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Property profile & analytics
FOR LEASE
Industrial properties
1104 S Philadelphia Blvd, Aberdeen, MD 21001
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1712109
For Lease
1 / 2
$13 SF/Yr
1104 S Philadelphia Blvd, Aberdeen, MD 21001
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2011
Total area
58,700 SF
Lot
15.66 ac (682,150 SF)
Zoning code
M2
APN
02-091488
UPID
US40-1712109
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
-
AASKI Technology, Inc. Engineering Consultant
-
Hickory Ridge Center Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.40M
CAP Approach
CAP
$5.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.24M
Owner & transaction history
Atapco Hickory Ridge LLC · 2 yrs held
Atapco Hickory Ridge LLC
since 2023
Last sale
$7.1M
6 recorded transactions
Zoning & alternative use
M2 · Aberdeen, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.2M
+165.8%
Auto repair, garage
$8.1M
+113.3%
Office building
$7.9M
+106.9%
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
$7,310,000
ML approach
$7,400,000
CAP Approach
CAP Return
Estimation
6%
$5,950,000
6.5%
$5,490,000
7%
$5,100,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,150,000
Change: +166% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,145,000
Change: +113% · Conversion: Easy
OFFICE BUILDING
$7,900,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$7,900,000
Change: +107% · Conversion: Moderate
RESTAURANT
$6,965,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$7.24M
Range $6.52M – $7.96M · ±10% · vs last sale $7.13M (Oct 6 2023)
Last sale anchor
$7.13M
Oct 6 2023
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
$123 / 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
$28,304
Tax year 2022
Assessed value
$2,969,100
Assessed 2023
Previous assessed
$2,969,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,744,600
Assessed improvement
$1,224,500
Land market value
$1,744,600
Improvement market value
$1,224,500
Total market value
$2,969,100
Applied tax rate
200.0000
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
For Lease
Year built
2011
Heating
SPACE
Stories
1
Units
1
Total area
58,700 SF
Lot
15.66 ac (682,150 SF)
Zoning code
M2
APN
02-091488
UPID
US40-1712109
Jurisdiction
HARFORD
Zoning & alternative use
M2 · Aberdeen, MD
Zoning M2 · permitted uses
M2 · Aberdeen, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aberdeen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.9M
RETAIL STORES
Est. value
$7.9M
RESTAURANT
Est. value
$7.0M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2011
Heating
SPACE
Stories
1
Units
1
Lot
15.66 ac
Current owner
From public records · entity-resolved
Atapco Hickory Ridge LLC
Entity
Mailing address
1 SS ST STE #2800, BALTIMORE, MD 21202-3335
Ownership since
2023
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
Oct 6, 2023
$7,125,000
Atapco Hickory Ridge LLC
Hickory Ridge Center LLC
Special Warranty Deed
$7,125,000 · Atapco Properties Funding LLC
Jun 2, 2015
$6,900
Department Of Transportation
Hickory Ridge Center I LLC
Grant Deed
—
Jun 9, 2009
$2,000,000
Hickory Ridge Center I LLC
Hickory Ridge Investments LLC
Grant Deed
related
—
Jun 30, 2008
—
Ridge Lot 4 Aberdeen L Hickory
Shannon,jimmy D
Grant Deed
related
—
Apr 1, 2008
$50,000
Jimmy D Shannon
Hickory Ridge Investments LLC
Grant Deed
—
Jan 17, 2003
$418,000
Hickory Ridge Investments LLC
Hickory Ridge
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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