Entity Owned Property summary
AI-generated overview
The property is a 1,050-square-foot contractor slip located in Bishopville Industrial Park. It is configured for use as a small warehouse or as a base of operations, and includes a 12-foot roll-up door and a restroom. The building layout allows for the addition of office space to meet specific requirements. The location provides access to nearby coastal areas, including the Maryland and Delaware beaches, Ocean Pines, Berlin, and Selbyville, as well as the broader Route 113 corridor area.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
BRICK
Total area
4,200 SF
Lot
2.92 ac (127,195 SF)
Zoning code
I-1
APN
05-010500
UPID
US40-1987422
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor
-
Kitchen & Bath Showroom Hardware & Home Improvement
-
Gym & Fitness Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$885k
Blend (final)
Blend
$750k
Owner & transaction history
since 2024
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
I-1 · Bishopville, MD
Top alternative use upside
Office building
$1.0M
+5.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$750k
Value range
$675k – $825k
±10% around blend
Estimated value / SF
$179 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$675k
blend $750k
$825k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,200 SF
Lot area
2.92 ac
Year built
2002
Stories
1
APN
05-010500
Zoning
I-1
Assessed value
$577,933
Annual tax
$4,989
3
Income approach: direct capitalization
Partial preview
Income approach indication
$585k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$635k
@ 6.5% CAP return
$585k
@ 7% CAP return
$545k
4
Sales comparison
Partial preview
Sales approach indication
$885k
Range $97k – $2.76M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$750k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 27 sales
$233
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $179/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+6%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.10%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.10%
9.0%
NOI (est.)
$53k *
Last sale · May 2024
$750k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.03M
Move the market yield to see immediate price impact.
Value / SF
$245
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.60%5.10%5.60%
$47k
$1.03M
$926k
$844k
$53k
$1.14M
$1.03M
$938k
$58k
$1.26M
$1.13M
$1.03M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,989
Tax year 2023
Assessed value
$577,933
Assessed 2024
Previous assessed
$577,933
+0.0% YoY
Effective rate
0.86%
On assessed value
Land market value
$72,900
Improvement market value
$561,700
Total market value
$634,600
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
BRICK
Heating
NONE
Buildings
4
Stories
1
Units
4
Total area
4,200 SF
Lot
2.92 ac (127,195 SF)
Zoning code
I-1
APN
05-010500
UPID
US40-1987422
Jurisdiction
WORCESTER
Zoning & alternative use
I-1 · Bishopville, MDZoning I-1 · permitted uses
I-1 · Bishopville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
BRICK
Heating
NONE
Stories
1
Buildings
4
Units
4
Lot
2.92 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-1
Jurisdiction
Bishopville, MD
Recorded code
I-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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