Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15 Engerman Ave Denton, MD 21629-2035

    • Manufacturing properties
    • 35,840 SF
    • 3.29 lot acres
    OFF-MARKET
    Value Estimations
    $2,655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1227012
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tanglewood Conservatories / Conservatory Construction Contractor / Construction Company

    Property Details for 15 Engerman Ave

    Year built
    1998
    Lot size
    3.29 lot acres
    Property size
    35,840 SF
    Zone code
    LI
    Property type
    Manufacturing properties
    APN
    03-032000
    APU
    3032000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,656,000
      Market price range: $721k - $4.71M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,860,000
      Current use
      RETAIL STORES
      $4,120,000
      Change: +44% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,495,000
      Change: +22% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,120,000
      Change: +9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Caroline
    State
    Maryland
    Longitude
    -75.8224
    Latitude
    38.8696

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,907
    $0.00
    $0.00
    $1,136,267
    -
    $124,200
    $1,136,000
    $1,260,200

    Comparable in this City

    • Value Estimation by Request
      4,408 SF

      9230 Andersontown Rd

      MANUFACTURING (LIGHT) • 4,408 SF
      9230 Andersontown Rd, Denton, MD 21629
      View Details
    • Value Estimation
      $1,405,000
      18,000 SF

      25 Engerman Ave

      MANUFACTURING (LIGHT) • 18,000 SF
      25 Engerman Ave, Denton, MD 21629-2035
      View Details
    • Value Estimation
      $3,165,000
      59,296 SF

      24778 Meeting House Rd

      MANUFACTURING (LIGHT) • 59,296 SF
      24778 Meeting House Rd, Denton, MD 21629-1917
      View Details
    • Value Estimation by Request
      1,353 SF

      Riv Lndg St

      MANUFACTURING (LIGHT) • 1,353 SF
      Riv Lndg St, Denton, MD 21629
      View Details
    • Value Estimation
      $1,890,000
      14,363 SF

      408 10th St

      MANUFACTURING (LIGHT) • 14,363 SF
      408 10th St, Denton, MD 21629-1121
      View Details
    • Value Estimation
      $7,050,000
      64,429 SF

      1105 Park Ln

      MANUFACTURING (LIGHT) • 64,429 SF
      1105 Park Ln, Denton, MD 21629-2041
      View Details

    Similar Nearby for Sale

    • $5,900,000

      New Warehouse/Flex Building in Denton

      Newly constructed warehouse/flex building with income and leasing upside.
      75 Engerman Ave, Denton, MD 21629
      View Details
    • $7,495,000
      99,200 SF

      Denton Industrial Park Gem

      12 Acres, 99,200 SF Warehouse
      30 Park Ln, Denton, MD 21629
      View Details
    • $195,000
      672 SF

      Denton Mixed-Use Commercial Property

      Prime Denton location, 672 sq ft, 0.51 acres.
      546 6Th St, Denton, MD 21629
      View Details
    • $230,000

      Denton Specialty Property For Sale

      Specialty property available for purchase in Denton, Maryland.
      1403 Blue Heron Dr, Denton, MD 21629
      View Details
    • $169,000

      Colonial Multifamily Property in Denton

      Two-unit property with income potential in a peaceful setting.
      106 S 6Th St, Denton, MD 21629
      View Details
    • $69,000
      2.08 Acres

      2.08 Acre Flat Lot

      2.08 acre lot, mound system approval in 1991.
      Goldsboro Rd, Denton, MD 21629
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      10,000 SF

      New Industrial/Flex Space Available

      New 10,000 SF industrial/flex space for lease.
      95 Engerman Ave, Denton, MD 21629
      View Details
    • $9 SF/Yr
      60,000 SF

      New Industrial Building For Lease

      60,000 SF industrial building under construction, available Q4 2025.
      75 Engerman Ave, Denton, MD 21629
      View Details
    • Contact for pricing
      5,000 SF

      Legion Center Retail Space

      Denton, MD: Prime Retail Opportunity
      625 Legion Rd, Denton, MD 21629
      View Details
    • Contact for pricing

      Commercial Land with High Visibility

      Land with high traffic, ideal for retail or office.
      820 S 5Th Ave, Denton, MD 21629
      View Details
    • Contact for pricing
      22,000 SF

      Denton Plaza Retail Spaces Available

      Prime Denton, MD retail space. Two units, high traffic location.
      52B Denton Plz, Denton, MD 21629
      View Details
    • Contact for pricing
      102,802 SF

      Denton, MD Pad Site Opportunity

      Prime Retail/Office Land - 2.36 Acres
      1155 Industrial Park Way, Denton, MD 21629
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Engerman Ave
    Denton, MD 21629-2035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.