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    909 Ridgebrook Rd, Unit 300 Sparks Glencoe, MD 21152
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    Property profile & analytics

    909 Ridgebrook Rd, Unit 300 Sparks Glencoe, MD 21152

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    • Office Spaces
    • 13,354 SF
    • 0.31 lot acres
    For Sale
    $1,625,000
    View Listing →
    Fully Leased Office Condominium For Sale
    $1,625,000
    15,000 SF

    Fully Leased Office Condominium

    15,000 SF office condo, leased through 2031.

    909 Ridgebrook Rd #300, Sparks Glencoe, MD 21152
    View Listing
    Property ID
    US40-1529103
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 909 Ridgebrook Rd

    Year built
    2007
    Lot size
    0.31 lot acres
    Property size
    13,354 SF
    Zone code
    ML
    Property type
    Office Spaces
    APN
    08-2500003526
    APU
    82500003526

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,132,000
      Market price range: $1.90M - $3.49M
      AI Estimate
      $1,790,000
      Market price range: $1.29M - $3.37M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,835,000
      Current use
      MEDICAL BUILDING
      $3,035,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $2,845,000
      Change: +0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6535
    Latitude
    39.5227
    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
    2023
    $12,567
    $0.00
    $0.00
    $1,807,233
    -
    $500,700
    $1,502,400
    $2,003,100

    Comparable in this City

    • Value Estimation by Request
      817 SF

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      CONDOMINIUM OFFICES • 817 SF
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    • Value Estimation by Request
      1,450 SF

      954 Ridgebrook Rd Ste, Unit 330

      CONDOMINIUM OFFICES • 1,450 SF
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    • Value Estimation by Request
      1,258 SF

      913 Ridgebrook Rd Ste, Unit 202

      CONDOMINIUM OFFICES • 1,258 SF
      913 Ridgebrook Rd Ste, Sparks, MD 21152-9467
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    • Value Estimation by Request
      1,504 SF

      909 Ridgebrook Rd Ste, Unit 204

      CONDOMINIUM OFFICES • 1,504 SF
      909 Ridgebrook Rd Ste, Sparks, MD 21152-9476
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    • Value Estimation by Request
      1,526 SF

      913 Ridgebrook Rd Ste, Unit 214

      CONDOMINIUM OFFICES • 1,526 SF
      913 Ridgebrook Rd Ste, Sparks Glenco, MD 21152-9467
      View Details
    • Value Estimation by Request
      1,793 SF

      913 Ridgebrook Rd Ste, Unit 312

      CONDOMINIUM OFFICES • 1,793 SF
      913 Ridgebrook Rd Ste, Sparks, MD 21152-9457
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,818 SF

      Sparks Glencoe Office Space

      Office space available for rent in Sparks Glencoe, Maryland.
      913 Ridgebrook Rd, Sparks Glencoe, MD 21152
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    • Contact for pricing
      1,822 SF

      Sparks Glencoe Office Space Available

      Office space for rent in Sparks Glencoe, Maryland.
      909 Ridgebrook Rd, Sparks Glencoe, MD 21152
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    • Contact for pricing
      92,909 SF

      Class A Office Building Space

      69,737 SF Class A office building for lease.
      920-930 Ridgebrook Rd, Sparks, MD 21152
      View Details
    • $1,625,000

      Fully Leased Office Condominium

      15,000 SF office condo, leased through 2031.
      909 Ridgebrook Rd, Sparks Glencoe, MD 21152
      View Details
    • $2,350,000

      130+ Acre Belfast Valley Land

      130.9 acres with approved building sites in Sparks Glencoe.
      15651 Duncan Hill Rd, Sparks Glencoe, MD 21152
      View Details

    Similar Nearby for Lease

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      70,000 SF

      Suburban Office Building in Sparks

      High-quality office building with large floorplates, ample parking.
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      Office Space For Rent

      Office space available for rent at 954 Ridgebrook Road.
      954 Ridgebrook Rd, Sparks, MD 21152
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      Sparks Office and R&D Space

      Flexible office and R&D space for lease in Sparks.
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      155,000 SF

      Highlands Corporate Office Park

      Class A office space in Sparks, Maryland, with scenic views.
      931 Ridgebrook Rd, Sparks, MD 21152
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    • $14 SF/Yr

      Office/Medical Suites For Lease

      Office and medical suites available for lease.
      10 Fila Way, Sparks Glencoe, MD 21152
      View Details
    • Contact for pricing

      Flex and Office Space Available

      Flex and office spaces in Sparks, MD, near Hunt Valley.
      47 Loveton Cir, Sparks Glencoe, MD 21152
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    View Listing
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    Sparks Glencoe, MD 21152
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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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    909 Ridgebrook Rd, Sparks Glencoe, MD, 21152
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