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Property profile & analytics
OFF-MARKET
Investment properties
2 Railroad Ave Ridgely, MD 21660-2138
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1636627
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
BRICK
Total area
3,490 SF
Lot
0.11 ac (4,595 SF)
Zoning code
C2
APN
07-004699
UPID
US40-1636627
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aso Rudgely LLC · 2 yrs held
Aso Rudgely LLC
since 2024
Last sale
$280,000
3 recorded transactions
Zoning & alternative use
C2 · Ridgely, 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 Ridgely submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgely 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,620
Tax year 2023
Assessed value
$171,200
Assessed 2023
Previous assessed
$171,200
+0.0% YoY
Effective rate
1.53%
On assessed value
Land market value
$36,700
Improvement market value
$134,600
Total market value
$171,300
Applied tax rate
70.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
BRICK
Heating
FORCED AIR
Stories
3
Units
4
Total area
3,490 SF
Lot
0.11 ac (4,595 SF)
Zoning code
C2
APN
07-004699
UPID
US40-1636627
Jurisdiction
CAROLINE
Zoning & alternative use
C2 · Ridgely, MD
Zoning C2 · permitted uses
C2 · Ridgely, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgely. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Construction
BRICK
Heating
FORCED AIR
Stories
3
Units
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Aso Rudgely LLC
Entity
Mailing address
2 W RAILROAD AVE, RIDGELY, MD 21660-2138
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
$280,000
Aso Rudgely LLC
Patrick W Nika
Deed
$210,000 · Shore United Bank NA
Oct 29, 2021
$190,000
Patrick W Nika
M&c Rentals LLC
Deed
—
Jul 31, 2000
—
M & C Rentals LLC
Riddleberger,matthew B & Cynthia
Grant Deed
related
—
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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