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Property profile & analytics
FOR LEASE
Day care centers
9300 Lyons Mill Rd, Owings Mills, MD 21117
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-1209657
For Lease
1 / 6
$4,575,000
9300 Lyons Mill Rd, Owings Mills, MD 21117
View Listing →
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2018
Total area
10,000 SF
Lot
0.89 ac (38,857 SF)
Zoning code
DR16
APN
02-1600003901
UPID
US40-1209657
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
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.58M
Owner & transaction history
Octopus Island LLC
Octopus Island LLC
since 2026
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
DR16 · Owings Mills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+400.7%
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 Owings Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owings Mills 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
$4,400,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,870,000
Change: +401% · Conversion: Difficult
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±10% · vs last sale $4.90M (Jan 13 2026)
Last sale anchor
$4.90M
Jan 13 2026
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
$458 / 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
$11,467
Tax year 2023
Assessed value
$1,684,900
Assessed 2023
Previous assessed
$1,684,900
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$319,200
Assessed improvement
$1,365,700
Land market value
$319,200
Improvement market value
$1,365,700
Total market value
$1,684,900
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Lease
Year built
2018
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
10,000 SF
Lot
0.89 ac (38,857 SF)
Zoning code
DR16
APN
02-1600003901
UPID
US40-1209657
Jurisdiction
BALTIMORE
Zoning & alternative use
DR16 · Owings Mills, MD
Zoning DR16 · permitted uses
DR16 · Owings Mills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owings Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.9M
COMMERCIAL (GENERAL)
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Octopus Island LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12729 WESTIN ESTS DR, GLEN ALLEN, VA 23059-5793
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
$4,900,000
Octopus Island LLC
Ganges Owings Mills LLC
Deed
—
Feb 27, 2023
$4,100,000
Ganges Owings Mills LLC
Pavilion Development Group LLC
Deed
—
Jan 2, 2018
—
Pavilion Dev Group LLC
—
Deed
related
$745,500 · Acnb Bk
Apr 24, 2017
$400,000
Pavilion Development Group LLC
Jerry A Nelsestuen
Deed
—
Mar 19, 1999
—
Baltimore County (md)
Nelsestuen,jerry A & Judith A
Grant Deed
related
—
—
—
Jerry A Nelsestuen
—
Deed Of Trust
related
$132,209 · Key Bank & Trust
—
—
Pavilion Dev Group LLC
—
Deed Of Trust
related
$745,500 · Acnb Bk
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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