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Property profile & analytics
OFF-MARKET
Estimated value
$3,720,000
Office buildings
1520 Jabez Run, Millersville, MD 21108-2005
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0886510
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
26,385 SF
Lot
3.1 ac (134,905 SF)
Zoning code
W1
APN
04-000-90213766
UPID
US40-0886510
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
-
Sinclair Prosser Gasior Law Firm
-
Rose & Sons Consulting Marketing & Advertising Advertising Agency
-
Strayer University High School
-
Team Travel Source Travel Agency
-
Adam Summers Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$3.72M
Owner & transaction history
Jabez Run LLC · 5 yrs held
Jabez Run LLC
since 2021
Last sale
$3.8M
7 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
$5,125,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,290,000
6.5%
$3,035,000
7%
$2,820,000
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±10% · vs last sale $3.83M (May 24 2021)
Last sale anchor
$3.83M
May 24 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
$141 / 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
$35,493
Tax year 2023
Assessed value
$3,250,300
Assessed 2023
Previous assessed
$3,174,500
+2.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$594,400
Improvement market value
$2,807,500
Total market value
$3,401,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
HEAT PUMP
Stories
3
Units
1
Total area
26,385 SF
Lot
3.1 ac (134,905 SF)
Zoning code
W1
APN
04-000-90213766
UPID
US40-0886510
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
2001
Heating
HEAT PUMP
Stories
3
Units
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Jabez Run LLC
Entity
Mailing address
1520 JABEZ RUN, MILLERSVILLE, MD 21108-2005
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Jabez Run LLC
—
Deed
related
$1,330,000 · Atlantic Union Bank
May 24, 2021
$3,825,000
Jabez Run LLC
Trokme Commercial Partners LLC
Deed
$3,825,000 · Atlantic Union Bank
May 14, 2019
$3,200,000
Trokme Commercial Partners LLC
Grp 1520 Jabez LLC
Deed
$2,560,000 · Virginia Partners Bank
May 10, 2019
$3,200,000
Gcp Jabez 1 LLC
Grp Wakefield LLC
Grant Deed
—
Feb 13, 2018
$235,000
Beacon Property Holdings LLC
Ki Ventures II LLC
Grant Deed
$152,750 · Bank Of Glen Burnie
Jun 28, 2017
$2,900,000
Grp 1520 Jabez LLC
Wakefield Park LLC
Grant Deed
—
Jun 28, 2013
$150,000
Ki Ventures II LLC
Wakefield Park II LLC
Grant Deed
—
—
—
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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