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Property profile & analytics
FOR SALE
Manufacturing properties
10725 Demarr Rd White Plains, MD 20695
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0891427
For Sale
$1,500,000
10725 Demarr Rd, White Plains, MD 20695
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Construction
STEEL FRAME
Total area
23,400 SF
Lot
12.71 ac (553,648 SF)
Zoning code
IG
APN
06-226329
UPID
US40-0891427
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
-
Voilier Yachts (Bike/Boat/Book/etc) Store Production Facility
-
SRS Building Products Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$5.24M
Owner & transaction history
Hardy LP Pierce · 22 yrs held
Hardy LP Pierce
since 2003
5 recorded transactions
Zoning & alternative use
IG · White Plains, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.7M
+89.6%
Restaurant
$6.6M
+86.0%
Commercial (general)
$6.3M
+78.7%
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 White Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Plains 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,535,000
Current use
OFFICE BUILDING
$6,700,000
Change: +90% · Conversion: Difficult
RESTAURANT
$6,570,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,315,000
Change: +79% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,560,000
Change: +57% · Conversion: Easy
RETAIL STORES
$5,095,000
Change: +44% · Conversion: Moderate
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±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
$224 / 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
$56,619
Tax year 2023
Assessed value
$4,251,767
Assessed 2023
Previous assessed
$4,251,767
+0.0% YoY
Effective rate
1.33%
On assessed value
Land market value
$1,294,000
Improvement market value
$2,994,600
Total market value
$4,288,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
2004
Construction
STEEL FRAME
Heating
SPACE
Buildings
4
Stories
1
Units
5
Total area
23,400 SF
Lot
12.71 ac (553,648 SF)
Zoning code
IG
APN
06-226329
UPID
US40-0891427
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IG · White Plains, MDZoning IG · permitted uses
IG · White Plains, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$6.7M
RESTAURANT
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2004
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
4
Units
5
Lot
12.71 ac
Current owner
From public records · entity-resolved
Hardy LP Pierce
Entity
Free & Clear · 22 yrs held
Mailing address
1212 YORK RD STE C300, LUTHERVILLE, MD 21093-6274
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Demarr Road LLC
—
Deed
related
$2,750,000 · Wesbanco Bank INC
May 5, 2008
—
Hardy Pierce
—
Deed Of Trust
related
$195,000,000 · Ableco Finance LLC
Oct 14, 2003
$1,000,000
Hardy LP Pierce
Demarr Park Partnership
Grant Deed
—
—
—
Demarr Road LLC
—
Deed Of Trust
related
$3,500,000 · Cardinal Bank
—
—
Demarr Road LLC
—
Deed Of Trust
related
$3,500,000 · Cardinal 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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