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Property profile & analytics
OFF-MARKET
Estimated value
$21,980,000
Retail properties & Spaces
Mccormick Rd, Cockeysville, MD 21030
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1694391
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1981
Construction
BRICK
Total area
141,344 SF
Lot
8.99 ac (391,561 SF)
Zoning code
BM
APN
08-1800014690
UPID
US40-1694391
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
by Request
Comparable Approach
Comparable
$22.05M
Blend (final)
Blend
$21.98M
Owner & transaction history
Ggcal Srg Hv LLC · 7 yrs held
Ggcal Srg Hv LLC
since 2019
4 recorded transactions
Zoning & alternative use
BM · Cockeysville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$36.5M
+21.3%
Office building
$33.5M
+11.3%
Medical building
$32.1M
+6.6%
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 Cockeysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cockeysville 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
Alternative Use
Use
Estimation
RETAIL STORES
$30,130,000
Current use
WAREHOUSE, STORAGE
$36,535,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$33,530,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$32,130,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$21.98M
Range $19.78M – $24.18M · ±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
$156 / 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
$197,342
Tax year 2023
Assessed value
$14,959,300
Assessed 2023
Previous assessed
$13,985,900
+7.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$7,152,500
Assessed improvement
$7,806,800
Land market value
$7,152,500
Improvement market value
$7,806,800
Total market value
$14,959,300
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1981
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
3
Total area
141,344 SF
Lot
8.99 ac (391,561 SF)
Zoning code
BM
APN
08-1800014690
UPID
US40-1694391
Jurisdiction
BALTIMORE
Zoning & alternative use
BM · Cockeysville, MD
Zoning BM · permitted uses
BM · Cockeysville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cockeysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$30.1M
WAREHOUSE, STORAGE
Est. value
$36.5M
OFFICE BUILDING
Est. value
$33.5M
MEDICAL BUILDING
Est. value
$32.1M
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1981
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
8.99 ac
Current owner
From public records · entity-resolved
Ggcal Srg Hv LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10096 RED RUN BLVD STE #100, OWINGS MILLS, MD 21117-4632
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
—
Ggcal Srg Hv LLC
—
Deed
related
$20,500,000 · S & T Bank
Oct 27, 2021
—
Ggcal Srg Hv LLC
—
Deed
related
$20,000,000 · Sandy Spring Bank
Mar 28, 2019
—
Ggcal Srg Hv LLC
Seritage Src Finance LLC
Quit Claim Deed
—
Jul 21, 2015
—
Seritage Src Finance LLC
Sears Roebuck & Co
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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