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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Grocery and convenience stores
13263 Greensboro Rd Greensboro, MD 21639-1121
Individually Owned
~
Est. High Equity
Property ID
US40-1446975
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1993
Construction
BRICK
Total area
11,166 SF
Lot
0.96 ac (41,625 SF)
Zoning code
HC
APN
02-021838
UPID
US40-1446975
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
-
Save A Lot Grocery & Convenience Store Food Market
-
Greensboro Grocery & Convenience Store Food Market
-
Family Pride Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.03M
Owner & transaction history
Frederick E Spence JR.
Frederick E Spence JR.
2 recorded transactions
Zoning & alternative use
HC · Greensboro, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ance, the following Zoning Districts and Uses are hereby established. General Use Districts R-l Low Density Residential Zone R-2 Medium Density Residential Zone R-3 High Density Residential Zone LC Light Commercial Zone HC Highway Commercial Zone Greensboro Land Development Ordinance (4.18.13) Amended through 8.8.18 69 CC Central Commercial Zone I-1 Light In…
Zone name
Highway Commercial
General category
INDUSTRIAL
Zone area
11.91 ac
Top alternative use upside
Commercial (general)
$1.5M
+19.0%
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 Greensboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greensboro 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,285,000
Current use
COMMERCIAL (GENERAL)
$1,525,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,090,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$92 / 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
$13,836
Tax year 2023
Assessed value
$798,867
Assessed 2023
Previous assessed
$798,333
+0.1% YoY
Effective rate
1.73%
On assessed value
Land market value
$260,100
Improvement market value
$539,300
Total market value
$799,400
Applied tax rate
30.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
11,166 SF
Lot
0.96 ac (41,625 SF)
Zoning code
HC
APN
02-021838
UPID
US40-1446975
Jurisdiction
CAROLINE
Zoning & alternative use
HC · Greensboro, MDZoning HC · permitted uses
HC · Greensboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ance, the following Zoning Districts and Uses are hereby established. General Use Districts R-l Low Density Residential Zone R-2 Medium Density Residential Zone R-3 High Density Residential Zone LC Light Commercial Zone HC Highway Commercial Zone Greensboro Land Development Ordinance (4.18.13) Amended through 8.8.18 69 CC Central Commercial Zone I-1 Light Industrial Zone I-2 Medium Industrial Zone ESG Essential Government Services Distric
Zone name
Highway Commercial
General category
INDUSTRIAL
Zone area
11.91 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1993
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Frederick E Spence JR.
Individual
Mailing address
PO BOX 428, RIDGELY, MD 21660-0428
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Frederick E Spence JR.
—
Deed Of Trust
related
$420,000 · Provident State Bank INC
—
—
Chang K Woo
—
Deed Of Trust
related
$600,000 · Pnc 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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