Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,600,000
Warehouses
121 Mtn Rd Pasadena, MD 21122-1009
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-2071597
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2011
Total area
17,530 SF
Lot
3.46 ac (150,718 SF)
Zoning code
C4
APN
03-000-30115715
UPID
US40-2071597
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
$9.65M
Blend (final)
Blend
$7.60M
Owner & transaction history
Extra Space Of Pasadena LLC · 18 yrs held
Extra Space Of Pasadena LLC
since 2008
7 recorded transactions
Zoning & alternative use
C4 · Pasadena, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+50.2%
Restaurant
$8.5M
+45.7%
Auto repair, garage
$7.5M
+27.6%
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
$5,845,000
Current use
OFFICE BUILDING
$8,780,000
Change: +50% · Conversion: Difficult
RESTAURANT
$8,515,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,455,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,345,000
Change: +26% · Conversion: Easy
RETAIL STORES
$7,265,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$6,420,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,370,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$7.60M
Range $6.84M – $8.36M · ±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
$434 / 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
$149,097
Tax year 2023
Assessed value
$13,653,567
Assessed 2023
Previous assessed
$10,862,733
+25.7% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,470,600
Improvement market value
$14,973,800
Total market value
$16,444,400
Applied tax rate
3.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
3
Stories
1
Units
3
Bathrooms
1
Total area
17,530 SF
Lot
3.46 ac (150,718 SF)
Zoning code
C4
APN
03-000-30115715
UPID
US40-2071597
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Pasadena, MD
Zoning C4 · permitted uses
C4 · Pasadena, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
OFFICE BUILDING
Est. value
$8.8M
RESTAURANT
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
RETAIL STORES
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2011
Heating
NONE
Stories
1
Buildings
3
Units
3
Bathrooms
1
Lot
3.46 ac
Current owner
From public records · entity-resolved
Extra Space Of Pasadena LLC
Entity
Free & Clear · 18 yrs held
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2008
$3,500,000
Extra Space Of Pasadena LLC
Lipins Corner LLC
Grant Deed
—
May 29, 2003
—
Lipins Corner
Loane,frank W
Grant Deed
related
—
Oct 6, 1997
—
Frank W Loane
Third Crew Properties INC
Grant Deed
$340,000 · County National Bank
Oct 6, 1997
$240,000
Loane Frank William SR.
3rd Cew Properti
Grant Deed
$340,000
—
—
Lipins Corner LLC
—
Deed Of Trust
related
$1,500,000 · County National Bank
—
—
Frank W Loane
—
Deed Of Trust
related
$48,000 · County National Bank
—
—
Extra Space Of Pasadena LLC
—
Deed Of Trust
related
$75,000,000 · Wells Fargo Bank
—
—
Frank W Loane
—
Deed Of Trust
related
$110,200 · County National Bank
—
—
Lipins Corner LLC
—
Deed Of Trust
related
$453,245 · Joseph J & John W Mcclean
—
—
Lipins Corner LLC
—
Deed Of Trust
related
$453,245 · Patapsco Bank
—
—
Lipins Corner LLC
—
Deed Of Trust
related
$100,000 · Patapsco Bank
—
—
Frankw Loane
—
Deed Of Trust
related
$70,000 · Sandy Spring Bank
—
—
Lipins Corner LLC
—
Deed Of Trust
related
$655,000 · County National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 121 Mtn Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
