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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial real estate
123 Washington St, Havre De Grace, MD 21078-3113
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1867246
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1924
Total area
3,383 SF
Lot
0.21 ac (9,060 SF)
Zoning code
RB
APN
06-028055
UPID
US40-1867246
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
-
Zellman Funeral Home, P.A. Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$545k
Owner & transaction history
123 Washington Street LLC · 2 yrs held
123 Washington Street LLC
since 2024
7 recorded transactions
Zoning & alternative use
RB · Havre De Grace, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+8.8%
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 Havre De Grace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Havre De Grace 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%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$775,000
Current use
RETAIL STORES
$845,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$685,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$161 / 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
$2,202
Tax year 2022
Assessed value
$239,400
Assessed 2024
Previous assessed
$234,000
+2.3% YoY
Effective rate
0.92%
On assessed value
Assessed land
$53,000
Assessed improvement
$186,400
Land market value
$53,000
Improvement market value
$186,400
Total market value
$239,400
Applied tax rate
600.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1924
Heating
RADIANT
Stories
2
Units
1
Bathrooms
3
Total area
3,383 SF
Lot
0.21 ac (9,060 SF)
Zoning code
RB
APN
06-028055
UPID
US40-1867246
Jurisdiction
HARFORD
Zoning & alternative use
RB · Havre De Grace, MD
Zoning RB · permitted uses
RB · Havre De Grace, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Havre De Grace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$775,000
RETAIL STORES
Est. value
$845,000
OFFICE BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1924
Heating
RADIANT
Stories
2
Units
1
Bathrooms
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
123 Washington Street LLC
Entity
Mailing address
157 HILLSIDE TER, STATEN ISLAND, NY 10308-2819
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
—
Nicola Niceforo
—
Deed
related
$80,000 · Artisans Bank
May 29, 2024
—
123 Washington Street LLC
Nicola Niceforo
Deed
—
May 21, 2024
—
Nicola Niceforo
—
Deed
related
$40,000 · Artisans Bank
Nov 6, 2023
—
Nicola Niceforo
Nicola Niceforo
Intrafamily Transfer
related
—
Aug 25, 2023
$675,000
Nicola Niceforo
123 S Washington St LLC
Deed
$708,750 · Artisans Bank
Jun 5, 2023
—
Wasgington St LLC
—
Deed
related
$272,817 · Harord Bank
Mar 1, 2007
$500,000
123 S Washington St LLC
Mitchell-smith Funeral Home Pa
Grant Deed
$510,000 · Mercantile County 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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