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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Auto shops
16244 Millers Wharf Rd, Ridge, MD 20680-3122
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0080864
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
STEEL FRAME
Total area
3,592 SF
Lot
23.78 ac (1,035,857 SF)
Zoning code
CM
APN
01-005871
UPID
US40-0080864
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
-
Point Lookout Marina Marina Boat Storage Facility
-
SALT Waterfront Kitchen Restaurant
-
MARICA II Sportfishing the Chesapeake Bay Tour Operator Travel Agency
-
bay river fishing Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$760k
Owner & transaction history
Point Lookout Marina LLC · 5 yrs held
Point Lookout Marina LLC
since 2021
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
CM · Ridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+30.5%
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 Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridge 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
$545,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$790,000
Current use
OFFICE BUILDING
$1,030,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $1.00M (Jun 7 2021)
Last sale anchor
$1.00M
Jun 7 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
$212 / 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
$19,290
Tax year 2023
Assessed value
$1,824,700
Assessed 2023
Previous assessed
$1,824,700
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,002,200
Assessed improvement
$822,500
Land market value
$1,002,200
Improvement market value
$822,500
Total market value
$1,824,700
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
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
160
Total area
3,592 SF
Lot
23.78 ac (1,035,857 SF)
Zoning code
CM
APN
01-005871
UPID
US40-0080864
Jurisdiction
ST MARY'S
Zoning & alternative use
CM · Ridge, MD
Zoning CM · permitted uses
CM · Ridge, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE 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
1969
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
160
Lot
23.78 ac
Current owner
From public records · entity-resolved
Point Lookout Marina LLC
Entity
Mailing address
16244 MILLERS WHARF RD, RIDGE, MD 20680-3122
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2021
$1,150,000
Point Lookout Marina LLC
Point Lookout Marine Properties INC
Trustees Deed
related
$250,000 · Gary A Rosen
Jan 3, 2012
$1,000,000
Point Lookout Marine Properties INC
Kenneth F Davies
Trustees Deed
related
—
Nov 2, 2007
$4,250,000
Point Lookout Marina LLC
Pt Lookout Marine Props INC
Grant Deed
$3,400,000 · Point Lookout Marine Propertie
—
—
Lookout Properties Oinc Point
—
Deed Of Trust
related
$160,000 · First National Bank St Marys
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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