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Property profile & analytics
FOR LEASE
Warehouses
98 Industry Ln, Forest Hill, MD 21050
Trust Owned
7-yr Hold
Free & Clear
Property ID
US40-0883774
For Lease
1 / 2
$9 SF/Yr
98 Industry Ln, Forest Hill, MD 21050
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
BRICK
Total area
11,200 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CI
APN
03-297802
UPID
US40-0883774
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
-
Resilient Physiotherapy and Sports Performance - Forest Hill Physician
-
The Soccer Factory Maryland Sports School Sports Field & Court
-
GoApeFIT of Maryland Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$845k
Owner & transaction history
Martin Family Trust LLC · 7 yrs held
Martin Family Trust LLC
since 2019
3 recorded transactions
Zoning & alternative use
CI · 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
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$75 / 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
$6,588
Tax year 2022
Assessed value
$604,000
Assessed 2023
Previous assessed
$604,500
-0.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$232,500
Assessed improvement
$371,500
Land market value
$232,500
Improvement market value
$371,500
Total market value
$604,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1994
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
11,200 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CI
APN
03-297802
UPID
US40-0883774
Jurisdiction
HARFORD
Zoning & alternative use
CI · Forest Hill, MD
Zoning CI · permitted uses
CI · 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.
Building & site characteristics
From public records
Year built
1994
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Martin Family Trust LLC
Trust
Free & Clear · 7 yrs held
Mailing address
109 E JARRETTSVILLE RD, FOREST HILL, MD 21050-1743
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2019
—
Martin Family Trust LLC
Martin,mary M
Quit Claim Deed
related
—
—
—
Mary M Martin
—
Deed Of Trust
related
$12,350 · Provident Bank Maryland
—
—
Mary M Martin
—
Deed Of Trust
related
$364,000 · Farmers Bank Of Maryland
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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