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Property profile & analytics
FOR LEASE
Warehouses
1305 Governors Ct, Abingdon, MD 21009
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1283692
For Lease
$6,635,000
1305 Governors Ct, Abingdon, MD 21009
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
BRICK
Total area
24,000 SF
Lot
4.11 ac (179,032 SF)
Zoning code
GI
APN
01-181882
UPID
US40-1283692
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
$6.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.77M
Blend (final)
Blend
$6.64M
Owner & transaction history
Mdh F2 Bal Governor Ct LLC · 4 yrs held
Mdh F2 Bal Governor Ct LLC
since 2022
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
GI · Abingdon, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.4M
+96.8%
Auto repair, garage
$7.5M
+76.1%
Retail stores
$6.0M
+40.5%
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 Abingdon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Abingdon 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
$6,665,000
ML approach
$6,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,260,000
Current use
RESTAURANT
$8,385,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,500,000
Change: +76% · Conversion: Easy
RETAIL STORES
$5,985,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,500,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$4,845,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$6.64M
Range $5.97M – $7.30M · ±10% · vs last sale $6.50M (Feb 1 2022)
Last sale anchor
$6.50M
Feb 1 2022
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
$276 / 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
$29,343
Tax year 2022
Assessed value
$2,692,300
Assessed 2023
Previous assessed
$2,692,300
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$452,100
Assessed improvement
$2,240,200
Land market value
$452,100
Improvement market value
$2,240,200
Total market value
$2,692,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1987
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
24,000 SF
Lot
4.11 ac (179,032 SF)
Zoning code
GI
APN
01-181882
UPID
US40-1283692
Jurisdiction
HARFORD
Zoning & alternative use
GI · Abingdon, MD
Zoning GI · permitted uses
GI · Abingdon, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Abingdon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
RESTAURANT
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.8M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1987
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
4.11 ac
Current owner
From public records · entity-resolved
Mdh F2 Bal Governor Ct LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 250509, ATLANTA, GA 30325-1509
Ownership since
2022
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
Feb 26, 2026
—
Mdh F2 Bal Governor Ct LLC
—
Deed
related
$128,000,000 · Acp III Mortgage LLC
Feb 1, 2022
$6,500,000
Mdh F2 Bal Governor Ct LLC
Gcp Governors Court LLC
Special Warranty Deed
—
Apr 2, 2019
—
Gcp Governors Court LLC
—
Deed
related
$2,400,000 · Webster Bk NA
Mar 18, 2016
$3,250,000
Gcp Governors Court LLC
Mitchell D A Living Trust
Grant Deed
$2,400,000 · Webster National Bank Webster National Bank
Dec 7, 2005
$568
Donald A Michel
Michel,antoinette M
Grant Deed
related
—
—
—
Gcp Governors Court LLC
—
Loan Modification
related
$2,400,000 · Webster Bk NA
—
—
Donald A Michel
—
Deed Of Trust
related
$1,655,000 · Harford Bank
—
—
Donald A Michel
—
Deed Of Trust
related
$250,000 · Harford Bank
—
—
Donald A Michel
—
Deed Of Trust
related
$148,000 · Harford Bank
—
—
Donald A Michel
—
Deed Of Trust
related
$1,500,000 · Harford 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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