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Property profile & analytics
OFF-MARKET
Estimated value
$5,375,000
Retail space
209 3rd St Oakland, MD 21550-1325
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0749057
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,605 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C
APN
17-004484
UPID
US40-0749057
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
$5.38M
Owner & transaction history
Incommercial Net Lease Dst 4 · 4 yrs held
Incommercial Net Lease Dst 4
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
C · Oakland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+130.9%
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
$4,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,795,000
Change: +131% · Conversion: Easy
Blend value · Realmo final
$5.38M
Range $4.84M – $5.91M · ±10% · vs last sale $5.70M (Oct 22 2021)
Last sale anchor
$5.70M
Oct 22 2021
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
$368 / 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
$49,724
Tax year 2023
Assessed value
$3,031,933
Assessed 2023
Previous assessed
$1,815,500
+67.0% YoY
Effective rate
1.64%
On assessed value
Land market value
$228,600
Improvement market value
$5,236,200
Total market value
$5,464,800
Applied tax rate
372.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
14,605 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C
APN
17-004484
UPID
US40-0749057
Jurisdiction
GARRETT
Zoning & alternative use
C · Oakland, MD
Zoning C · permitted uses
C · Oakland, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.8M
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Incommercial Net Lease Dst 4
Individual
Mailing address
117 N JEFFERSON ST STE #303, CHICAGO, IL 60661-2300
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$5,704,792
Incommercial Net Lease Dst 4
Sycamore Hills LLC
Special Warranty Deed
$41,570,000 · Citi Real Estate Funding INC
Dec 10, 2012
$4,975,233
Sycamore Hills LLC
Ml Oakland Investors LLC
Grant Deed
—
Dec 4, 2008
—
Ml Oakland Investors LLC
Ml Oakland Investors LLC
Quit Claim Deed
related
—
Apr 16, 2008
$700,000
Ml Oakland Investors LLC
Shreve LLC
Grant Deed
—
Apr 16, 2008
$850,000
Ml Oakland Investors LLC
High Mountain Properties LLC
Grant Deed
—
May 24, 2006
$400,000
High Mountain Properties, LLC
Trex Investments LLC
Deed
$320,000 · Manufacturers & Traders Trust Co
Feb 14, 2003
$365,000
Trex Investment LLC
Grand Junction Enterprises
Grant Deed
$375,000 · First United Bank & Trust Co
Mar 21, 2000
$295,000
Grand Junction Enterprises LLC
Mary N Bennett Estate
Grant Deed
$252,500 · First United Bank & Trust Co
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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