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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Warehouses
107 Hissey Rd, Grasonville, MD 21638-1012
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-1155338
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
BRICK
Total area
10,192 SF
Lot
7.16 ac (312,064 SF)
Zoning code
UC
APN
05-011809
UPID
US40-1155338
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
-
JPN Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$1.12M
Owner & transaction history
Joban LLC · 6 yrs held
Joban LLC
since 2020
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
UC · Grasonville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+43.0%
Auto repair, garage
$1.5M
+33.9%
Retail stores
$1.5M
+33.2%
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 Grasonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grasonville 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
$1,145,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,105,000
Current use
OFFICE BUILDING
$1,580,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,475,000
Change: +34% · Conversion: Easy
RETAIL STORES
$1,470,000
Change: +33% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$995,000
Change: -10% · Conversion: Easy
RESTAURANT
$910,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.10M (Apr 6 2020)
Last sale anchor
$1.10M
Apr 6 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
$109 / 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
$12,047
Tax year 2023
Assessed value
$1,278,833
Assessed 2023
Previous assessed
$1,218,967
+4.9% YoY
Effective rate
0.94%
On assessed value
Land market value
$1,179,100
Improvement market value
$159,600
Total market value
$1,338,700
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
BASEBOARD
Buildings
2
Stories
1
Units
200
Total area
10,192 SF
Lot
7.16 ac (312,064 SF)
Zoning code
UC
APN
05-011809
UPID
US40-1155338
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
UC · Grasonville, MD
Zoning UC · permitted uses
UC · Grasonville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grasonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$995,000
RESTAURANT
Est. value
$910,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
RESTAURANT
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
1985
Construction
BRICK
Heating
BASEBOARD
Stories
1
Buildings
2
Units
200
Lot
7.16 ac
Current owner
From public records · entity-resolved
Joban LLC
Entity
Free & Clear · 6 yrs held
Mailing address
168 SWEETBRIAR LN, STEVENSVILLE, MD 21666-2021
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
—
Joban LLC
—
Deed
related
$1,925,000 · Trustar Bank
Apr 6, 2020
$1,100,000
Joban LLC
Cvly LLC
Grant Deed
—
Mar 6, 2019
$750,000
Cvly LLC
Eisenstein Harris W|polun,nelson M
Trustees Deed
related
—
Mar 30, 2017
$2,200,000
Grasonville Goose LLC
Polun,nelson M
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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