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Property profile & analytics
OFF-MARKET
Estimated value
$41,330,000
Distribution centers
12000 Mexico Farms SE Rd, Cumberland, MD 21502-6622
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1778312
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Total area
192,770 SF
Lot
43.84 ac (1,909,670 SF)
APN
16-018252
UPID
US40-1778312
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
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.11M
Comparable Approach
Comparable
$26.35M
Blend (final)
Blend
$41.33M
Owner & transaction history
Exchangeright Net Leased Portfolio · 3 yrs held
Exchangeright Net Leased Portfolio
since 2023
Last sale
$43.2M
6 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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
$38,895,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,455,000
6.5%
$40,110,000
7%
$37,245,000
Blend value · Realmo final
$41.33M
Range $37.20M – $45.46M · ±10% · vs last sale $43.16M (Apr 3 2023)
Last sale anchor
$43.16M
Apr 3 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
$214 / 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
$358,458
Tax year 2023
Assessed value
$32,976,800
Assessed 2023
Previous assessed
$1,337,833
+2,364.9% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,693,100
Assessed improvement
$31,283,700
Land market value
$1,693,100
Improvement market value
$31,283,700
Total market value
$32,976,800
Applied tax rate
16.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Heating
RADIANT
Stories
1
Units
1
Total area
192,770 SF
Lot
43.84 ac (1,909,670 SF)
APN
16-018252
UPID
US40-1778312
Jurisdiction
ALLEGANY
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
2022
Heating
RADIANT
Stories
1
Units
1
Lot
43.84 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$43,159,462
Exchangeright Net Leased Portfolio
Jdmd Bundle LLC
Special Warranty Deed
$48,500,000 · Citi Real Estate Funding INC
Dec 30, 2021
—
Jdmd Bundle LLC
—
Deed
related
$31,921,000 · Security Bank Of Kansas City
Dec 8, 2021
$1,386,800
Jdmd Bundle LLC
Carl Belt Incorporated
Special Warranty Deed
—
Nov 5, 2021
—
Carl Belt Incorporated
Carl Belt Incorporated
Intrafamily Transfer
related
—
Sep 16, 2011
$100,000
Carl Belt INC
Boy Scouts Of America INC
Grant Deed
$65,000 · Boy Scouts Of America
Jul 23, 2010
—
Taschenberg S E Rev Trust
Taschenberg S E Rev Trust
Quit Claim Deed
related
—
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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