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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
108 Baltimore St Funkstown, MD 21734-1160
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1206227
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Construction
BRICK
Total area
7,162 SF
Lot
0.68 ac (29,795 SF)
Zoning code
TC
APN
10-001412
UPID
US40-1206227
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
$760k
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$715k
Owner & transaction history
Klein Realty LLC · 7 yrs held
Klein Realty LLC
since 2019
6 recorded transactions
Zoning & alternative use
TC · Funkstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides for the continuation of the Town's core area which generally contains a mixture of residential, commercial and public service uses
Zone name
Town Center District
General category
COMMERCIAL
Zone area
25.57 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.1M
+92.3%
Auto repair, garage
$1.0M
+84.8%
Commercial (general)
$900,000
+60.1%
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 Funkstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Funkstown 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%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$565,000
Current use
RETAIL STORES
$1,085,000
Change: +92% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,040,000
Change: +85% · Conversion: Easy
COMMERCIAL (GENERAL)
$900,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$100 / 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
$6,239
Tax year 2023
Assessed value
$681,900
Assessed 2023
Previous assessed
$681,900
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$84,700
Assessed improvement
$597,200
Land market value
$84,700
Improvement market value
$597,200
Total market value
$681,900
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1945
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Total area
7,162 SF
Lot
0.68 ac (29,795 SF)
Zoning code
TC
APN
10-001412
UPID
US40-1206227
Jurisdiction
WASHINGTON
Zoning & alternative use
TC · Funkstown, MDZoning TC · permitted uses
TC · Funkstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides for the continuation of the Town's core area which generally contains a mixture of residential, commercial and public service uses
Zone name
Town Center District
General category
COMMERCIAL
Zone area
25.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$565,000
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$900,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1945
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Klein Realty LLC
Entity
Mailing address
20332 LEITERSBURG PIKE, HAGERSTOWN, MD 21742-1451
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jul 22, 2019
—
Klein Realty LLC
—
Deed
related
$625,333 · Columbia Bk
—
—
Klein Realty LLC
—
Deed Of Trust
related
$625,333 · Columbia Bk
—
—
Klein Realty LLC
—
Deed Of Trust
related
$50,000 · Susquehanna Bank
—
—
Klein Realty LLC
—
Deed Of Trust
related
$48,000 · Susquehanna Bank
—
—
Klein Realty LLC
—
Deed Of Trust
related
$50,000 · Susquehanna Bank
—
—
Klein Realty LLC
—
Deed Of Trust
related
$100,000 · Susquehanna 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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