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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8840 Greenwood Pl Savage, MD 20763-9709

    • Distribution centers
    • 170,071 SF
    • 9.14 lot acres
    OFF-MARKET
    Value Estimations
    $10,685,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1309085
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Trans Time Express / Trucking Company / Courier Service
    • Hanna Paper Recycling Inc. / Recycling Center
    • Corporate Rentals / Furniture Wholesaler / Furniture Rental Service
    • Top Furniture Rental Services | Rental Furniture USA - Corporate Rentals / Furniture Rental Service / Furniture Store
    • Corporate Rentals Clearance Center / Furniture Store / Used Office Furniture Store

    Property Details for 8840 Greenwood Pl

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.14 lot acres
    Property size
    170,071 SF
    Zone code
    M2
    Property type
    Distribution centers
    APN
    06-440126
    APU
    6440126

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Savage
    County
    Howard
    State
    Maryland
    Longitude
    -76.8136
    Latitude
    39.1297
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $86,641
    $0.00
    $0.00
    $8,017,500
    -
    $1,990,600
    $6,672,700
    $8,663,300

    Comparable in this City

    • Value Estimation
      $7,635,000
      111,610 SF

      8691 Larkin Rd

      DISTRIBUTION WAREHOUSE • 111,610 SF
      8691 Larkin Rd, Savage, MD 20763-9722
      View Details
    • Value Estimation
      $3,545,000
      49,742 SF

      8715 Bollman Pl

      DISTRIBUTION WAREHOUSE • 49,742 SF
      8715 Bollman Pl, Savage, MD 20763-9757
      View Details
    • Value Estimation
      $9,540,000
      120,761 SF

      8730 Greenwood Pl

      DISTRIBUTION WAREHOUSE • 120,761 SF
      8730 Greenwood Pl, Savage, MD 20763-9807
      View Details
    • Value Estimation
      $12,005,000
      190,752 SF

      8700 Larkin Rd

      DISTRIBUTION WAREHOUSE • 190,752 SF
      8700 Larkin Rd, Savage, MD 20763-9700
      View Details
    • Value Estimation
      $6,590,000
      89,468 SF

      8869 Greenwood Pl

      DISTRIBUTION WAREHOUSE • 89,468 SF
      8869 Greenwood Pl, Savage, MD 20763-9748
      View Details
    • Value Estimation by Request
      1,440 SF

      8945 Baltimore St

      DISTRIBUTION WAREHOUSE • 1,440 SF
      8945 Baltimore St, Savage, MD 20763
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Savage Office Building For Sale

      30,000 SF office building with excellent highway access.
      8510 Corridor Rd, Savage, MD 20763
      View Details
    • $549,000

      Woodward Street Specialty Property For Sale

      Specialty property available for purchase on Woodward Street.
      8334 Woodward St, Savage, MD 20763
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    Similar Nearby for Lease

    • Contact for pricing
      34,800 SF

      Industrial Property Near I-95

      Warehouse with immediate access to major transportation routes.
      8700 Larkin Rd, Savage, MD 20763
      View Details
    • Contact for pricing
      42,545 SF

      Industrial Space Near I-95

      Industrial property with convenient access to major transportation routes.
      8750 Larkin Rd, Savage, MD 20763
      View Details
    • Contact for pricing
      51,546 SF

      Savage Industrial Property for Lease

      Modern industrial space available near major transportation routes.
      8870 Greenwood Pl, Savage, MD 20763
      View Details
    • Contact for pricing
      25,772 SF

      Industrial Property Near Transportation Routes

      Modern industrial space with flexible lease options, convenient location.
      8680 Greenwood Pl, Savage, MD 20763
      View Details
    • Contact for pricing
      49,268 SF

      Industrial Space Near I-95

      49,268 SF industrial space with easy access to major routes.
      8715 Bollman Pl, Savage, MD 20763
      View Details
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    8840 Greenwood Pl
    Savage, MD 20763-9709
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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