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2129 Pulaski Hwy, Havre de Grace, MD 21078
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Property summary
AI-generated overview
This Havre de Grace, Maryland property at 2129 Pulaski Highway offers 66,941 square feet of versatile commercial space, ideal for a variety of uses. The building, classified as Class C, features a mix of retail, office, and industrial space, currently configured as multiple tenancies. A contiguous space of 3,241 square feet is immediately available, with a minimum divisible space of 1,800 square feet. The single-story building underwent renovations in 2011 and sits on a 4.58-acre lot, providing ample parking with 118 spaces distributed among the five suites. Three loading docks cater to efficient logistics. The property boasts 240/3-phase 1000 Amp electrical service, making it suitable for power-intensive businesses. Conveniently located approximately three miles from I-95 and a five-minute drive to the train station, this location offers easy access to major transportation arteries. Nearby amenities include shopping centers and restaurants, enhancing its appeal and accessibility. The property is zoned C1-Commercial Industrial within Harford County, Maryland, and its zip code is 21078. The absence of elevators should be noted.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Construction
BRICK
Total area
41,760 SF
Lot
4.51 ac (196,456 SF)
Zoning code
CI
APN
06-004229
UPID
US40-0278470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice
-
General Contractor
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Alternative Medicine Practice
-
Big Box & Wholesale Store Building Supply
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.99M
CAP Approach
CAP
$4.75M
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$6.67M
Owner & transaction history
since 2023
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
CI · Havre De Grace, MD
Top alternative use upside
Retail stores
$10.4M
+40.5%
Commercial (general)
$9.6M
+29.1%
Office building
$8.4M
+13.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$6.67M
Value range
$6.00M – $7.34M
±10% around blend
Estimated value / SF
$160 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$6.00M
blend $6.67M
$7.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
41,760 SF
Lot area
4.51 ac
Year built
1940
Stories
1
APN
06-004229
Zoning
CI
Assessed value
$4,334,600
Annual tax
$47,243
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.75M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.14M
@ 6.5% CAP return
$4.75M
@ 7% CAP return
$4.41M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$47,243
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.67M
Range $4.74M – $12.53M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.67M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 58 sales
$178
-10%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $160/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+40%
vs current-use indication
Commercial (general)
Office Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.60%
Selected cap rate for this warehouses
Derived from the Havre de Grace market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.60%
9.0%
NOI (est.)
$20k *
Last sale · Jun 2023
$6.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$428k
Move the market yield to see immediate price impact.
Value / SF
$10
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.10%4.60%5.10%
$18k
$433k
$386k
$348k
$20k
$481k
$428k
$386k
$22k
$529k
$471k
$425k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$47,243
Tax year 2022
Assessed value
$4,334,600
Assessed 2023
Previous assessed
$4,334,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$947,100
Assessed improvement
$3,387,500
Land market value
$947,100
Improvement market value
$3,387,500
Total market value
$4,334,600
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1940
Construction
BRICK
Heating
SPACE
Cooling
YES
Stories
1
Units
2
Total area
41,760 SF
Lot
4.51 ac (196,456 SF)
Zoning code
CI
APN
06-004229
UPID
US40-0278470
Jurisdiction
HARFORD
Zoning & alternative use
CI · Havre De Grace, MDZoning CI · permitted uses
CI · Havre De Grace, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
4.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CI
Jurisdiction
Havre De Grace, MD
Recorded code
CI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CI in Havre De Grace, MD.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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