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Property profile & analytics
OFF-MARKET
Estimated value
$24,030,000
Outlet malls
York Rd Lutherville, MD 21093
Entity Owned
16-yr Hold
Free & Clear
Property ID
US40-1687919
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2005
Total area
92,000 SF
Lot
15.68 ac (683,021 SF)
Zoning code
BLCCC
APN
08-0825045300
UPID
US40-1687919
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
$29.73M
Blend (final)
Blend
$24.03M
Owner & transaction history
Yorkridge Shopping Center LLC · 16 yrs held
Yorkridge Shopping Center LLC
since 2010
3 recorded transactions
Zoning & alternative use
BLCCC · Lutherville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$36.4M
+85.6%
Commercial (general)
$30.6M
+56.0%
Warehouse, storage
$23.8M
+21.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$19,610,000
Current use
RESTAURANT
$36,395,000
Change: +86% · Conversion: Easy
COMMERCIAL (GENERAL)
$30,585,000
Change: +56% · Conversion: Easy
WAREHOUSE, STORAGE
$23,780,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$21,825,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$20,915,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$24.03M
Range $21.63M – $26.43M · ±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
$261 / 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
$307,493
Tax year 2023
Assessed value
$22,511,733
Assessed 2023
Previous assessed
$21,818,600
+3.2% YoY
Effective rate
1.37%
On assessed value
Land market value
$12,964,500
Improvement market value
$10,933,500
Total market value
$23,898,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
92,000 SF
Lot
15.68 ac (683,021 SF)
Zoning code
BLCCC
APN
08-0825045300
UPID
US40-1687919
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCCC · Lutherville, MD
Zoning BLCCC · permitted uses
BLCCC · Lutherville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lutherville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$19.6M
RESTAURANT
Est. value
$36.4M
COMMERCIAL (GENERAL)
Est. value
$30.6M
WAREHOUSE, STORAGE
Est. value
$23.8M
OFFICE BUILDING
Est. value
$21.8M
MEDICAL BUILDING
Est. value
$20.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2005
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
15.68 ac
Current owner
From public records · entity-resolved
Yorkridge Shopping Center LLC
Entity
Free & Clear · 16 yrs held
Mailing address
910 REISTERSTOWN RD, BALTIMORE, MD 21208-4204
Ownership since
2010
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
Apr 21, 2021
—
Yorkridge Shopping Center LLC
—
Deed
related
$1,500,000 · Howard Bank
Feb 21, 2018
—
Yorkridge Shopping Center LLC
—
Grant Deed
related
$13,500,000 · Miscellaneous Ins Co
Jan 4, 2010
—
Yorkridge Shopping Center LLC
Schwaber Cecelia Trust
Grant Deed
related
—
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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