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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Warehouses
1209 Old Dorsey Rd, Harmans, MD 21077-1501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0773893
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
BRICK
Total area
31,620 SF
Lot
1.6 ac (69,696 SF)
Zoning code
W2
APN
05-000-05508000
UPID
US40-0773893
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
$3.21M
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$3.32M
Owner & transaction history
Dorsey Dogs LLC · 4 yrs held
Dorsey Dogs LLC
since 2022
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
W2 · Harmans, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.2M
+8.4%
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 Harmans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harmans 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
$3,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,470,000
6.5%
$3,205,000
7%
$2,975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,810,000
Current use
COMMERCIAL (GENERAL)
$5,215,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$4,595,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$4,405,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.40M (May 3 2022)
Last sale anchor
$3.40M
May 3 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
$105 / 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
$23,336
Tax year 2023
Assessed value
$2,137,033
Assessed 2023
Previous assessed
$1,774,600
+20.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$448,000
Improvement market value
$2,413,900
Total market value
$2,861,900
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1973
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
31,620 SF
Lot
1.6 ac (69,696 SF)
Zoning code
W2
APN
05-000-05508000
UPID
US40-0773893
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Harmans, MD
Zoning W2 · permitted uses
W2 · Harmans, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harmans. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1973
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Dorsey Dogs LLC
Entity
Mailing address
1209 OLD DORSEY RD, HARMANS, MD 21077-1501
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
—
Dorsey Dogs LLC
—
Deed
related
$1,399,000 · Business Finance Group INC
May 3, 2022
$3,400,000
Dorsey Dogs LLC
Sand Trap LLC
Deed
$1,700,000 · First Citizens Bank & Trust Co
Oct 19, 1998
$975,000
Sand Trap LLC
Irvine & Irvine Joint Venture
Grant Deed
$828,750 · Citizens National Bank
—
—
Sand Trap LLC
—
Deed Of Trust
related
$233,000 · Revere Bk
—
—
Sand Trap LLC
—
Deed Of Trust
related
$415,000 · Oba Fsb
—
—
Stanley L Merson
—
Deed Of Trust
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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