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Property profile & analytics
OFF-MARKET
Estimated value
$76,525,000
Warehouses
1900 Clark Rd, Havre De Grace, MD 21078-4017
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0691187
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
BRICK
Total area
612,012 SF
Lot
57.87 ac (2,520,817 SF)
Zoning code
GI
APN
06-004695
UPID
US40-0691187
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
-
ECS Industrial Manufacturer Production Facility
-
Dart Container Warehouse & Storage
-
Elite Comfort Solutions HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.51M
Comparable Approach
Comparable
$69.41M
Blend (final)
Blend
$76.53M
Owner & transaction history
Nnn Agp Opp II Owner Vi LLC · 4 yrs held
Nnn Agp Opp II Owner Vi LLC
since 2022
Last sale
$80.5M
7 recorded transactions
Zoning & alternative use
GI · Havre De Grace, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$123.6M
+13.7%
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 Havre De Grace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Havre De Grace 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
$82,605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,300,000
6.5%
$69,510,000
7%
$64,545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$108,630,000
Current use
OFFICE BUILDING
$123,560,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$76.53M
Range $68.87M – $84.18M · ±10% · vs last sale $80.55M (Apr 13 2022)
Last sale anchor
$80.55M
Apr 13 2022
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
$125 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$275,199
Tax year 2022
Assessed value
$29,332,867
Assessed 2023
Previous assessed
$28,868,033
+1.6% YoY
Effective rate
0.94%
On assessed value
Land market value
$4,114,800
Improvement market value
$25,682,900
Total market value
$29,797,700
Applied tax rate
600.0000
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
1998
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
612,012 SF
Lot
57.87 ac (2,520,817 SF)
Zoning code
GI
APN
06-004695
UPID
US40-0691187
Jurisdiction
HARFORD
Zoning & alternative use
GI · Havre De Grace, MD
Zoning GI · permitted uses
GI · Havre De Grace, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Havre De Grace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$108.6M
OFFICE BUILDING
Est. value
$123.6M
WAREHOUSE, STORAGE 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
1998
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
57.87 ac
Current owner
From public records · entity-resolved
Nnn Agp Opp II Owner Vi LLC
Entity
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
$80,547,452
Nnn Agp Opp II Owner Vi LLC
Smcb 1900 Clark Owner LLC
Special Warranty Deed
$63,328,261 · Jackson National Life Insurance Com
Dec 19, 2017
$42,000,000
Smcb 1900 Clark Owner LLC
Mept 1900 Clark LLC
Special Warranty Deed
$25,250,000 · Webster Bank
Mar 22, 2011
$26,400,000
Mept 1900 Clark LLC
Mcbh Clark Road LLC
Grant Deed
—
Apr 12, 2010
—
Mcbh Clark Road LLC
—
Deed Of Trust
related
$13,266,000 · Bank Of America
Sep 30, 2009
$13,500,000
Mcbh Clark Road LLC
Solo Cup Operating Corp
Deed Of Trust
related
$13,500,000 · Hampshire Partners Fund Vii LP
May 24, 2006
—
Solo Cup Operating Corp
—
Deed Of Trust
related
$80,000,000 · Bank Of America
May 6, 2004
—
Solo Cup Co
—
Deed Of Trust
related
$800,000,000 · Bank Of America
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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