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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Warehouses
101 Frank Adams Industrial Pkwy Federalsburg, MD 21632-2768
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1800561
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
20,000 SF
Lot
4.68 ac (203,861 SF)
Zoning code
ID2
APN
05-030617
UPID
US40-1800561
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
Current use
Occupant on record · Public records
-
Blind Industries and Services of Maryland Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$968k
Blend (final)
Blend
$1.07M
Owner & transaction history
Radziewicz Real Estate LLC · 1 yrs held
Radziewicz Real Estate LLC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
ID2 · Federalsburg, 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 Federalsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Federalsburg 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
$1,255,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.00M (Mar 31 2023)
Last sale anchor
$1.00M
Mar 31 2023
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
$54 / 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
$13,193
Tax year 2023
Assessed value
$697,300
Assessed 2023
Previous assessed
$690,000
+1.1% YoY
Effective rate
1.89%
On assessed value
Assessed land
$135,900
Assessed improvement
$561,400
Land market value
$135,900
Improvement market value
$561,400
Total market value
$697,300
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
HEAT PUMP
Stories
1
Units
1
Total area
20,000 SF
Lot
4.68 ac (203,861 SF)
Zoning code
ID2
APN
05-030617
UPID
US40-1800561
Jurisdiction
CAROLINE
Zoning & alternative use
ID2 · Federalsburg, MDZoning ID2 · permitted uses
ID2 · Federalsburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
HEAT PUMP
Stories
1
Units
1
Lot
4.68 ac
Current owner
From public records · entity-resolved
Radziewicz Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
612 ACADEMY AVE, FEDERALSBURG, MD 21632-2600
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
$1,700,000
Radziewicz Real Estate LLC
E&b LLC
Deed
—
Mar 31, 2023
$1,000,000
E&b LLC
Blind Industries And Services Of Md
Deed
$700,000 · Wilmington Savings Fund Society Fsb
Jan 6, 2022
—
Blindindustries And Services Of Mar
—
Deed
related
—
Aug 17, 2020
—
Blind Industries & Svcs Of Maryla
—
Deed
related
$1,815,000 · National Capital Management LP National Capital Management LP
May 13, 2016
$690,000
Blind Industries & Services Of
Dennis S Kellough LLC
Grant Deed
—
—
—
Blind Industries & Svcs Of Maryla
—
Deed Of Trust
related
$1,100,000 · National Capital Management LP National Capital Management LP
—
—
Blind Industries & Svcs Of Maryla
—
Deed Of Trust
related
$1,815,000 · National Capital Management LP National Capital Management LP
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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