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Property profile & analytics
OFF-MARKET
Investment properties
12341 Neale Sound Dr Cobb Island, MD 20625
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US40-2346275
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1964
Total area
1,299 SF
Lot
0 ac (2 SF)
Zoning code
CV
APN
05-002826
UPID
US40-2346275
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joseph L Lawman · 19 yrs held
Joseph L Lawman
since 2007
5 recorded transactions
Zoning & alternative use
CV · Cobb Island, 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 Cobb Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cobb Island 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,252
Tax year 2023
Assessed value
$222,900
Assessed 2023
Previous assessed
$222,900
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$87,000
Assessed improvement
$135,900
Land market value
$87,000
Improvement market value
$135,900
Total market value
$222,900
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1964
Heating
ELECTRIC
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,299 SF
Lot
0 ac (2 SF)
Zoning code
CV
APN
05-002826
UPID
US40-2346275
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CV · Cobb Island, MD
Zoning CV · permitted uses
CV · Cobb Island, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cobb Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0 ac
Current owner
From public records · entity-resolved
Joseph L Lawman
Individual
Mailing address
12341 NEALE SOUND DR, COBB ISLAND, MD 20625
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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 17, 2007
$263,250
Joseph L Lawman
William A Lawman JR
Deed
related
$263,250 · C & F Mortgage Corp
Sep 6, 2002
$83,000
William A Lawman
Castle,james D & Joel D
Grant Deed
$81,700 · Columbia National INC
—
—
William A Lawman JR.
—
Deed Of Trust
related
$107,000 · County First Bank
—
—
Joseph L Lawman
—
Deed Of Trust
related
$269,825 · Quicken Loans INC
—
—
William A Lawman
—
Deed Of Trust
related
$40,000 · Manufacturers Traders & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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