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Property profile & analytics
OFF-MARKET
Investment properties
203 Melvin Ave Queenstown, MD 21658-1237
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0655758
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1958
Total area
1,253 SF
Lot
0.32 ac (13,982 SF)
Zoning code
TC
APN
05-001331
UPID
US40-0655758
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
Roy E Julie III · 4 yrs held
Roy E Julie III
since 2022
Last sale
$265,000
7 recorded transactions
Zoning & alternative use
TC · Queenstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to encourage the revitalization of Queenstown's town core, while at the same time reinforcing its historic, mixed-use and pedestrian-oriented character. Specifically, it is intended to encourage the development of land and buildings within the core area for a variety of commercial uses, either individually or within the same b…
Zone name
Town Center
General category
MIXED_USE
Zone area
13.70 ac
Source
Realmo
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 Queenstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Queenstown 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
$3,127
Tax year 2023
Assessed value
$272,800
Assessed 2024
Previous assessed
$266,567
+2.3% YoY
Effective rate
1.15%
On assessed value
Assessed land
$113,900
Assessed improvement
$158,900
Land market value
$113,900
Improvement market value
$158,900
Total market value
$272,800
Applied tax rate
4.0000
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
1958
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
1,253 SF
Lot
0.32 ac (13,982 SF)
Zoning code
TC
APN
05-001331
UPID
US40-0655758
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
TC · Queenstown, MDZoning TC · permitted uses
TC · Queenstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to encourage the revitalization of Queenstown's town core, while at the same time reinforcing its historic, mixed-use and pedestrian-oriented character. Specifically, it is intended to encourage the development of land and buildings within the core area for a variety of commercial uses, either individually or within the same building, for compatible mixed use developments, incorporating both residential and non residential uses and for civic, and public uses.
Zone name
Town Center
General category
MIXED_USE
Zone area
13.70 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Roy E Julie III
Individual
Mailing address
109 BRYANS CHANNEL WAY, QUEENSTOWN, MD 21658-1608
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
—
Roy E Julie III
Roy E Julie III
Intrafamily Transfer
related
—
Jun 26, 2018
$265,000
Roy E Julie III
Hurlburt,stuart
Grant Deed
—
Aug 6, 2015
$248,500
Stuart M Hurlburt
Jamie L Engle
Deed
—
Jul 12, 2007
$185,000
Jamie L Engle
Duty,william H III & Janice L
Grant Deed
$185,000 · William H III & Janice L Duty
Jan 31, 2005
$150,000
William H Duty III
Duty,william H IV
Grant Deed
—
Feb 1, 2002
—
William H Duty
Duty,william H
Quit Claim Deed
related
$89,000 · Molton Allen & Williams Mtg Co
Oct 12, 1999
$80,000
William H Duty
Benner,douglas M & Melissa J
Grant Deed
$80,000 · Centreville National Bank Md
—
—
Jamie L Engle
—
Deed Of Trust
related
$200,000 · Usaa Fsb
—
—
William H Duty
—
Deed Of Trust
related
$93,100 · America's Wholesale Lender
—
—
Jamie L Engle
—
Deed Of Trust
related
$10,000 · Queenstown Bank Maryland
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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