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Property profile & analytics
OFF-MARKET
Assisted living facilities
10602 Friendship Rd, Berlin, MD 21811-3151
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1979624
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1939
Construction
BRICK
Total area
3,470 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C1
APN
03-008053
UPID
US40-1979624
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
-
Guidinghandsassistedliving Nursing Home Retirement Community
-
Friendship Gardens Nursing Home Retirement Community
-
Guiding Hands Assisted Living LLC Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jessie O Truitt · 2 yrs held
Jessie O Truitt
since 2023
4 recorded transactions
Zoning & alternative use
C1 · Berlin, 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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,030
Tax year 2023
Assessed value
$437,067
Assessed 2024
Previous assessed
$437,067
+0.0% YoY
Effective rate
0.92%
On assessed value
Land market value
$275,400
Improvement market value
$177,600
Total market value
$453,000
Applied tax rate
3.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1939
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
2
Bathrooms
1
Total area
3,470 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C1
APN
03-008053
UPID
US40-1979624
Jurisdiction
WORCESTER
Zoning & alternative use
C1 · Berlin, MD
Zoning C1 · permitted uses
C1 · Berlin, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1939
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Bathrooms
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Jessie O Truitt
Individual
Mailing address
33708 GLASS HL RD, PARSONSBURG, MD 21849-2639
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
—
Jessie O Truitt
James F Bartz
Deed
—
Aug 31, 2023
$390,000
Jessie O Truitt
James F Bartz
Deed
—
—
—
Rosemary E Bartz
—
Deed Of Trust
related
$100,000 · Peninsula Bank
—
—
James F Bartz
—
Deed Of Trust
related
$380,000 · First Shore Federal 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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