Entity Owned Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,000 SF
Lot
1.51 ac (65,776 SF)
Zoning code
M2
APN
06-504604
UPID
US40-0144255
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advertising Agency Marketing & Advertising
-
Advertising Agency Marketing & Advertising
-
General Contractor Renovation Specialist
-
Home Appliance Store IT Consulting Firm
-
Distribution Center Logistics Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.83M
Owner & transaction history
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
M2 · Annapolis Jct, MD
Top alternative use upside
Commercial (general)
$4.3M
+73.8%
Warehouse, storage
$3.3M
+33.3%
Office building
$3.0M
+22.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.83M
Value range
$2.54M – $3.11M
±10% around blend
Estimated value / SF
$157 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$2.54M
blend $2.83M
$3.11M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,000 SF
Lot area
1.51 ac
Year built
2004
Stories
1
APN
06-504604
Zoning
M2
Assessed value
$2,153,600
Annual tax
$24,176
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.16M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.42M
@ 6.5% CAP return
$3.16M
@ 7% CAP return
$2.93M
4
Sales comparison
Partial preview
Sales approach indication
$2.56M
Range $1.87M – $3.74M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.83M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 16 sales
$137
+15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $157/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+74%
vs current-use indication
Warehouse, Storage
Office Building
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
7.30%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.30%
9.0%
NOI (est.)
$252k *
Last sale · Dec 2022
$3.60M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.45M
Move the market yield to see immediate price impact.
Value / SF
$192
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.80%7.30%7.80%
$227k
$3.34M
$3.11M
$2.91M
$252k
$3.71M
$3.45M
$3.23M
$277k
$4.08M
$3.80M
$3.55M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$24,176
Tax year 2022
Assessed value
$2,153,600
Assessed 2023
Previous assessed
$2,147,100
+0.3% YoY
Effective rate
1.12%
On assessed value
Land market value
$328,800
Improvement market value
$1,837,800
Total market value
$2,166,600
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
18,000 SF
Lot
1.51 ac (65,776 SF)
Zoning code
M2
APN
06-504604
UPID
US40-0144255
Jurisdiction
HOWARD
Zoning & alternative use
M2 · Annapolis Jct, MDZoning M2 · permitted uses
M2 · Annapolis Jct, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2
Jurisdiction
Annapolis Jct, MD
Recorded code
M2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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