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Property profile & analytics
OFF-MARKET
Estimated value
$13,940,000
Warehouses
1502 Quarry Dr, Edgewood, MD 21040-1047
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0341042
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
BRICK
Total area
105,760 SF
Lot
5.23 ac (227,819 SF)
Zoning code
GI
APN
01-302531
UPID
US40-0341042
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
-
The Gill Corporation Maryland Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.66M
CAP Approach
CAP
$12.01M
Comparable Approach
Comparable
$13.73M
Blend (final)
Blend
$13.94M
Owner & transaction history
1502 Quarry Owner LLC · 2 yrs held
1502 Quarry Owner LLC
since 2023
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
GI · Edgewood, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.4M
+13.7%
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
$16,360,000
ML approach
$9,655,000
CAP Approach
CAP Return
Estimation
6%
$13,010,000
6.5%
$12,010,000
7%
$11,155,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,770,000
Current use
OFFICE BUILDING
$21,350,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$13.94M
Range $12.55M – $15.33M · ±10% · vs last sale $15.95M (Nov 13 2023)
Last sale anchor
$15.95M
Nov 13 2023
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
$132 / 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
$75,294
Tax year 2022
Assessed value
$6,944,800
Assessed 2023
Previous assessed
$6,944,800
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$575,300
Assessed improvement
$6,369,500
Land market value
$575,300
Improvement market value
$6,369,500
Total market value
$6,944,800
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
Stories
1
Units
1
Total area
105,760 SF
Lot
5.23 ac (227,819 SF)
Zoning code
GI
APN
01-302531
UPID
US40-0341042
Jurisdiction
HARFORD
Zoning & alternative use
GI · Edgewood, MD
Zoning GI · permitted uses
GI · 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
$18.8M
OFFICE BUILDING
Est. value
$21.4M
WAREHOUSE, STORAGE Current
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
Stories
1
Units
1
Lot
5.23 ac
Current owner
From public records · entity-resolved
1502 Quarry Owner LLC
Entity
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
1502 Quarry Owner LLC
—
Deed
related
$67,000,000 · Principal Life Insurance Co
Nov 13, 2023
$15,946,538
1502 Quarry Owner LLC
Bre Foxtrot 1502 Quarry Drive LLC
Special Warranty Deed
$126,576,216 · 1502 Quarry Holdings LLC
Apr 28, 2022
—
Bre Foxtrot 1502 Quarry Drive LLC
—
Deed
related
$184,000,000 · Morgan Stanley Bank NA
Nov 24, 2020
—
Bre Foxtrot 1502 Quarry Drive LLC
—
Deed
related
—
Jul 30, 2019
—
Bre Foxtrot 1502 Quarry Drive LLC
—
Deed
related
$664,945,804 · Morgan Stanley Bank NA
Jul 16, 2019
$11,700,000
Bre Foxtrot 1502 Quarry Drive
1502 Quarry LLC
Grant Deed
—
Dec 5, 2000
—
1502 Quarry LLC
Frp Lakeside LP
Grant Deed
related
—
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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