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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office buildings
Walnut Ave, Owings Mills, MD 21117
Entity Owned
10-yr Hold
Free & Clear
Property ID
US40-1443849
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
2,564 SF
Lot
1.85 ac (80,586 SF)
Zoning code
BLCR
APN
04-0408003131
UPID
US40-1443849
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
$904k
Blend (final)
Blend
$770k
Owner & transaction history
Dantech Real Estates LLC · 10 yrs held
Dantech Real Estates LLC
since 2015
4 recorded transactions
Zoning & alternative use
BLCR · Owings Mills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+89.8%
Commercial (general)
$850,000
+40.1%
Warehouse, storage
$665,000
+9.0%
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 Owings Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owings Mills 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
OFFICE BUILDING
$610,000
Current use
AUTO REPAIR, GARAGE
$1,155,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: +40% · Conversion: Easy
WAREHOUSE, STORAGE
$665,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: -4% · Conversion: Easy
RETAIL STORES
$545,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$300 / 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
$4,307
Tax year 2023
Assessed value
$705,700
Assessed 2023
Previous assessed
$693,100
+1.8% YoY
Effective rate
0.61%
On assessed value
Land market value
$361,200
Improvement market value
$369,700
Total market value
$730,900
Applied tax rate
4.0000
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
2014
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
2,564 SF
Lot
1.85 ac (80,586 SF)
Zoning code
BLCR
APN
04-0408003131
UPID
US40-1443849
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCR · Owings Mills, MD
Zoning BLCR · permitted uses
BLCR · Owings Mills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owings Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$665,000
MEDICAL BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$545,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
2014
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Dantech Real Estates LLC
Entity
Free & Clear · 10 yrs held
Mailing address
12213 PARK HTS AVE, OWINGS MILLS, MD 21117-1013
Ownership since
2015
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 14, 2015
—
Dantech Real Estates LLC
Danctech INC
Grant Deed
—
Aug 29, 2013
$108,500
Dantech INC
Rhoten,nancy L
Grant Deed
$489,500 · United Bank
Nov 19, 2010
—
Kelly E Rhoten
Rhoten,nancy L
Quit Claim Deed
related
—
—
—
Dantech INC
—
Deed Of Trust
related
$493,000 · Wells Fargo Bk
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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