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Property profile & analytics
OFF-MARKET
Estimated value
$4,305,000
Warehouses
101 Peninsula Dr Ste 1, North East, MD 21901-2310
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-2235326
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
BRICK
Total area
48,000 SF
Lot
4.57 ac (199,069 SF)
Zoning code
M1
APN
05-086892
UPID
US40-2235326
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
$4.93M
CAP Approach
CAP
$4.62M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$4.31M
Owner & transaction history
101 Peninsula LLC · 5 yrs held
101 Peninsula LLC
since 2021
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
M1 · North East, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.1M
+11.0%
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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$5,195,000
ML approach
$4,925,000
CAP Approach
CAP Return
Estimation
6%
$5,000,000
6.5%
$4,620,000
7%
$4,290,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,475,000
Current use
COMMERCIAL (GENERAL)
$6,080,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.87M – $4.74M · ±10% · vs last sale $3.95M (Jun 8 2021)
Last sale anchor
$3.95M
Jun 8 2021
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
$90 / 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
$23,654
Tax year 2023
Assessed value
$2,141,800
Assessed 2023
Previous assessed
$1,958,667
+9.3% YoY
Effective rate
1.10%
On assessed value
Assessed land
$228,300
Assessed improvement
$1,913,500
Land market value
$228,300
Improvement market value
$1,913,500
Total market value
$2,141,800
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
48,000 SF
Lot
4.57 ac (199,069 SF)
Zoning code
M1
APN
05-086892
UPID
US40-2235326
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · North East, MD
Zoning M1 · permitted uses
M1 · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$6.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1987
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
4.57 ac
Current owner
From public records · entity-resolved
101 Peninsula LLC
Entity
Free & Clear · 5 yrs held
Mailing address
160 SENECA SHRS RD, PERRYVILLE, MD 21903-1224
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
—
101 Peninsula LLC
—
Deed
related
$2,400,000 · Provident Bank
Jun 8, 2021
$3,950,000
101 Peninsula LLC
Peninsula Holdings LLC
Special Warranty Deed
—
Mar 25, 2010
$1,325,000
Peninsula Holdings LLC
Granger,paul A SR & Janet L
Grant Deed
related
—
Nov 5, 2004
$1,500,000
Paul A Granger SR.
Peninsula Properties
Grant Deed
$1,500,000 · Wilmington Trust Fsb
—
—
Paul A Granger SR.
—
Deed Of Trust
related
$150,000 · Wilmington Trust Fsb
—
—
Paul A Granger SR.
—
Deed Of Trust
related
$315,000 · Nbrs Financial Bank
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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