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Property profile & analytics
OFF-MARKET
Estimated value
$21,385,000
Warehouses
103 Fulfillment Dr, Edgewood, MD 21040-1069
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-2244997
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
142,311 SF
Lot
24.28 ac (1,057,637 SF)
Zoning code
GI
APN
01-044656
UPID
US40-2244997
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
$16.17M
Comparable Approach
Comparable
$20.48M
Blend (final)
Blend
$21.39M
Owner & transaction history
103 Fulfillment Investors LLC · 2 yrs held
103 Fulfillment Investors LLC
since 2023
Last sale
$21.5M
3 recorded transactions
Zoning & alternative use
GI · Edgewood, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$35.5M
+40.5%
Commercial (general)
$32.6M
+29.1%
Office building
$28.7M
+13.7%
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 Edgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewood 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
$22,055,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,510,000
6.5%
$16,165,000
7%
$15,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,260,000
Current use
RETAIL STORES
$35,485,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$32,610,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$28,730,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$21.39M
Range $19.25M – $23.52M · ±10% · vs last sale $21.50M (Jul 12 2023)
Last sale anchor
$21.50M
Jul 12 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
$150 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,478
Tax year 2022
Assessed value
$10,354,600
Assessed 2023
Previous assessed
$10,288,167
+0.6% YoY
Effective rate
0.32%
On assessed value
Assessed land
$1,177,000
Assessed improvement
$9,177,600
Land market value
$1,177,000
Improvement market value
$9,177,600
Total market value
$10,354,600
Applied tax rate
1.0000
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
2019
Heating
SPACE
Stories
1
Units
1
Total area
142,311 SF
Lot
24.28 ac (1,057,637 SF)
Zoning code
GI
APN
01-044656
UPID
US40-2244997
Jurisdiction
HARFORD
Zoning & alternative use
GI · Edgewood, MD
Zoning GI · permitted uses
GI · Edgewood, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.3M
RETAIL STORES
Est. value
$35.5M
COMMERCIAL (GENERAL)
Est. value
$32.6M
OFFICE BUILDING
Est. value
$28.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE 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
2019
Heating
SPACE
Stories
1
Units
1
Lot
24.28 ac
Current owner
From public records · entity-resolved
103 Fulfillment Investors LLC
Entity
Mailing address
600 UNICORN PARK DR STE #208, WOBURN, MA 01801-3343
Ownership since
2023
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
Jul 12, 2023
$21,500,000
103 Fulfillment Investors LLC
Fund Xi Trimble Road LLC
Special Warranty Deed
$10,400,000 · United Of Omaha Life Ins Company
Jul 12, 2018
$250,000
Fund Xi Trimble Road LLC
Creg Trimble LLC
Grant Deed
—
Oct 31, 2005
$21,250,000
Prologis-exchange Md 1 LLC
Gap INC
Grant Deed
—
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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