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Property profile & analytics
OFF-MARKET
Estimated value
$4,365,000
Industrial properties
1116 Middle Riv Rd Middle River, MD 21220-2412
Entity Owned
~
Est. High Equity
Property ID
US40-1267044
Property summary
AI-generated overview
This exceptional flex space at 1116 Middle River Rd, Middle River, MD 21220 offers 80,000 square feet of versatile office, industrial, and special-purpose space in a meticulously maintained building. The property, built in 2003 and renovated in 2020, sits on 16 acres and features two suites within a single, two-story building. Multiple tenancy options are available, with spaces ranging from a minimum of 9,387 square feet to a maximum contiguous space of 31,387 square feet
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2003
Total area
75,960 SF
Lot
15.71 ac (684,328 SF)
Zoning code
MLIM
APN
15-2400002615
UPID
US40-1267044
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
by Request
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$4.37M
Owner & transaction history
Nechay Realty Invs LLC
Nechay Realty Invs LLC
3 recorded transactions
Zoning & alternative use
MLIM · Middle River, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middle River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middle River 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
Blend value · Realmo final
$4.37M
Range $3.93M – $4.80M · ±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
$57 / 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
$45,344
Tax year 2023
Assessed value
$7,276,400
Assessed 2023
Previous assessed
$7,276,400
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$2,653,500
Assessed improvement
$4,622,900
Land market value
$2,653,500
Improvement market value
$4,622,900
Total market value
$7,276,400
Applied tax rate
15.0000
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
Off-Market
Year built
2003
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
75,960 SF
Lot
15.71 ac (684,328 SF)
Zoning code
MLIM
APN
15-2400002615
UPID
US40-1267044
Jurisdiction
BALTIMORE
Zoning & alternative use
MLIM · Middle River, MD
Zoning MLIM · permitted uses
MLIM · Middle River, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middle River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
15.71 ac
Current owner
From public records · entity-resolved
Nechay Realty Invs LLC
Entity
Mailing address
PO BOX 70019, BALTIMORE, MD 21237-6019
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Nechay Realty Invs LLC
—
Deed Of Trust
related
$5,100,000 · Farmers & Merchants Nat'l Bk
—
—
Nechay Realty Investments LLC
—
Deed Of Trust
related
$3,300,000 · Suntrust Bank NA
—
—
Nechay Realty Investments LLC
—
Deed Of Trust
related
$6,000,000 · Cibc INC
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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