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Property profile & analytics
FOR LEASE
Distribution centers
8700 Larkin Rd, Savage, MD 20763
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0450728
For Lease
1 / 2
$12,005,000
8700 Larkin Rd, Savage, MD 20763
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
190,752 SF
Lot
10.13 ac (441,263 SF)
Zoning code
M1
APN
06-440185
UPID
US40-0450728
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
-
Comfortmaker Distribution Hardware & Home Improvement HVAC Service
-
Es Co Cartage Trucking Company
-
LGH Baltimore Rental Center (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Cleary Packaging Industrial Manufacturer Factory
-
Pharaohs Imports Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.01M
Owner & transaction history
Ipt Corridor Ic II LLC · 11 yrs held
Ipt Corridor Ic II LLC
since 2014
4 recorded transactions
Zoning & alternative use
M1 · Savage, 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 Savage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Savage 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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
$98,576
Tax year 2022
Assessed value
$9,105,833
Assessed 2023
Previous assessed
$8,754,500
+4.0% YoY
Effective rate
1.08%
On assessed value
Land market value
$2,206,300
Improvement market value
$7,602,200
Total market value
$9,808,500
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
190,752 SF
Lot
10.13 ac (441,263 SF)
Zoning code
M1
APN
06-440185
UPID
US40-0450728
Jurisdiction
HOWARD
Zoning & alternative use
M1 · Savage, MD
Zoning M1 · permitted uses
M1 · Savage, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Savage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
10.13 ac
Current owner
From public records · entity-resolved
Ipt Corridor Ic II LLC
Entity
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Oct 10, 2014
$11,990,700
Ipt Corridor Ic II LLC
Crp-3 Bwic I LLC
Grant Deed
$27,000,000 · Ipt Loc Lender LLC
Oct 8, 2010
—
Crp-3 Bwic I LLC
—
Deed Of Trust
related
$10,400,000 · Newalliance Bank
May 10, 2010
$7,100,000
Crp-3 Bwici LLC
Larkin Industrial LLC
Grant Deed
—
May 23, 2006
$11,115,000
Larkin Industrial LLC
Ppf Industrial 8700 Larkin Road
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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