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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
1220 Sonny Schulz Blvd Stevensville, MD 21666-3748
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0671741
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Total area
2,992 SF
Lot
7.1 ac (309,320 SF)
Zoning code
SI
APN
04-069803
UPID
US40-0671741
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
-
Dogwood Acres Pet Retreat Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
$345k
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$505k
Owner & transaction history
Reichardt Kent Island LLC · 7 yrs held
Reichardt Kent Island LLC
since 2018
7 recorded transactions
Zoning & alternative use
SI · Stevensville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Stevensville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stevensville 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
$320,000
CAP Approach
CAP Return
Estimation
6%
$375,000
6.5%
$345,000
7%
$320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
COMMERCIAL (GENERAL)
$590,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$169 / 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
$13,643
Tax year 2023
Assessed value
$1,448,300
Assessed 2023
Previous assessed
$1,448,300
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$351,000
Assessed improvement
$1,097,300
Land market value
$351,000
Improvement market value
$1,097,300
Total market value
$1,448,300
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,992 SF
Lot
7.1 ac (309,320 SF)
Zoning code
SI
APN
04-069803
UPID
US40-0671741
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
SI · Stevensville, MDZoning SI · permitted uses
SI · Stevensville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$590,000
OFFICE BUILDING Current
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
2020
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
7.1 ac
Current owner
From public records · entity-resolved
Reichardt Kent Island LLC
Entity
Free & Clear · 7 yrs held
Mailing address
439 W CENTRAL AVE, DAVIDSONVILLE, MD 21035-2027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Feb 24, 2021
—
Reichardt Kent Island LLC
—
Deed
related
$1,740,000 · Business Finance Capital
Jan 9, 2019
—
Reichardt Kent Island LLC
—
Deed
related
$2,115,000 · Virginia Partners Bank
Jan 3, 2019
—
Reichardt Kent Island LLC
—
Deed
related
$1,692,000 · Virginia Ptrs Bk
Nov 7, 2018
$275,000
Reichardt Kent Island LLC
County Commissioner Of Queen A
Grant Deed
—
Sep 13, 2018
—
County Commissioners Of Queen
State Of Md
Quit Claim Deed
related
—
Nov 30, 2010
$350,000
Miltec Uv LLC
County Commissioners Of Queen Ann
Grant Deed
$175,000 · Bank Of America
—
—
Reichardt Kent Island LLC
—
Deed Of Trust
related
$1,692,000 · Virginia Ptrs Bk
—
—
Reichardt Kent Island LLC
—
Deed Of Trust
related
$2,114,900 · Virginia Ptrs Bk
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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