Entity Owned 
For Lease
Contact for pricing
1710 Midway Rd, Odenton, MD 21113
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Property summary
AI-generated overview
The property is an industrial warehouse located in Odenton, Maryland, offering 43,519 square feet of warehouse space. The site includes 2.15 acres of fenced exterior storage. The facility is configured for loading with dock doors and provides the ability to add additional dock doors and drive-in loading options. It also includes free surface parking. Zoning permits heavy outside storage.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
BRICK
Total area
180,320 SF
Lot
10.01 ac (436,036 SF)
Zoning code
W2
APN
04-476-06469246
UPID
US40-1355632
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gym & Fitness Center
-
Big Box & Wholesale Store
-
Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Industrial Manufacturer Production Facility
-
Warehouse & Storage
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.59M
Comparable Approach
Comparable
$15.84M
Blend (final)
Blend
$11.66M
Owner & transaction history
since 2021
Last sale
$8.7M
4 recorded transactions
Zoning & alternative use
W2 · Odenton, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.66M
Value range
$10.49M – $12.82M
±10% around blend
Estimated value / SF
$65 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$10.49M
blend $11.66M
$12.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
180,320 SF
Lot area
10.01 ac
Year built
1962
Stories
3
APN
04-476-06469246
Zoning
W2
Assessed value
$6,022,433
Annual tax
$65,765
3
Income approach: direct capitalization
Partial preview
Income approach indication
$14.59M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$15.81M
@ 6.5% CAP return
$14.59M
@ 7% CAP return
$13.55M
4
Sales comparison
Partial preview
Sales approach indication
$15.84M
Range $15.84M – $57.91M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.66M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 68 sales
$419
-85%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $65/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.10%
Implied, in-place cap rate for this manufacturing properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.10%
9.0%
NOI (est.)
$609k *
Last sale · Jul 2021
$8.70M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.52M
Move the market yield to see immediate price impact.
Value / SF
$42
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.60%8.10%8.60%
$548k
$7.21M
$6.77M
$6.37M
$609k
$8.01M
$7.52M
$7.08M
$670k
$8.81M
$8.27M
$7.79M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$65,765
Tax year 2023
Assessed value
$6,022,433
Assessed 2023
Previous assessed
$6,005,700
+0.3% YoY
Effective rate
1.09%
On assessed value
Land market value
$2,683,800
Improvement market value
$3,372,100
Total market value
$6,055,900
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1962
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
180,320 SF
Lot
10.01 ac (436,036 SF)
Zoning code
W2
APN
04-476-06469246
UPID
US40-1355632
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Odenton, MDZoning W2 · permitted uses
W2 · Odenton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1962
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
3
Units
1
Lot
10.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
W2
Jurisdiction
Odenton, MD
Recorded code
W2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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