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Property profile & analytics
OFF-MARKET
Estimated value
$17,765,000
Office buildings
11761 Cordova Rd, Cordova, MD 21625-2603
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0902248
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1890
Construction
BRICK
Total area
1,690 SF
Lot
7.84 ac (341,510 SF)
APN
04-147316
UPID
US40-0902248
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
-
Mountaire Farms Grain Elevator -- Cordova Agricultural Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.77M
Owner & transaction history
Mountaire Farms Of Delaware INC · 2 yrs held
Mountaire Farms Of Delaware INC
since 2023
Last sale
$18.5M
4 recorded transactions
Zoning & alternative use
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 Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cordova 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
$24,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.77M
Range $15.99M – $19.54M · ±10% · vs last sale $18.51M (Dec 8 2023)
Last sale anchor
$18.51M
Dec 8 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
$10,512 / 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
$14,362
Tax year 2023
Assessed value
$1,679,000
Assessed 2023
Previous assessed
$1,679,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$198,100
Assessed improvement
$1,480,900
Land market value
$198,100
Improvement market value
$1,480,900
Total market value
$1,679,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1890
Construction
BRICK
Heating
HEAT PUMP
Buildings
4
Stories
2
Units
4
Total area
1,690 SF
Lot
7.84 ac (341,510 SF)
APN
04-147316
UPID
US40-0902248
Jurisdiction
TALBOT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1890
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Buildings
4
Units
4
Lot
7.84 ac
Current owner
From public records · entity-resolved
Mountaire Farms Of Delaware INC
Entity
Free & Clear · 2 yrs held
Mailing address
29292 JOHN J WILLIAMS HWY #24, MILLSBORO, DE 19966
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$18,508,000
Mountaire Farms Of Delaware INC
Nagel Farm Servicie II
Special Warranty Deed
—
Oct 19, 2023
—
Nagel Farm Service II LLC
—
Deed
related
—
Dec 29, 2008
—
Nagel Farm Service II LLC
Nagel,david B & Janice S
Quit Claim Deed
—
Dec 11, 2008
—
David B Nagel SR.
—
Deed Of Trust
related
$14,000,000 · First National Bank Maryland
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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