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Property profile & analytics
OFF-MARKET
Estimated value
$6,020,000
Manufacturing properties
1200 Independence Way, Westminster, MD 21157-3077
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0515169
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Construction
BRICK
Total area
83,788 SF
Lot
6.45 ac (280,788 SF)
Zoning code
PLANN
APN
07-131437
UPID
US40-0515169
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
-
Carlisle Etcetera Distribution Center Clothing Supplier Clothing Store
-
Legion Addiction Treatment Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.02M
CAP Approach
CAP
$7.41M
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$6.02M
Owner & transaction history
Skyline Independence LLC · 4 yrs held
Skyline Independence LLC
since 2022
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
PLANN · Westminster, 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 Westminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westminster 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
$4,830,000
ML approach
$5,020,000
CAP Approach
CAP Return
Estimation
6%
$8,020,000
6.5%
$7,405,000
7%
$6,875,000
Blend value · Realmo final
$6.02M
Range $5.42M – $6.62M · ±10% · vs last sale $6.20M (May 11 2022)
Last sale anchor
$6.20M
May 11 2022
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
$72 / 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
$52,845
Tax year 2023
Assessed value
$3,126,900
Assessed 2023
Previous assessed
$3,107,233
+0.6% YoY
Effective rate
1.69%
On assessed value
Assessed land
$994,700
Assessed improvement
$2,132,200
Land market value
$994,700
Improvement market value
$2,132,200
Total market value
$3,126,900
Applied tax rate
71.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
83,788 SF
Lot
6.45 ac (280,788 SF)
Zoning code
PLANN
APN
07-131437
UPID
US40-0515169
Jurisdiction
CARROLL
Zoning & alternative use
PLANN · Westminster, MD
Zoning PLANN · permitted uses
PLANN · Westminster, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westminster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
6.45 ac
Current owner
From public records · entity-resolved
Skyline Independence LLC
Entity
Mailing address
11 OLD CT RD STE 1A, PIKESVILLE, MD 21208-4015
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Skyline Independence LLC
—
Deed
related
$7,332,500 · Acnb Bank
Feb 10, 2023
—
Skyline Independence LLC
—
Deed
related
$5,900,000 · Farmers & Merchants Bank
May 11, 2022
$6,200,000
Skyline Independence LLC
Carlisle Etcetera LLC
Deed
$4,575,000 · Emg Transfer Agent LLC
Aug 16, 2019
—
Carlisle Etcetera LLC
—
Deed
related
$3,725,000 · Second Ave Cap Ptrs LLC
Jan 5, 2017
—
Carlisle Etcetera LLC
—
Deed
related
$2,279,900 · Hsbc Bk USA NA
Sep 4, 2014
$225,225
Dev Auth Industrial
Carlisle Etcetera LLC
Grant Deed
—
Nov 7, 2013
$2,500,000
Carlisle Etcetera LLC
Mi Dev America INC
Grant Deed
$2,500,000 · Tom James Co
Jun 28, 2013
—
Mi Devs America INC
Mi Devs America INC
Quit Claim Deed
—
Jun 29, 2009
—
Industrial Dev Authority Of Carro
Mid Realty Holdings LLC
Grant Deed
related
—
Aug 12, 1998
$3,563,360
Cosma Realty Holdings LLC
Marada Industries INC
Grant Deed
related
—
—
—
Carlisle Etcetera LLC
—
Deed Of Trust
related
$3,725,000 · Second Ave Cap Ptrs LLC
—
—
Carlisle Etcetera LLC
—
Loan Modification
related
$2,279,900 · Hsbc Bk USA NA
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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