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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Office buildings
9 Newport Dr, Forest Hill, MD 21050-1661
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US40-0278447
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
13,770 SF
Lot
0.94 ac (41,037 SF)
Zoning code
C&I
APN
03-247406
UPID
US40-0278447
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
-
A Touch Of Grace Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
AmCareBenefits, LLC Insurance Agency
-
MAPPS Association / Organization
-
Chesapeake Human Resources Association Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.81M
Owner & transaction history
W K Land Development LLC · 26 yrs held
W K Land Development LLC
since 2000
7 recorded transactions
Zoning & alternative use
C&I · Forest Hill, 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 Forest Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Hill 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,780,000
Current use
WAREHOUSE, STORAGE
$2,445,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$131 / 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
$19,247
Tax year 2022
Assessed value
$1,812,400
Assessed 2023
Previous assessed
$1,765,900
+2.6% YoY
Effective rate
1.06%
On assessed value
Land market value
$417,500
Improvement market value
$1,487,900
Total market value
$1,905,400
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,770 SF
Lot
0.94 ac (41,037 SF)
Zoning code
C&I
APN
03-247406
UPID
US40-0278447
Jurisdiction
HARFORD
Zoning & alternative use
C&I · Forest Hill, MD
Zoning C&I · permitted uses
C&I · Forest Hill, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.4M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2004
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
W K Land Development LLC
Entity
Mailing address
1445 ROCK SPG RD, BEL AIR, MD 21014-1920
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2020
—
Wk Land Dev LLC
—
Deed
related
$1,800,000 · Peoplesbank/cordorus Vly
Jan 25, 2018
—
W K Land Development LLC
—
Deed
related
$5,000,000 · Peoples Bank
May 22, 2017
—
Wk Land Devvelopment LLC
—
Deed
related
$1,700,000 · Peoples Bank
Aug 14, 2007
—
W K Land Dev LLC
—
Deed Of Trust
related
$1,050,000 · Provident Bank INC
Jun 15, 2000
$150,000
W K Land Development LLC
Sabet,iraj-irannejad
Grant Deed
$127,500 · Forest Hill State Bank
—
—
Wk Land Dev LLC
—
Loan Modification
related
$1,800,000 · Peoplesbank/cordorus Vly
—
—
W K Land Dev LLC
—
Deed Of Trust
related
$1,700,000 · Nbrs Financial
—
—
Wk Land Dev LLC
—
Deed Of Trust
related
$1,261,562 · Manufacturers & Traders Trust
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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