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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
12041 Old National Pike, New Market, MD 21774
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-0778417
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
BRICK
Total area
6,000 SF
Lot
5.96 ac (259,618 SF)
Zoning code
LI
APN
09-317333
UPID
US40-0778417
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$710k
Owner & transaction history
12041 New Market Corp · 22 yrs held
12041 New Market Corp
since 2003
7 recorded transactions
Zoning & alternative use
LI · New Market, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$950,000
+19.3%
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 New Market submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Market 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$795,000
Current use
AUTO REPAIR, GARAGE
$950,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$118 / 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
$11,229
Tax year 2023
Assessed value
$921,000
Assessed 2023
Previous assessed
$873,900
+5.4% YoY
Effective rate
1.22%
On assessed value
Land market value
$476,800
Improvement market value
$491,300
Total market value
$968,100
Applied tax rate
9.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,000 SF
Lot
5.96 ac (259,618 SF)
Zoning code
LI
APN
09-317333
UPID
US40-0778417
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
LI · New Market, MD
Zoning LI · permitted uses
LI · New Market, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Market. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$950,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
Year built
2003
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5.96 ac
Current owner
From public records · entity-resolved
12041 New Market Corp
Entity
Mailing address
28008 KEMPTOWN CHURCH RD, DAMASCUS, MD 20872-1567
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2003
$274,600
12041 New Market Corp
Deeley,jonathan
Grant Deed
$400,000 · Damascus Community Bank
Jul 19, 2002
$135,000
Johnathan Deeley
Turnpike Farm LP
Grant Deed
$35,000 · Turnpike Farm LP
—
—
12041 New Market Corp INC
—
Deed Of Trust
related
$750,000 · Damascus Community Bank
—
—
12041 New Market Corp INC
—
Deed Of Trust
related
$300,000 · Damascus Community Bank
—
—
12041 New Market Corp INC
—
Deed Of Trust
related
$650,000 · Damascus Community Bank
—
—
New Market Corp INC
—
Deed Of Trust
related
$150,000 · Damascus Community Bank
—
—
12041 New Market Corp INC
—
Deed Of Trust
related
$200,000 · Damascus Community Bank
—
—
12041 New Market Corp INC
—
Deed Of Trust
related
$500,000 · Damascus Community Bank
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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