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Property profile & analytics
OFF-MARKET
Estimated value
$5,175,000
Office buildings
137 Mitchells Chance Rd, Edgewater, MD 21037-2787
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1304642
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
46,664 SF
Lot
0.74 ac (32,234 SF)
Zoning code
C3
APN
01-753-90212928
UPID
US40-1304642
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
-
Gergely Andrew T MD Physician
-
Blue Heron Psychology, LLC Physician Medical Clinic
-
Auto Accident Doctors Edgewater Medical Group Chiropractor
-
Restaurant eSolutions (Bike/Boat/Book/etc) Store Corporate Office
-
Derek Curran Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.54M
CAP Approach
CAP
$5.37M
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$5.18M
Owner & transaction history
137 Mitchells Chance LLC · 4 yrs held
137 Mitchells Chance LLC
since 2021
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
C3 · Edgewater, 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$5,490,000
ML approach
$5,535,000
CAP Approach
CAP Return
Estimation
6%
$5,815,000
6.5%
$5,370,000
7%
$4,985,000
Blend value · Realmo final
$5.18M
Range $4.66M – $5.69M · ±10% · vs last sale $4.10M (Oct 20 2021)
Last sale anchor
$4.10M
Oct 20 2021
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
$111 / 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
$81,198
Tax year 2023
Assessed value
$7,435,700
Assessed 2023
Previous assessed
$7,435,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$453,100
Assessed improvement
$6,982,600
Land market value
$453,100
Improvement market value
$6,982,600
Total market value
$7,435,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
46,664 SF
Lot
0.74 ac (32,234 SF)
Zoning code
C3
APN
01-753-90212928
UPID
US40-1304642
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Edgewater, MD
Zoning C3 · permitted uses
C3 · Edgewater, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
137 Mitchells Chance LLC
Entity
Free & Clear · 4 yrs held
Mailing address
181 HARRY S TRUMAN PKWY STE #250, ANNAPOLIS, MD 21401-7577
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$4,100,000
137 Mitchells Chance LLC
Src Main Street LLC
Deed
—
Oct 12, 2005
—
Src Main Street LLC
—
Deed Of Trust
related
$9,400,000 · Sandy Spring Bank
—
—
Src Main Street LLC
—
Deed Of Trust
related
$1,100,000 · Sandy Spring 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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