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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Industrial properties
124 Greenmount Rd, Rising Sun, MD 21911-1958
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1344996
Property summary
AI-generated overview
This exceptional commercial property at 124 Greenmount Road in Rising Sun, Maryland, offers two warehouse buildings totaling 23,500 square feet. Currently, both buildings are vacant, with one immediately available and the other ready for occupancy by the end of December 2024. Each building offers a minimum of 10,500 square feet and a maximum contiguous space of 13,000 square feet, allowing for flexibility in tenant needs. The property is zoned BG - Business General and features convenient access to Route 1, placing it strategically near the Maryland/Pennsylvania state line, providing easy access to Harford County, Maryland, Pennsylvania, and Delaware. The property sits on a 2.75-acre lot and includes one dock-high door and three drive-in doors. The buildings are classified as Class C and are suitable for various industrial or retail uses. The property is conveniently located in Cecil County, Maryland, with the address 124 Greenmount Rd, Rising Sun, MD 21911. The buildings can be leased individually or together, presenting a unique opportunity for businesses seeking versatile warehouse space in a prime location. The APN is 0806043771.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2002
Construction
BRICK
Total area
8,400 SF
Lot
7.97 ac (347,173 SF)
Zoning code
BG
APN
06-043771
UPID
US40-1344996
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
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.32M
Owner & transaction history
Rising Sun Mini Storage LLC · 6 yrs held
Rising Sun Mini Storage LLC
since 2020
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
BG · Rising Sun, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+12.9%
Commercial (general)
$1.1M
+1.5%
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 Rising Sun submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rising Sun 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
$1,350,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,115,000
Current use
OFFICE BUILDING
$1,260,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,135,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: -11% · Conversion: Moderate
RESTAURANT
$905,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.30M (Feb 14 2020)
Last sale anchor
$1.30M
Feb 14 2020
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
$157 / 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
$14,803
Tax year 2023
Assessed value
$1,334,900
Assessed 2023
Previous assessed
$1,385,700
-3.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$448,400
Assessed improvement
$886,500
Land market value
$448,400
Improvement market value
$886,500
Total market value
$1,334,900
Applied tax rate
6.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
BRICK
Heating
RADIANT
Buildings
2
Stories
1
Units
2
Total area
8,400 SF
Lot
7.97 ac (347,173 SF)
Zoning code
BG
APN
06-043771
UPID
US40-1344996
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BG · Rising Sun, MD
Zoning BG · permitted uses
BG · Rising Sun, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rising Sun. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
RESTAURANT
Est. value
$905,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
2002
Construction
BRICK
Heating
RADIANT
Stories
1
Buildings
2
Units
2
Lot
7.97 ac
Current owner
From public records · entity-resolved
Rising Sun Mini Storage LLC
Entity
Mailing address
316 E MAIN ST, RISING SUN, MD 21911-1999
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2020
$1,300,000
Rising Sun Mini Storage LLC
Sylmar One LLC
Deed
$2,000,000 · Atlantic Union Bank
Aug 10, 2018
—
Ccp Outdoor LLC
—
Grant Deed
related
$6,500,000 · Legacy Bk/tx
Oct 26, 2011
$478,434
Sylmar One LLC
Montgomery,jewelyne
Grant Deed
$1,250,000 · Cecil Fsb
Dec 26, 2001
$287,590
Sylmar One LLC
Montgomery,harold & Jewelyne
Grant Deed
$500,000 · National Bank Of Rising Sun
—
—
Sylmar One LLC
—
Deed Of Trust
related
$77,000 · Ruth A Rickert
—
—
Sylmar One LLC
—
Deed Of Trust
related
$880,000 · Nbrs Financial
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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