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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Office buildings
10404 Stevenson Rd Stevenson, MD 21153-0600
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0111811
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
7,013 SF
Lot
4.08 ac (177,725 SF)
Zoning code
BL
APN
03-2500003153
UPID
US40-0111811
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
$805k
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$965k
Owner & transaction history
Stevenson Railroad LLC · 6 yrs held
Stevenson Railroad LLC
since 2020
6 recorded transactions
Zoning & alternative use
BL · Stevenson, 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 Stevenson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stevenson 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%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,595,000
Change: -4% · Conversion: Easy
RETAIL STORES
$1,495,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$138 / 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
$6,345
Tax year 2023
Assessed value
$1,047,000
Assessed 2023
Previous assessed
$1,047,000
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$714,800
Assessed improvement
$332,200
Land market value
$714,800
Improvement market value
$332,200
Total market value
$1,047,000
Applied tax rate
3.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Buildings
3
Stories
2
Units
3
Total area
7,013 SF
Lot
4.08 ac (177,725 SF)
Zoning code
BL
APN
03-2500003153
UPID
US40-0111811
Jurisdiction
BALTIMORE
Zoning & alternative use
BL · Stevenson, MD
Zoning BL · permitted uses
BL · Stevenson, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stevenson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
RETAIL STORES
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
HEAT PUMP
Stories
2
Buildings
3
Units
3
Lot
4.08 ac
Current owner
From public records · entity-resolved
Stevenson Railroad LLC
Entity
Mailing address
PO BOX 400, PHOENIX, MD 21131-0400
Ownership since
2020
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
Jan 31, 2020
—
Stevenson Railroad LLC
—
Deed
related
$900,000 · Rosedale Fed'l S&l Assn
Sep 30, 2016
—
Stevenson Station LLC
—
Deed
related
$2,100,000 · Manufacturers & Traders Trust Co
Jun 1, 2011
—
Stevenson Station LLC
—
Deed Of Trust
related
$2,194,700 · Manufacturers Traders & Trust
—
—
Stevenson Railroad LLC
—
Deed Of Trust
related
$1,216,000 · Susquehanna Bank
—
—
Stevenson Station LLC
—
Deed Of Trust
related
$2,250,000 · Manufacturers Traders & Trust
—
—
Stevenson Railroad LLC
—
Deed Of Trust
related
$900,000 · Rosedale Fed'l S&l Assn
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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