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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Specialty properties
1116 Turkey Pt Rd Edgewater, MD 21037-4101
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US40-0932032
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Construction
BRICK
Total area
4,854 SF
Lot
2.61 ac (113,692 SF)
Zoning code
MA3
APN
01-000-07236500
UPID
US40-0932032
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
-
Selby Bay Yacht Club Yacht Club
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$615k
Owner & transaction history
Selby Bay Yacht Club Property · 10 yrs held
Selby Bay Yacht Club Property
since 2015
4 recorded transactions
Zoning & alternative use
MA3 · Edgewater, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+75.7%
Warehouse, storage
$825,000
+57.4%
Medical building
$665,000
+27.2%
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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$525,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +76% · Conversion: Difficult
WAREHOUSE, STORAGE
$825,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$127 / 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
$20,072
Tax year 2023
Assessed value
$1,838,100
Assessed 2023
Previous assessed
$1,802,300
+2.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,112,700
Assessed improvement
$725,400
Land market value
$1,112,700
Improvement market value
$725,400
Total market value
$1,838,100
Applied tax rate
1.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
70
Total area
4,854 SF
Lot
2.61 ac (113,692 SF)
Zoning code
MA3
APN
01-000-07236500
UPID
US40-0932032
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MA3 · Edgewater, MDZoning MA3 · permitted uses
MA3 · Edgewater, 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$825,000
MEDICAL BUILDING
Est. value
$665,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
70
Lot
2.61 ac
Current owner
From public records · entity-resolved
Selby Bay Yacht Club Property
Entity
Mailing address
1116 TURKEY PT RD, EDGEWATER, MD 21037-4101
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2015
—
Selby Bay Yacht Club Property
Selby Bay Yacht Club Property
Quit Claim Deed
related
—
—
—
Selby Yacht Club Property Corp
—
Deed Of Trust
related
$550,000 · Bankannapolis
—
—
Bay Yacht Club Property Selby
—
Deed Of Trust
related
$476,000 · Bankannapolis
—
—
Selby Bay Yacht Club Property Co
—
Deed Of Trust
related
$60,277 · Bankannapolis
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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