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Property profile & analytics
FOR LEASE
Office buildings
8161 Maple Lawn Blvd, Fulton, MD 20723
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US40-2393737
For Lease
1 / 2
$18,305,000
8161 Maple Lawn Blvd, Fulton, MD 20723
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
117,780 SF
Lot
4.84 ac (210,830 SF)
Zoning code
MXD3
APN
05-438985
UPID
US40-2393737
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
-
Coreworks Fitness at Maple Lawn Gym & Fitness Center
-
New Markets Venture Partners Corporate Office
-
Raymond James Financial Services Bank Credit Union
-
Sageview Advisory Group Financial Advisor
-
PSG Clarity Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.99M
Blend (final)
Blend
$18.31M
Owner & transaction history
Maple Lawn Office III LLC · 21 yrs held
Maple Lawn Office III LLC
since 2004
5 recorded transactions
Zoning & alternative use
MXD3 · Fulton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$28.1M
+41.4%
Warehouse, storage
$21.5M
+8.4%
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 Fulton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fulton 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
OFFICE BUILDING
$19,835,000
Current use
COMMERCIAL (GENERAL)
$28,055,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$21,505,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,140,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$18.31M
Range $16.47M – $20.14M · ±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
$155 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$272,467
Tax year 2022
Assessed value
$24,461,167
Assessed 2023
Previous assessed
$24,197,800
+1.1% YoY
Effective rate
1.11%
On assessed value
Land market value
$2,420,000
Improvement market value
$22,567,900
Total market value
$24,987,900
Applied tax rate
5.0000
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
For Lease
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
117,780 SF
Lot
4.84 ac (210,830 SF)
Zoning code
MXD3
APN
05-438985
UPID
US40-2393737
Jurisdiction
HOWARD
Zoning & alternative use
MXD3 · Fulton, MD
Zoning MXD3 · permitted uses
MXD3 · Fulton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fulton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.8M
COMMERCIAL (GENERAL)
Est. value
$28.1M
WAREHOUSE, STORAGE
Est. value
$21.5M
INDUSTRIAL (GENERAL)
Est. value
$16.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (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
2007
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
4.84 ac
Current owner
From public records · entity-resolved
Maple Lawn Office III LLC
Entity
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
—
Maple Lawn Office III LLC
—
Deed
related
$20,500,000 · Genworth Life Insurance Company
Aug 22, 2022
—
Maple Lawn Office III LLC
—
Deed
related
$20,500,000 · Genworth Life Insurance Company
Dec 27, 2004
—
Maple Lawn Office III LLC
G & R Of Maple Lawn K LLC
Quit Claim Deed
related
—
—
—
Maple Lawn Office III LLC
—
Deed Of Trust
related
$21,250,000 · Allstate Life Insurance Co
—
—
Maple Lawn Office III LLC
—
Deed Of Trust
related
$19,000,000 · Provident Bank INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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