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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Industrial properties
10610 Iron Brg Rd, Jessup, MD 20794-9495
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-2360271
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,550 SF
Lot
2.73 ac (118,919 SF)
Zoning code
M2
APN
06-494498
UPID
US40-2360271
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
-
Doyle Systems LLC General Contractor Construction Company
-
Iron Fabrication Services Inc Construction Company General Contractor
-
Ulimate Construction Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.45M
Blend (final)
Blend
$3.20M
Owner & transaction history
Crystal Dev LLC · 5 yrs held
Crystal Dev LLC
since 2020
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
M2 · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.0M
+22.9%
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 Jessup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jessup 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
$2,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,050,000
Current use
OFFICE BUILDING
$4,975,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.22M (Sep 8 2020)
Last sale anchor
$3.22M
Sep 8 2020
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
$108 / 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
$21,311
Tax year 2022
Assessed value
$2,229,900
Assessed 2023
Previous assessed
$1,892,600
+17.8% YoY
Effective rate
0.96%
On assessed value
Land market value
$594,500
Improvement market value
$2,310,000
Total market value
$2,904,500
Applied tax rate
6.0000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
29,550 SF
Lot
2.73 ac (118,919 SF)
Zoning code
M2
APN
06-494498
UPID
US40-2360271
Jurisdiction
HOWARD
Zoning & alternative use
M2 · Jessup, MD
Zoning M2 · permitted uses
M2 · Jessup, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jessup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$5.0M
INDUSTRIAL (GENERAL) Current
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
Crystal Dev LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11405 MARYLAND AVE, BELTSVILLE, MD 20705-1628
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
$3,220,000
Crystal Dev LLC
Iron Bridge LLC
Grant Deed
—
May 15, 2020
—
Iron Bridge LLC
—
Deed
related
$100,000 · Revere Bk
Nov 14, 2016
—
Iron Bridge LLC
—
Deed
related
$170,000 · Revere Bank
Dec 19, 2008
—
Iron Bridge LLC
—
Deed Of Trust
related
$1,360,000 · Pnc Bank
Feb 20, 2003
—
Savage Leasing Co LLC
Savage Partnership
Quit Claim Deed
related
—
Feb 20, 2003
$1,695,000
Iron Bridge LLC
Savage Leasing Co LLC
Grant Deed
$1,360,000 · Citizens National Bank
—
—
Iron Bridge LLC
—
Deed Of Trust
related
$100,000 · Revere Bk
—
—
Iron Bridge LLC
—
Deed Of Trust
related
$1,210,000 · Revere 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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