225 Schilling CirCockeysville, MD 21031

  • Office buildings
  • 131,360 SF

Property Details for 225 Schilling Cir

Year built
2012
Construction
BRICK
Lot size
7.31 AC
Property size (Sq ft)
131,360 SF
Zone code
ML
Property type
Office buildings
APN
08-2500008765
APU
82500008765

Description

Schilling Green II offers premium executive office space for lease in Baltimore County's Route 83 Corridor North submarket. This Class A, four-story building boasts 131,347 square feet of total space, with 18,123 square feet currently vacant. Units range from a minimum of 1,150 square feet to a maximum contiguous space of 4,722 square feet, making it ideal for businesses of various sizes. The building is situated within Merritt's Schilling Square business park, providing convenient access to Shawan Road and I-695, as well as proximity to a light rail station and Hunt Valley Towne Centre. Amenities include a state-of-the-art fitness center, a full-service restaurant, ample parking (504 spaces, a 4/1000 ratio), and convenient access to Comcast and FiOS services. The building features an advanced HVAC system with underfloor air distribution, water bottle filling stations, and electric vehicle charging stations. Schilling Green II is a 2012 Associated Builders and Contractors Merit Award of Excellence Winner and Green Project of the Year (New Project Over $10 Million), reflecting its commitment to sustainability. The building's LEED Platinum certification by the U.S. Green Building Council underscores its environmentally friendly design and operation. Seven spaces are currently available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $19,957,160
    6.5%
    $18,421,994
    7%
    $17,106,138
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,263,858
    Geo Method
    $8,263,858
  • Alternative Use

    Use
    Valuation
    Residential
    $22,843,274
    Hospitality
    $20,924,316
    Educational
    $17,408,784
    Medical
    $18,007,500
    Retail
    $27,080,332

Location Insight

City
Hunt Valley
County
Baltimore
State
Maryland
Latitude
39.4909
Longitude
-76.6632
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$341,516
-
-
$26,434,600
-
$5,486,100
$20,958,700
$26,444,800

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