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Property profile & analytics
OFF-MARKET
Estimated value
$17,380,000
Office buildings
9515 Deereco Rd, Timonium, MD 21093-2116
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US40-1184335
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
150,730 SF
Lot
2.45 ac (106,722 SF)
Zoning code
ML-IM
APN
08-2300004201
UPID
US40-1184335
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.34M
Comparable Approach
Comparable
$23.35M
Blend (final)
Blend
$17.38M
Owner & transaction history
9515 Deereco Rd LLC · 27 yrs held
9515 Deereco Rd LLC
since 1998
4 recorded transactions
Zoning & alternative use
ML-IM · Timonium, 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 Timonium submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Timonium 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%
$18,785,000
6.5%
$17,340,000
7%
$16,105,000
Blend value · Realmo final
$17.38M
Range $15.64M – $19.12M · ±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
$115 / 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
$178,996
Tax year 2023
Assessed value
$13,594,800
Assessed 2023
Previous assessed
$14,931,300
-9.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,843,500
Assessed improvement
$11,751,300
Land market value
$1,843,500
Improvement market value
$11,751,300
Total market value
$13,594,800
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
YES
Cooling
YES
Stories
10
Units
1
Total area
150,730 SF
Lot
2.45 ac (106,722 SF)
Zoning code
ML-IM
APN
08-2300004201
UPID
US40-1184335
Jurisdiction
BALTIMORE
Zoning & alternative use
ML-IM · Timonium, MD
Zoning ML-IM · permitted uses
ML-IM · Timonium, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Timonium. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
10
Units
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
9515 Deereco Rd LLC
Entity
Mailing address
9640 DEERECO RD, TIMONIUM, MD 21093-2120
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
9515 Deereco Road LLC
—
Deed
related
$10,500,000 · Manufacturers & Traders Tr
Sep 14, 1998
—
9515 Deereco Rd LLC
9500 Deereco Rd Ptshp Assoc
Grant Deed
related
—
—
—
9515 Deereco Road LLC
—
Deed Of Trust
related
$10,300,000 · Hill Management Services INC
—
—
9515 Deereco Road LLC
—
Loan Modification
related
$10,500,000 · Manufacturers & Traders Tr
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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