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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Retail space
8700 Cowenton Ave, Perry Hall, MD 21128-8068
Entity Owned
2-yr Hold
Property ID
US40-1872016
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2023
Total area
10,636 SF
Lot
2.28 ac (99,317 SF)
APN
11-2500010276
UPID
US40-1872016
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
$2.32M
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.21M
Owner & transaction history
Cowenton Crossing LLC · 2 yrs held
Cowenton Crossing LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+56.0%
Warehouse, storage
$2.8M
+21.3%
Office building
$2.5M
+11.3%
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 Perry Hall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perry Hall 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%
$2,510,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,265,000
Current use
COMMERCIAL (GENERAL)
$3,535,000
Change: +56% · Conversion: Easy
WAREHOUSE, STORAGE
$2,750,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$2,525,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$2,420,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±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
$207 / 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
$5,521
Tax year 2023
Assessed value
$1,827,500
Assessed 2024
Previous assessed
$1,827,500
+0.0% YoY
Effective rate
0.30%
On assessed value
Assessed land
$684,000
Assessed improvement
$1,143,500
Land market value
$684,000
Improvement market value
$1,143,500
Total market value
$1,827,500
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2023
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,636 SF
Lot
2.28 ac (99,317 SF)
APN
11-2500010276
UPID
US40-1872016
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2023
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Cowenton Crossing LLC
Entity
Mailing address
PO BOX 280, STEVENSON, MD 21153-0280
Ownership since
2023
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
Nov 15, 2023
—
Cowenton Crossing LLC
Honeygo Run II LLC
Deed
—
Aug 10, 2018
—
Cowenton Avenue Group LLC
—
Deed
related
$22,000 · Manufacturers & Traders Trust Co
Jan 31, 2017
—
Cowenton Avenue Group LLC
—
Deed
related
$6,200,000 · Manufacturers & Traders Trust 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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