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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Warehouses
16144 Elliott Pkwy, Williamsport, MD 21795-4080
Entity Owned
23-yr Hold
Free & Clear
Property ID
US40-1335899
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
49,934 SF
Lot
5.26 ac (229,126 SF)
Zoning code
IG
APN
02-006030
UPID
US40-1335899
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
-
Maryland Paper Company Mill
-
mathew chakola Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$3.14M
Owner & transaction history
Elliott Place LLC · 23 yrs held
Elliott Place LLC
since 2002
7 recorded transactions
Zoning & alternative use
IG · Williamsport, 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 Williamsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsport 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
$3,925,000
Current use
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±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
$63 / 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
$27,856
Tax year 2023
Assessed value
$2,678,500
Assessed 2023
Previous assessed
$2,678,500
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$349,100
Assessed improvement
$2,329,400
Land market value
$349,100
Improvement market value
$2,329,400
Total market value
$2,678,500
Applied tax rate
2.0000
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
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
49,934 SF
Lot
5.26 ac (229,126 SF)
Zoning code
IG
APN
02-006030
UPID
US40-1335899
Jurisdiction
WASHINGTON
Zoning & alternative use
IG · Williamsport, MD
Zoning IG · permitted uses
IG · Williamsport, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.9M
WAREHOUSE, STORAGE Current
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
5.26 ac
Current owner
From public records · entity-resolved
Elliott Place LLC
Entity
Free & Clear · 23 yrs held
Mailing address
16144 ELLIOTT PKWY, WILLIAMSPORT, MD 21795-4080
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
—
Elliott Place LLC
—
Deed
related
$2,882,000 · Revere Bk
Jul 18, 2018
—
Maryland Paper Company
—
Deed
related
$187,000 · Middletown Valley Bank
Feb 23, 2011
—
Elliott Place LLC
—
Deed Of Trust
related
$8,600,000 · Wells Fargo Bank
Nov 24, 2008
—
Elliott Place LLC
—
Deed Of Trust
related
$7,500,000 · Pnc Bank
Dec 2, 2002
—
Elliott Place LLC
Maryland Paper Co LP
Grant Deed
related
—
—
—
Elliott Place LLC
—
Deed Of Trust
related
$11,100,000 · Wells Fargo Bank
—
—
Elliott Place LLC
—
Deed Of Trust
related
$900,000 · Wells Fargo Bk
—
—
Elliott Place LLC
—
Deed Of Trust
related
$2,882,000 · Revere Bk
—
—
Elliott Place LLC
—
Deed Of Trust
related
$4,793,000 · Branch Bk&tr
—
—
Elliott Place LLC
—
Deed Of Trust
related
$3,495,000 · Branch Bk&tr
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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