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Property profile & analytics
OFF-MARKET
Estimated value
$6,640,000
Hotels
9615 Deereco Rd, Lutherville, MD 21093-6903
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0416247
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Total area
76,946 SF
Lot
3.63 ac (158,253 SF)
APN
08-2500018343
UPID
US40-0416247
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
by Request
CAP Approach
CAP
$6.29M
Comparable Approach
Comparable
$7.00M
Blend (final)
Blend
$6.64M
Owner & transaction history
Deereco Hotel Complex LLC · 2 yrs held
Deereco Hotel Complex LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.8M
+42.4%
Office building
$10.8M
+42.0%
Retail stores
$9.8M
+28.7%
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 Lutherville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lutherville 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%
$6,805,000
6.5%
$6,285,000
7%
$5,835,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,580,000
Current use
AUTO REPAIR, GARAGE
$10,795,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$10,760,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$9,750,000
Change: +29% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,575,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.64M
Range $5.98M – $7.30M · ±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
$86 / 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
$49,404
Tax year 2023
Assessed value
$8,152,400
Assessed 2023
Previous assessed
$8,152,400
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$2,129,900
Assessed improvement
$6,022,500
Land market value
$2,129,900
Improvement market value
$6,022,500
Total market value
$8,152,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Stories
7
Units
1
Total area
76,946 SF
Lot
3.63 ac (158,253 SF)
APN
08-2500018343
UPID
US40-0416247
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.8M
RETAIL STORES
Est. value
$9.8M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (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
1988
Heating
YES
Cooling
Yes
Stories
7
Units
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
Deereco Hotel Complex LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9640 DEERECO RD TIMONIUM
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
—
Deereco Hotel Complex LLC
Deereco Road Associates LP
Deed
—
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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