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Property profile & analytics
OFF-MARKET
Estimated value
$33,560,000
Warehouses
12120 Pierce Rd, Waldorf, MD 20601-2706
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-2390891
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
132,745 SF
Lot
2.59 ac (112,603 SF)
Zoning code
CC
APN
06-035426
UPID
US40-2390891
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.45M
Comparable Approach
Comparable
$30.78M
Blend (final)
Blend
$33.56M
Owner & transaction history
Ps Atlantic Coast 2021 B LLC · 5 yrs held
Ps Atlantic Coast 2021 B LLC
since 2021
Last sale
$38.8M
5 recorded transactions
Zoning & alternative use
CC · Waldorf, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$40.1M
+16.8%
Restaurant
$37.3M
+8.6%
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 Waldorf submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldorf 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
$40,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,485,000
6.5%
$24,445,000
7%
$22,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$34,325,000
Current use
OFFICE BUILDING
$40,080,000
Change: +17% · Conversion: Difficult
RESTAURANT
$37,275,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$32,800,000
Change: -4% · Conversion: Easy
RETAIL STORES
$28,895,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$33.56M
Range $30.20M – $36.92M · ±10% · vs last sale $38.76M (May 4 2021)
Last sale anchor
$38.76M
May 4 2021
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
$253 / 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
$196,098
Tax year 2023
Assessed value
$14,867,067
Assessed 2023
Previous assessed
$14,867,067
+0.0% YoY
Effective rate
1.32%
On assessed value
Land market value
$913,400
Improvement market value
$16,559,700
Total market value
$17,473,100
Applied tax rate
6.0000
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
5
Units
878
Total area
132,745 SF
Lot
2.59 ac (112,603 SF)
Zoning code
CC
APN
06-035426
UPID
US40-2390891
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CC · Waldorf, MD
Zoning CC · permitted uses
CC · Waldorf, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waldorf. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$34.3M
OFFICE BUILDING
Est. value
$40.1M
RESTAURANT
Est. value
$37.3M
INDUSTRIAL (GENERAL)
Est. value
$32.8M
RETAIL STORES
Est. value
$28.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Units
878
Lot
2.59 ac
Current owner
From public records · entity-resolved
Ps Atlantic Coast 2021 B LLC
Entity
Free & Clear · 5 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$38,755,557
Ps Atlantic Coast 2021 B LLC
Waldorf Land Lllp
Special Warranty Deed
—
Aug 14, 2006
$860,000
Waldorf Land Lllp
Waldorf Shopping Mall INC
Grant Deed
$8,000,000 · Mercantile-safe Deposit & Trus
—
—
Waldorf Land Lllp
—
Loan Modification
related
$45,500,000 · Pnc Bank
—
—
Waldorf Land Lllp
—
Deed Of Trust
related
$850,000 · Pnc Bank
—
—
Waldorf Land Lllp
—
Deed Of Trust
related
$8,000,000 · Pnc 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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