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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Investment properties
21 Ml St Clear Spring, MD 21722
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0160030
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
3,296 SF
Lot
0.39 ac (17,028 SF)
Zoning code
U
APN
04-007573
UPID
US40-0160030
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
-
I M D Corporation General Contractor
-
Hazel E Tax & Accounting Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$630k
Owner & transaction history
Kline Properties LLC · 13 yrs held
Kline Properties LLC
since 2013
5 recorded transactions
Zoning & alternative use
U · Clear Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$685,000
+65.6%
Retail stores
$500,000
+20.1%
Auto repair, garage
$480,000
+15.4%
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 Clear Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clear Spring 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%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$415,000
Current use
OFFICE BUILDING
$685,000
Change: +66% · Conversion: Easy
RETAIL STORES
$500,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$480,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$191 / 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
$4,269
Tax year 2023
Assessed value
$466,600
Assessed 2023
Previous assessed
$460,700
+1.3% YoY
Effective rate
0.91%
On assessed value
Assessed land
$144,300
Assessed improvement
$322,300
Land market value
$144,300
Improvement market value
$322,300
Total market value
$466,600
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
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
1900
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
3,296 SF
Lot
0.39 ac (17,028 SF)
Zoning code
U
APN
04-007573
UPID
US40-0160030
Jurisdiction
WASHINGTON
Zoning & alternative use
U · Clear Spring, MD
Zoning U · permitted uses
U · Clear Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clear Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$415,000
OFFICE BUILDING
Est. value
$685,000
RETAIL STORES
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$480,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1900
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Kline Properties LLC
Entity
Mailing address
13529 MELLOTT LN, WILLIAMSPORT, MD 21795-1620
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2019
—
Kline Properties LLC
—
Deed
related
$804,000 · Middletown Valley Bank
Feb 5, 2019
—
Kline Properties LLC
—
Deed
related
$560,000 · Middletown Vly Bk
Mar 1, 2013
$450,000
Kline Properties LLC
Aleshire,jerry P & Gail R
Grant Deed
$450,000 · Jerry P & Gail R Aleshire
Dec 12, 2001
$125,000
Jerry P Aleshire
Seibert,goldie V
Grant Deed
$115,000 · Charles C & Alliene S Downs
—
—
Kline Properties LLC
—
Deed Of Trust
related
$560,000 · Middletown Vly Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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