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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
8118 Harford Rd Parkville, MD 21234-5725
Trust Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0137047
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1923
Construction
BRICK
Total area
1,560 SF
Lot
0.23 ac (10,143 SF)
Zoning code
BLCS2
APN
09-0904200920
UPID
US40-0137047
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
$355k
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$560k
Owner & transaction history
Zba Statutory Trust · 4 yrs held
Zba Statutory Trust
since 2022
Last sale
$648,402
4 recorded transactions
Zoning & alternative use
BLCS2 · Parkville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Parkville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parkville 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
$775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$380,000
Current use
AUTO REPAIR, GARAGE
$360,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $648k (Apr 26 2022)
Last sale anchor
$648k
Apr 26 2022
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
$359 / 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
$2,912
Tax year 2023
Assessed value
$393,033
Assessed 2024
Previous assessed
$393,033
+0.0% YoY
Effective rate
0.74%
On assessed value
Land market value
$253,500
Improvement market value
$166,400
Total market value
$419,900
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
1923
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
1
Units
3
Bathrooms
1
Total area
1,560 SF
Lot
0.23 ac (10,143 SF)
Zoning code
BLCS2
APN
09-0904200920
UPID
US40-0137047
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCS2 · Parkville, MD
Zoning BLCS2 · permitted uses
BLCS2 · Parkville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parkville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$360,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1923
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
2
Units
3
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Zba Statutory Trust
Trust
Free & Clear · 4 yrs held
Mailing address
8 E SEMINARY AVE, TIMONIUM, MD 21093-6100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 20, 2022
—
Robert C Brendel
—
Deed
related
$246,000 · Robert C Brendel
Apr 26, 2022
$648,402
Zba Statutory Trust
Diamond In The Ruff INC
Deed
—
Dec 23, 2019
$600,000
Diamond In The Ruff INC
Kmb Properties LLC
Grant Deed
$520,000 · Kmb Properties LLC
Aug 31, 2004
$410,000
Kmb Properties LLC
Deoms,naomi H
Grant Deed
$272,000 · Gary & Naomi H Deoms
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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