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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
148 Ml St Preston, MD 21655
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1078440
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
3,900 SF
Lot
2.52 ac (109,771 SF)
Zoning code
I
APN
04-014359
UPID
US40-1078440
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
-
Hunting Creek Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$565k
Owner & transaction history
Hunting Creek Ents LLC · 7 yrs held
Hunting Creek Ents LLC
since 2019
2 recorded transactions
Zoning & alternative use
I · Preston, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I Industrial District. § 210-23 Application of district regulations. A. Conformance required. Except as hereinafter specified no land, building, structure, or premises shall be hereafter occupied or used, and no building, other structure, or part thereof shall be located, erected, reconstructed, extended, moved, enlarged, converted, or altered, except in con…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
33.90 ac
Top alternative use upside
Commercial (general)
$500,000
+25.9%
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 Preston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Preston 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
WAREHOUSE, STORAGE
$395,000
Current use
COMMERCIAL (GENERAL)
$500,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$145 / 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
$14,080
Tax year 2023
Assessed value
$976,400
Assessed 2023
Previous assessed
$936,800
+4.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$138,600
Assessed improvement
$837,800
Land market value
$138,600
Improvement market value
$837,800
Total market value
$976,400
Applied tax rate
60.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
5
Stories
1
Units
87
Total area
3,900 SF
Lot
2.52 ac (109,771 SF)
Zoning code
I
APN
04-014359
UPID
US40-1078440
Jurisdiction
CAROLINE
Zoning & alternative use
I · Preston, MDZoning I · permitted uses
I · Preston, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I Industrial District. § 210-23 Application of district regulations. A. Conformance required. Except as hereinafter specified no land, building, structure, or premises shall be hereafter occupied or used, and no building, other structure, or part thereof shall be located, erected, reconstructed, extended, moved, enlarged, converted, or altered, except in conformity with the district regulations hereinafter provided. No part of a yard or other open space or off-street parking or loading spaces which are required for any building under the provisions of this chapter shall be included as a part of the yard, open space, off-street parking, or loading spaces which are similarly required for any other building. B. Requirements are minimums. The district regulations of this chapter shall be minimum regulations and shall apply uniformly to each class or kind of structure or land except as hereinafter provided. C. Territory not districted. In the event that any territory has not been specifically included within a district, such territory shall automatically be classified in the R-1 District until otherwise classified.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
33.90 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$500,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2007
Heating
NONE
Stories
1
Buildings
5
Units
87
Lot
2.52 ac
Current owner
From public records · entity-resolved
Hunting Creek Ents LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 70, PRESTON, MD 21655-0070
Ownership since
2019
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
Jul 16, 2019
—
Hunting Creek Enterprises LLC
—
Deed
related
$600,000 · Pnc Bank NA
Apr 15, 2019
$192,500
Hunting Creek Ents LLC
Albert W Sisk & Son INC
Grant Deed
—
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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