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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Warehouses
200 Gtwy Dr, North East, MD 21901-3661
Individually Owned
4-yr Hold
Free & Clear
Property ID
US40-1334886
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Construction
FRAME
Total area
10,000 SF
Lot
50.29 ac (2,190,763 SF)
Zoning code
HCHCO
APN
05-060516
UPID
US40-1334886
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
$960k
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$955k
Owner & transaction history
Mayor & Commnisonners Of Town Of No · 4 yrs held
Mayor & Commnisonners Of Town Of No
since 2021
6 recorded transactions
Zoning & alternative use
HCHCO · North East, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+11.0%
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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$895,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,140,000
Current use
COMMERCIAL (GENERAL)
$1,265,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10%
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
$96 / 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
$318,942
Tax year 2023
Assessed value
$70,180,200
Assessed 2023
Previous assessed
$69,428,633
+1.1% YoY
Effective rate
0.45%
On assessed value
Assessed land
$2,858,700
Assessed improvement
$67,321,500
Land market value
$2,858,700
Improvement market value
$67,321,500
Total market value
$70,180,200
Applied tax rate
40.0000
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
2022
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
3
Bathrooms
2
Total area
10,000 SF
Lot
50.29 ac (2,190,763 SF)
Zoning code
HCHCO
APN
05-060516
UPID
US40-1334886
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
HCHCO · North East, MD
Zoning HCHCO · permitted uses
HCHCO · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2022
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
3
Bathrooms
2
Lot
50.29 ac
Current owner
From public records · entity-resolved
Mayor & Commnisonners Of Town Of No
Individual
Free & Clear · 4 yrs held
Mailing address
100 E PO BOX 638TH ST STE #1700, ADDISON, TX 75001-0638
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
Mayor & Commnisonners Of Town Of No
Cpus Ne Gateway LP
Deed
—
Dec 2, 2021
$95,455,106
Cpus Ne Gateway LP
Dri Tcc Ne Commons LLC
Special Warranty Deed
—
Oct 23, 2019
—
Dri Of Tcc Ne Commons LLC
North East Commons LLC
Correction Deed
related
—
May 7, 2019
$3,025,000
Dri Tcc Ne Commons LLC
North East Commons LLC
Special Warranty Deed
$26,508,766 · Bmo Harris Bank NA
Aug 1, 2008
$3,800,000
Rhine Properties LLC
Philadelphia District Advisory
Grant Deed
—
—
—
Rhine Properties LLC
—
Deed Of Trust
related
$20,000 · Funding I LLC
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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