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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Warehouses
8312 Lokus Rd Odenton, MD 21113-1139
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-0653465
Property summary
AI-generated overview
This exceptional 12,227-square-foot warehouse, situated on a three-acre lot in Anne Arundel County, presents a significant leasing opportunity. The property boasts a single-tenant occupancy, offering complete control and flexibility to the lessee. Zoned O-IND, this industrial space is ideally suited for a variety of uses. The building features a fenced and secured yard, providing enhanced security and peace of mind. Its strategic location offers convenient access to major transportation arteries, including MD-32 and MD-170, placing it within easy reach of both Baltimore and Washington, D.C., as well as Annapolis. The property's proximity to the MARC Odenton Station, Fort Meade, and NSA further enhances its appeal. The asking rent is $34,000 per month, NNN. This property also presents a build-to-suit opportunity, allowing for potential customization to meet specific operational needs. The entire 12,227 square feet is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a substantial industrial space in a highly desirable location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
BRICK
Total area
1,698 SF
Lot
1.17 ac (50,965 SF)
Zoning code
O-IND
APN
04-000-01332600
UPID
US40-0653465
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
-
American Portable Storage Storage Facility
-
Metal Recyclers LLC Recycling Center Waste Management Facility
-
Diversified Site Works General Contractor
-
Miracle Truck and Trailer Body Repair Services LLC. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$935k
Blend (final)
Blend
$735k
Owner & transaction history
Whitehurst Investment LLC · 22 yrs held
Whitehurst Investment LLC
since 2004
3 recorded transactions
Zoning & alternative use
O-IND · Odenton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+50.2%
Auto repair, garage
$720,000
+27.6%
Retail stores
$705,000
+24.3%
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 Odenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odenton 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
$565,000
Current use
OFFICE BUILDING
$850,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +28% · Conversion: Easy
RETAIL STORES
$705,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$620,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$433 / 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
$11,144
Tax year 2023
Assessed value
$1,020,500
Assessed 2023
Previous assessed
$1,019,300
+0.1% YoY
Effective rate
1.09%
On assessed value
Land market value
$982,900
Improvement market value
$40,000
Total market value
$1,022,900
Applied tax rate
4.0000
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
Year built
1950
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
1,698 SF
Lot
1.17 ac (50,965 SF)
Zoning code
O-IND
APN
04-000-01332600
UPID
US40-0653465
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
O-IND · Odenton, MDZoning O-IND · permitted uses
O-IND · Odenton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$565,000
OFFICE BUILDING
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$470,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1950
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Whitehurst Investment LLC
Entity
Mailing address
8312 LOKUS RD, ODENTON, MD 21113-1139
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
—
Whitehurst Investments LLC
—
Deed
related
$1,600,000 · Cfg Community Bank
Apr 8, 2004
$275,000
Whitehurst Investment LLC
Custom Kiln Drying INC
Grant Deed
$350,000 · Annapolis Banking & Trust Co
—
—
Whitehurst Investments LLC
—
Deed Of Trust
related
$294,506 · Annapolis Bank & Trust
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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