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Property profile & analytics
OFF-MARKET
Estimated value
$10,165,000
Warehouses
8821 Philadelphia Rd, Rosedale, MD 21237-4310
Individually Owned
~
Est. High Equity
Property ID
US40-1220932
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
BRICK
Total area
70,567 SF
Lot
5.31 ac (231,304 SF)
Zoning code
ML-IM
APN
15-1600001148
UPID
US40-1220932
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
$11.56M
CAP Approach
CAP
$9.33M
Comparable Approach
Comparable
$8.20M
Blend (final)
Blend
$10.17M
Owner & transaction history
Tkg III Acquisition L L C
Tkg III Acquisition L L C
since 2025
Last sale
$10.0M
3 recorded transactions
Zoning & alternative use
ML-IM · Rosedale, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.3M
+51.7%
Restaurant
$16.0M
+49.5%
Commercial (general)
$15.5M
+44.5%
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 Rosedale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rosedale 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
$11,890,000
ML approach
$11,560,000
CAP Approach
CAP Return
Estimation
6%
$10,105,000
6.5%
$9,330,000
7%
$8,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,735,000
Current use
AUTO REPAIR, GARAGE
$16,280,000
Change: +52% · Conversion: Easy
RESTAURANT
$16,045,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,515,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$13,750,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,925,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$10,255,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$9,830,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$10.17M
Range $9.15M – $11.18M · ±10% · vs last sale $10.00M (Dec 15 2021)
Last sale anchor
$10.00M
Dec 15 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
$144 / 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
$28,069
Tax year 2023
Assessed value
$4,540,500
Assessed 2023
Previous assessed
$4,260,333
+6.6% YoY
Effective rate
0.62%
On assessed value
Assessed land
$1,725,700
Assessed improvement
$2,814,800
Land market value
$1,725,700
Improvement market value
$2,814,800
Total market value
$4,540,500
Applied tax rate
15.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
70,567 SF
Lot
5.31 ac (231,304 SF)
Zoning code
ML-IM
APN
15-1600001148
UPID
US40-1220932
Jurisdiction
BALTIMORE
Zoning & alternative use
ML-IM · Rosedale, MD
Zoning ML-IM · permitted uses
ML-IM · Rosedale, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rosedale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$16.3M
RESTAURANT
Est. value
$16.0M
COMMERCIAL (GENERAL)
Est. value
$15.5M
OFFICE BUILDING
Est. value
$13.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.9M
MEDICAL BUILDING
Est. value
$10.3M
RETAIL STORES
Est. value
$9.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1980
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
5.31 ac
Current owner
From public records · entity-resolved
Tkg III Acquisition L L C
Individual
Mailing address
215 N STADIUM BLVD STE #207, COLUMBIA, MO 65203-1160
Ownership since
2025
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 26, 2025
—
Tkg III Acquisition L L C
Tkg III Maryland L L C
Deed
related
$500,000,000 · Citibank NA
Dec 15, 2021
$10,000,000
Tkg III Maryland LLC
Golden Ring Mini Storage Associates
Special Warranty Deed
—
Aug 8, 2014
—
Golden Ring Mini-storage Assoc
Golden Ring Mini-storage Assoc
Quit Claim 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.
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