Latitude
    39.3713
    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
    $31,715
    $1,729,200
    $3,273,600
    $5,002,800
    -
    $1,729,200
    $3,273,600
    $5,002,800

    Comparable in this City

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      5,100 SF

      7621 Fitch Ln

      OFFICE BUILDING • 5,100 SF
      7621 Fitch Ln, Nottingham, MD 21236-3935
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      22,632 SF

      9712 Belair Rd

      OFFICE BUILDING • 22,632 SF
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    • Value Estimation
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      1,568 SF

      9654 Belair Rd

      OFFICE BUILDING • 1,568 SF
      9654 Belair Rd, Baltimore, MD 21236-1129
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    • Value Estimation by Request
      4,480 SF

      9309 Belair Rd

      OFFICE BUILDING • 4,480 SF
      9309 Belair Rd, Baltimore, MD 21236-1605
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      White Marsh Developable Land Opportunity

      3.05 acre commercial land near Highway 95.
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      View Details
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      Baltimore Office Property for Sale

      Office property featuring 4,434 square feet of space.
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      Residential-Office Property Near Transportation

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      Nottingham Office Building - Turnkey Ready

      Updated Office/Residential, 1332 sq ft, 0.17 acres
      4151 Glen Park Rd, Nottingham, MD 21236
      View Details
    • $1,000,000
      2.67 Acres

      Land on Belair Road, Baltimore

      2.67 acre site suitable for senior housing or restaurants.
      8713 Belair Rd, Baltimore, MD 21236
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    • $3,300,000

      Commercial Building with Development Potential

      Commercial building with two residential properties and high-traffic location.
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    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Two-Story Office Building with Elevator

      Two-story office building featuring updated common areas and individual HVAC.
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      View Details
    • $1,950 /Mo
      20,038 SF

      Remodeled Office Space For Lease

      Recently remodeled office space suitable for various professional uses.
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    • $750 /Mo
      12,632 SF

      Nottingham Office Space For Lease

      Office spaces for lease in Nottingham, MD.
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    • $650 /Mo
      16,553 SF

      Nottingham/Perry Hall Office Space

      Office space in Nottingham/Perry Hall with elevator access and parking.
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    • $16 SF/Yr
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      Joppa Corner Square Offices

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      9,945 SF

      Nottingham Office Space For Rent

      9,945 SF office space available in Nottingham, Maryland.
      9708 Belair Rd, Nottingham, MD 21236
      View Details
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    8114 Sandpiper Cir
    Baltimore, MD 21236-4934
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    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
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