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Property profile & analytics
OFF-MARKET
Estimated value
$87,925,000
Warehouses
1225 Philadelphia Blvd, Aberdeen, MD 21001-3913
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1708346
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
860,000 SF
Lot
97.7 ac (4,255,812 SF)
Zoning code
CI GI
APN
02-074109
UPID
US40-1708346
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
$97.68M
Comparable Approach
Comparable
$97.53M
Blend (final)
Blend
$87.93M
Owner & transaction history
Mcb Tower Logistics LLC · 3 yrs held
Mcb Tower Logistics LLC
since 2023
Last sale
$80.8M
7 recorded transactions
Zoning & alternative use
CI GI · Aberdeen, 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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
$82,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$105,810,000
6.5%
$97,675,000
7%
$90,695,000
Blend value · Realmo final
$87.93M
Range $79.13M – $96.72M · ±10% · vs last sale $80.78M (Jun 1 2023)
Last sale anchor
$80.78M
Jun 1 2023
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
$102 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$183,604
Tax year 2022
Assessed value
$43,743,400
Assessed 2023
Previous assessed
$43,743,400
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$10,604,000
Assessed improvement
$33,139,400
Land market value
$10,604,000
Improvement market value
$33,139,400
Total market value
$43,743,400
Applied tax rate
2.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
860,000 SF
Lot
97.7 ac (4,255,812 SF)
Zoning code
CI GI
APN
02-074109
UPID
US40-1708346
Jurisdiction
HARFORD
Zoning & alternative use
CI GI · Aberdeen, MD
Zoning CI GI · permitted uses
CI GI · Aberdeen, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aberdeen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
97.7 ac
Current owner
From public records · entity-resolved
Mcb Tower Logistics LLC
Entity
Mailing address
2002 CLIPPER PARK RD STE #105, BALTIMORE, MD 21211-1494
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$80,779,000
Mcb Tower Logistics LLC
Merritt Mmtl1 LLC
Special Warranty Deed
$40,389,500 · State Farm Mutual Automobile Ins Co
Jan 27, 2020
—
Harford Cnty Of Md
Merritt-mmtl1 LLC
Grant Deed
—
Dec 3, 2019
—
Merritt Mmtl1 LLC
—
Deed
related
$41,960,000 · Wells Fargo Bank NA
May 9, 2019
$13,045,000
Merritt-mmtli LLC
88 Acres LLC
Grant Deed
—
May 9, 2019
—
88 Acres LLC
88 Acres LLC
Quit Claim Deed
related
—
Oct 19, 2018
—
88 Acres LLC
88 Acres LLC
Quit Claim Deed
—
Sep 26, 2018
$3,470
Howard Properties LLC
88 Acres LLC
Grant Deed
—
Sep 26, 2018
$4,720
Robert W Wright SR.
88 Acres LLC
Grant Deed
—
Sep 26, 2018
—
Howard Properties LLC
88 Acres LLC
Grant Deed
related
—
Feb 10, 1999
$18,920
88 Acres LLC
Wright,jay F & Marion V
Grant Deed
—
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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