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Property profile & analytics
OFF-MARKET
Estimated value
$43,680,000
Warehouses
8514 Liberty Rd, Randallstown, MD 21133-4800
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-1415578
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
BRICK
Total area
101,840 SF
Lot
11.71 ac (510,088 SF)
Zoning code
BR
APN
02-2300003538
UPID
US40-1415578
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
by Request
Comparable Approach
Comparable
$40.72M
Blend (final)
Blend
$43.68M
Owner & transaction history
Ps Atlantic Coast 2021 A LLC · 5 yrs held
Ps Atlantic Coast 2021 A LLC
since 2021
Last sale
$42.0M
4 recorded transactions
Zoning & alternative use
BR · Randallstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$45.9M
+74.2%
Restaurant
$40.3M
+53.0%
Commercial (general)
$33.9M
+28.6%
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 Randallstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randallstown 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
$49,960,000
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
$26,325,000
Current use
AUTO REPAIR, GARAGE
$45,860,000
Change: +74% · Conversion: Easy
RESTAURANT
$40,290,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$33,855,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$43.68M
Range $39.31M – $48.05M · ±10% · vs last sale $42.02M (Jun 1 2021)
Last sale anchor
$42.02M
Jun 1 2021
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
$429 / 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
$270,453
Tax year 2023
Assessed value
$21,651,300
Assessed 2023
Previous assessed
$19,401,767
+11.6% YoY
Effective rate
1.25%
On assessed value
Land market value
$2,343,200
Improvement market value
$23,190,200
Total market value
$25,533,400
Applied tax rate
2.0000
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
1998
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
101,840 SF
Lot
11.71 ac (510,088 SF)
Zoning code
BR
APN
02-2300003538
UPID
US40-1415578
Jurisdiction
BALTIMORE
Zoning & alternative use
BR · Randallstown, MD
Zoning BR · permitted uses
BR · Randallstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randallstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$26.3M
AUTO REPAIR, GARAGE
Est. value
$45.9M
RESTAURANT
Est. value
$40.3M
COMMERCIAL (GENERAL)
Est. value
$33.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1998
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
11.71 ac
Current owner
From public records · entity-resolved
Ps Atlantic Coast 2021 A LLC
Entity
Free & Clear · 5 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2021
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
Jun 1, 2021
$42,018,417
Ps Atlantic Coast 2021 A LLC
Liberty Crossing Land Lllp
Special Warranty Deed
—
Apr 16, 2019
—
Emmorton Road Land Lllp
—
Loan Modification
related
$44,750,000 · Miscellaneous Ins Co
Oct 2, 2014
—
Liberty Crossing Land Lllp
—
Grant Deed
related
$13,700,000 · Miscellaneous Ins Co
—
—
Liberty Crossing Land LLP
—
Deed Of Trust
related
$10,400,000 · Prudential Mortgage Capital Co
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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