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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
1514 Jabez Run, Millersville, MD 21108-2002
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0856792
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
6,000 SF
Lot
1.33 ac (57,935 SF)
Zoning code
W1
APN
04-000-90213769
UPID
US40-0856792
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
-
Solar Energy Services, Inc. Solar Energy Company Solar Energy Equipment Supplier
-
Utility Lines Construction Services Inc Construction Company General Contractor
-
Sonya Williams, RN Registered General Nurse
-
Priddy Music Academy Vocational School Training Center
-
Kahlalove Bodywork Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$675k
Owner & transaction history
Millersville Jabez Investors V LLC · 3 yrs held
Millersville Jabez Investors V LLC
since 2022
Last sale
$670,000
6 recorded transactions
Zoning & alternative use
W1 · Millersville, 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 Millersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millersville 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
$640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $670k (Aug 25 2022)
Last sale anchor
$670k
Aug 25 2022
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
$113 / 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
$10,933
Tax year 2023
Assessed value
$1,001,233
Assessed 2023
Previous assessed
$982,000
+2.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$280,100
Improvement market value
$759,600
Total market value
$1,039,700
Applied tax rate
4.0000
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
2003
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
6,000 SF
Lot
1.33 ac (57,935 SF)
Zoning code
W1
APN
04-000-90213769
UPID
US40-0856792
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Millersville, MD
Zoning W1 · permitted uses
W1 · Millersville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millersville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Millersville Jabez Investors V LLC
Entity
Free & Clear · 3 yrs held
Mailing address
24 CHURCH ST, MONTCLAIR, NJ 07042-2771
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$670,000
Millersville Jabez Investors V LLC
Millersville Jabez Equities LLC
Deed
—
May 10, 2022
$5,000,000
Millersville Jabez Equities LLC
Gcp Jabez 1 LLC
Deed
—
Aug 30, 2019
—
Gcp Jabez 1 LLC
—
Deed
related
$2,782,500 · The Columbia Bank
May 10, 2019
$3,200,000
Gcp Jabez 1 LLC
Grp Wakefield LLC
Grant Deed
—
Jun 28, 2017
$2,700,000
Grp Wakefield LLC
Wakefield Park LLC
Trustees Deed
related
$3,700,000 · Rosedale Fed'l S&l Assn
Jul 3, 2003
—
Wakefield Park LLC
—
Deed Of Trust
related
$4,500,000 · Provident Savings 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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