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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Warehouses
1307 Business Ctr Way, Edgewood, MD 21040-1501
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0793080
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
BRICK
Total area
9,523 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C1
APN
01-279610
UPID
US40-0793080
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
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.81M
Owner & transaction history
Rowhitt Edgewood LLC · 3 yrs held
Rowhitt Edgewood LLC
since 2022
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
C1 · Edgewood, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+76.1%
Retail stores
$2.4M
+40.5%
Commercial (general)
$2.2M
+29.1%
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 Edgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewood 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
$1,830,000
ML approach
$1,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,690,000
Current use
AUTO REPAIR, GARAGE
$2,975,000
Change: +76% · Conversion: Easy
RETAIL STORES
$2,375,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,180,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,925,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.78M (Jul 25 2022)
Last sale anchor
$1.78M
Jul 25 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
$190 / 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
$16,811
Tax year 2022
Assessed value
$1,542,400
Assessed 2023
Previous assessed
$1,542,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$574,900
Assessed improvement
$967,500
Land market value
$574,900
Improvement market value
$967,500
Total market value
$1,542,400
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
Off-Market
Year built
1998
Construction
BRICK
Heating
SPACE
Cooling
YES
Stories
1
Units
2
Total area
9,523 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C1
APN
01-279610
UPID
US40-0793080
Jurisdiction
HARFORD
Zoning & alternative use
C1 · Edgewood, MD
Zoning C1 · permitted uses
C1 · Edgewood, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
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
1998
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
Rowhitt Edgewood LLC
Entity
Free & Clear · 3 yrs held
Mailing address
807 ROCKVILLE PIKE, ROCKVILLE, MD 20852-1252
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
$1,784,002
Rowhitt Edgewood LLC
Thompson Clayton 7 Limited Partners
Special Warranty Deed
—
Apr 3, 2018
—
Thompson Clayton Clayton 7
—
Deed
related
$1,010,000 · M & T Bank
Jun 17, 2013
$1,600,000
Thomas Clayton 7 Limited Partnershi
5m Properties LLC
Deed
—
—
—
5m Properties LLC
—
Deed Of Trust
related
$500,000 · Provident Bank Maryland
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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