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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
111 Chesapeake Bch Rd Owings, MD 20736-3535
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0058960
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Total area
3,528 SF
Lot
0.38 ac (16,552 SF)
Zoning code
TC
APN
03-012875
UPID
US40-0058960
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
-
Kelly Niland, Home Towne Real Estate Real Estate Agency
-
Theresa Mills , Realtor Starfish Properties LLC Real Estate Agency
-
Becky King, Home Towne Real Estate Real Estate Agency
-
STURNER REAL ESTATE LLC, Sherri Turner Real Estate Agency
-
Pam Turley-Lucido. Home Towne Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$605k
Owner & transaction history
Jamie Canter · 3 yrs held
Jamie Canter
since 2022
5 recorded transactions
Zoning & alternative use
TC · Owings, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$970,000
+22.8%
Commercial (general)
$870,000
+10.0%
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 Owings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owings 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
OFFICE BUILDING
$790,000
Current use
WAREHOUSE, STORAGE
$970,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$870,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$171 / 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
$4,751
Tax year 2023
Assessed value
$457,267
Assessed 2023
Previous assessed
$449,200
+1.8% YoY
Effective rate
1.04%
On assessed value
Land market value
$185,100
Improvement market value
$288,300
Total market value
$473,400
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
3,528 SF
Lot
0.38 ac (16,552 SF)
Zoning code
TC
APN
03-012875
UPID
US40-0058960
Jurisdiction
CALVERT
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
TC · Owings, MDZoning TC · permitted uses
TC · Owings, 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
OFFICE BUILDING Current
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$870,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1946
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Jamie Canter
Individual
Mailing address
317 OVERLOOK DR, PRINCE FREDERICK, MD 20678-3036
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 23, 2022
$480,000
Jamie Canter
Karen J Towne
Land Contract
$432,000 · Not Available
Dec 13, 2005
$174,848
Karen J Towne
Towne,karen J
Grant Deed
related
—
Dec 6, 2005
—
Karen J Towne
Towne,bradford B & Karen J
Quit Claim Deed
related
—
Sep 11, 2003
$380,000
Karen J Towne
Cleary,richard A
Grant Deed
$385,000 · Calvert Bank & Trust Co
—
—
Karen J Towne
—
Deed Of Trust
related
$345,000 · Pnc 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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