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Property profile & analytics
OFF-MARKET
Estimated value
$29,405,000
Outlet malls
8730 Liberty Rd, Randallstown, MD 21133-4710
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-1570632
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Total area
160,908 SF
Lot
18.18 ac (791,921 SF)
Zoning code
BMCCC
APN
02-2500008768
UPID
US40-1570632
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
$35.04M
Comparable Approach
Comparable
$29.20M
Blend (final)
Blend
$29.41M
Owner & transaction history
Mdc Coast 29 LLC · 3 yrs held
Mdc Coast 29 LLC
since 2023
Last sale
$28.8M
5 recorded transactions
Zoning & alternative use
BMCCC · Randallstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$41.6M
+21.3%
Office building
$38.2M
+11.3%
Medical building
$36.6M
+6.6%
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
$30,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,960,000
6.5%
$35,040,000
7%
$32,535,000
Alternative Use
Use
Estimation
RETAIL STORES
$34,300,000
Current use
WAREHOUSE, STORAGE
$41,595,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$38,175,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$36,575,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$29.41M
Range $26.46M – $32.35M · ±10% · vs last sale $28.77M (Apr 14 2023)
Last sale anchor
$28.77M
Apr 14 2023
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
$183 / 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
$259,584
Tax year 2023
Assessed value
$19,804,000
Assessed 2023
Previous assessed
$22,052,600
-10.2% YoY
Effective rate
1.31%
On assessed value
Assessed land
$3,636,000
Assessed improvement
$16,168,000
Land market value
$3,636,000
Improvement market value
$16,168,000
Total market value
$19,804,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
160,908 SF
Lot
18.18 ac (791,921 SF)
Zoning code
BMCCC
APN
02-2500008768
UPID
US40-1570632
Jurisdiction
BALTIMORE
Zoning & alternative use
BMCCC · Randallstown, MD
Zoning BMCCC · permitted uses
BMCCC · 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
RETAIL STORES Current
Est. value
$34.3M
WAREHOUSE, STORAGE
Est. value
$41.6M
OFFICE BUILDING
Est. value
$38.2M
MEDICAL BUILDING
Est. value
$36.6M
RETAIL STORES Current
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
2012
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
18.18 ac
Current owner
From public records · entity-resolved
Mdc Coast 29 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
$28,772,332
Mdc Coast 29 LLC
Cole Wm Randallstown Md LLC
Special Warranty Deed
—
Apr 21, 2020
—
15301 Hanover Pike LLC
—
Deed
related
$110,000,000 · Manufacturers & Traders Tr
Jul 11, 2017
—
Cole Wm Randallstown Md LLC
—
Deed
related
$14,250,000 · Farmington Bank
May 22, 2017
$28,524,516
Cole Wm Randallstown Md LLC
New Plan Maryland Holdings LLC
Grant Deed
—
—
—
15301 Hanover Pike LLC
—
Loan Modification
related
$110,000,000 · Manufacturers & Traders Tr
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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