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Property profile & analytics
OFF-MARKET
Estimated value
$5,720,000
Office buildings
123 Liberty St, Cumberland, MD 21502-3265
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-0637760
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,489 SF
Lot
1.46 ac (63,423 SF)
Zoning code
B-CBD
APN
04-049322
UPID
US40-0637760
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
-
District Court Commissioner Courthouse
-
Allegany County District Court Law Firm
-
Parole & Probation Department Probation Office
-
Court house Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.07M
Blend (final)
Blend
$5.72M
Owner & transaction history
Cumberland Md I Sgf LLC · 6 yrs held
Cumberland Md I Sgf LLC
since 2019
4 recorded transactions
Zoning & alternative use
B-CBD · Cumberland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+9.6%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
OFFICE BUILDING
$3,755,000
Current use
RETAIL STORES
$4,115,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,685,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$5.72M
Range $5.15M – $6.29M · ±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
$149 / 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
$84,471
Tax year 2023
Assessed value
$9,080,000
Assessed 2023
Previous assessed
$8,347,900
+8.8% YoY
Effective rate
0.93%
On assessed value
Assessed land
$507,300
Assessed improvement
$8,572,700
Land market value
$507,300
Improvement market value
$8,572,700
Total market value
$9,080,000
Applied tax rate
1.0000
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
38,489 SF
Lot
1.46 ac (63,423 SF)
Zoning code
B-CBD
APN
04-049322
UPID
US40-0637760
Jurisdiction
ALLEGANY
Zoning & alternative use
B-CBD · Cumberland, MD
Zoning B-CBD · permitted uses
B-CBD · Cumberland, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumberland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.8M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING Current
RETAIL STORES
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Cumberland Md I Sgf LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1 N WACKER DR STE #4025, CHICAGO, IL 60606-2844
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2019
$10,100,000
Cumberland Md I Sgf LLC
123 S Liberty Street LLC
Grant Deed
—
May 25, 2018
—
123 S Liberty St LLC
—
Deed
related
$7,200,000 · First Peoples Cmnty FCU
Apr 25, 2008
$2,180,000
123 South Liberty Street LLC
Verizon Maryland INC
Grant Deed
$7,315,000 · Pnc Bank
—
—
123 S Liberty St LLC
—
Deed Of Trust
related
$7,200,000 · First Peoples Cmnty FCU
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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