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Property profile & analytics
OFF-MARKET
Estimated value
$79,370,000
Distribution properties
Reisterstown Rd, Pikesville, MD 21208
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1658703
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Year built
1999
Construction
BRICK
Total area
1,887 SF
Lot
10.92 ac (475,675 SF)
Zoning code
DR3.5
APN
03-2300000479
UPID
US40-1658703
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
by Request
Blend (final)
Blend
$79.37M
Owner & transaction history
Magazine Avalon LP · 20 yrs held
Magazine Avalon LP
since 2006
Last sale
$73.5M
7 recorded transactions
Zoning & alternative use
DR3.5 · Pikesville, 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 Pikesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pikesville 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
$91,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$79.37M
Range $71.43M – $87.31M · ±10% · vs last sale $73.50M (Dec 8 2020)
Last sale anchor
$73.50M
Dec 8 2020
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
$42,061 / 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
$400,662
Tax year 2023
Assessed value
$26,600,000
Assessed 2023
Previous assessed
$26,162,000
+1.7% YoY
Effective rate
1.51%
On assessed value
Land market value
$4,915,300
Improvement market value
$22,122,700
Total market value
$27,038,000
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
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
8
Stories
2
Units
132
Total area
1,887 SF
Lot
10.92 ac (475,675 SF)
Zoning code
DR3.5
APN
03-2300000479
UPID
US40-1658703
Jurisdiction
BALTIMORE
Zoning & alternative use
DR3.5 · Pikesville, MD
Zoning DR3.5 · permitted uses
DR3.5 · Pikesville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pikesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
8
Units
132
Lot
10.92 ac
Current owner
From public records · entity-resolved
Magazine Avalon LP
Entity
Mailing address
112 S BROAD ST FL, KENNETT SQUARE, PA 19348-3102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
—
Terra Funding-avalon LLC
—
Deed
related
$24,500,000 · Webster Bk NA
Oct 20, 2009
—
Magazine Avalon
—
Deed Of Trust
related
$23,760,000 · Deutsche Bank Berkshire Mtg
May 18, 2006
$57,561,085
Magazine Avalon LP
Tc-courts Co LLC
Grant Deed
$786,800,000 · Morgan Stanley Mtg Capital INC
May 1, 2003
$16,380,000
Shamrock Acuisitions LLC
Brh Ironshore Associates LLC
Trustees Deed
$16,380,000 · Tc Operating LP
May 1, 2003
$25,620,000
Daisy Acquisitions LLC
Brh Ironshore Associates LLC
Trustees Deed
$25,620,000 · Tc Operating LP
Jul 2, 2001
—
Brh Ironhorse Associates LLC
—
Deed Of Trust
related
$28,570,000 · Capri Capital Finance LLC
—
—
Daisy Acquisitions LLC
—
Deed Of Trust
related
—
—
—
Daisy Acquisitions LLC
—
Deed Of Trust
related
—
—
—
9000 Iron Horse LLC
—
Deed Of Trust
related
$41,422,000 · Newmark Knight Frank
—
—
Terra Funding-avalon LLC
—
Deed Of Trust
related
$24,500,000 · Webster Bk NA
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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