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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Commercial real estate
175 Klee Ml Rd, Sykesville, MD 21784-9237
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1490055
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
4,078 SF
Lot
5.3 ac (230,868 SF)
Zoning code
C-1
APN
14-039732
UPID
US40-1490055
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$940k
Owner & transaction history
Sickels LLC · 5 yrs held
Sickels LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C-1 · Sykesville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+76.0%
Auto repair, garage
$710,000
+47.2%
Office building
$665,000
+38.0%
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 Sykesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sykesville 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
$1,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
RETAIL STORES
$845,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.20M (Jun 21 2021)
Last sale anchor
$1.20M
Jun 21 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
$231 / 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
$6,467
Tax year 2023
Assessed value
$572,303
Assessed 2023
Previous assessed
$289,900
+97.4% YoY
Effective rate
1.13%
On assessed value
Land market value
$268,900
Improvement market value
$304,000
Total market value
$572,900
Applied tax rate
14.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
5
Total area
4,078 SF
Lot
5.3 ac (230,868 SF)
Zoning code
C-1
APN
14-039732
UPID
US40-1490055
Jurisdiction
CARROLL
Zoning & alternative use
C-1 · Sykesville, MD
Zoning C-1 · permitted uses
C-1 · Sykesville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sykesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$710,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES
AUTO REPAIR, GARAGE
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
5
Lot
5.3 ac
Current owner
From public records · entity-resolved
Sickels LLC
Entity
Mailing address
12240 WILKINS AVE, ROCKVILLE, MD 20852-1875
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
Jun 21, 2021
$1,200,000
Sickels LLC
Danielle Fleegle
Deed
$900,000 · United Bank
Nov 23, 2004
—
Jeffrey D Fleegle
Fleegle,jeffrey D
Quit Claim Deed
related
$850,000 · Bank Of America
Apr 16, 1998
$227,000
Jeffrey D Fleegle
Martin,james V & Alison N
Grant Deed
$204,300 · Crestar Mortgage Corp
—
—
Jeffrey D Fleegle
—
Deed Of Trust
related
$150,000 · Farmers & Mechanics Bank
—
—
Jeffrey D Fleegle
—
Deed Of Trust
related
$104,000 · Wholesale Mortgage Co
—
—
Jeffrey D Fleegle
—
Deed Of Trust
related
$1,250,000 · Farmers & Mechanics Bank
—
—
Jeffrey D Fleegle
—
Deed Of Trust
related
$23,000 · Nationsbank
—
—
Jeffrey D Fleegle
—
Deed Of Trust
related
$620,000 · Midatlantic Farm Credit Aca
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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