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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Outlet malls
20877 Pt Lookout Rd Callaway, MD 20620-2087
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0974595
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Total area
9,060 SF
Lot
1.48 ac (64,469 SF)
Zoning code
VMX
APN
02-010690
UPID
US40-0974595
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
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.23M
Owner & transaction history
6316 R Road LLC · 3 yrs held
6316 R Road LLC
since 2023
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
VMX · Callaway, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+69.4%
Auto repair, garage
$2.0M
+29.8%
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 Callaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Callaway 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
$1,965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,460,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,535,000
Current use
OFFICE BUILDING
$2,595,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,990,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.28M (Mar 28 2023)
Last sale anchor
$2.28M
Mar 28 2023
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
$246 / 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
$22,280
Tax year 2023
Assessed value
$2,154,067
Assessed 2024
Previous assessed
$2,154,067
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$507,000
Improvement market value
$1,692,900
Total market value
$2,199,900
Applied tax rate
2.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
9,060 SF
Lot
1.48 ac (64,469 SF)
Zoning code
VMX
APN
02-010690
UPID
US40-0974595
Jurisdiction
ST MARY'S
Zoning & alternative use
VMX · Callaway, MD
Zoning VMX · permitted uses
VMX · Callaway, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Callaway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
6316 R Road LLC
Entity
Mailing address
11421 CRONHILL DR STE G, OWINGS MILLS, MD 21117-2222
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 28, 2023
$2,281,115
6316 R Road LLC
Ptv 1074 LLC
Special Warranty Deed
$1,332,000 · Cedar Point FCU
Mar 28, 2023
$350,000
Troy Glover
David E Lee
Deed
—
Feb 10, 2021
$337,500
Ptv 1074 LLC
St Marys Nursing Home LLC
Deed
$1,520,000 · First National Bank Of Pennsylvania
Aug 18, 2010
$1,298,000
St Marys Nursing Home LLC
Bkm Ents LLC
Grant Deed
$870,000 · Bkm Ents LLC
Mar 25, 2005
$600,000
Bkm Ents LLC
Jones,michael A
Grant Deed
—
Jun 30, 2004
—
Michael A Jones
Jones,agnes D
Quit Claim 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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