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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Warehouses
21502 Great Mls Rd Lexington Park, MD 20653-1330
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0612413
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,860 SF
Lot
2.57 ac (111,949 SF)
Zoning code
DMX
APN
08-068860
UPID
US40-0612413
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
$915k
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.29M
Owner & transaction history
Shrhw Lexington LLC · 4 yrs held
Shrhw Lexington LLC
since 2021
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
DMX · Lexington Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lexington Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington Park 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
$915,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,290,000
Current use
COMMERCIAL (GENERAL)
$1,105,000
Change: -14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,050,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.68M (Aug 16 2021)
Last sale anchor
$1.68M
Aug 16 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
$145 / 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
$20,725
Tax year 2023
Assessed value
$1,955,400
Assessed 2023
Previous assessed
$1,955,400
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$406,300
Assessed improvement
$1,549,100
Land market value
$406,300
Improvement market value
$1,549,100
Total market value
$1,955,400
Applied tax rate
8.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
3
Stories
1
Units
210
Total area
8,860 SF
Lot
2.57 ac (111,949 SF)
Zoning code
DMX
APN
08-068860
UPID
US40-0612413
Jurisdiction
ST MARY'S
Zoning & alternative use
DMX · Lexington Park, MD
Zoning DMX · permitted uses
DMX · Lexington Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
3
Units
210
Lot
2.57 ac
Current owner
From public records · entity-resolved
Shrhw Lexington LLC
Entity
Mailing address
1820 W ORANGEWOOD AVE STE #203, ORANGE, CA 92868-5063
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2021
$1,675,000
Shrhw Lexington LLC
James T Waring
Deed
$1,575,000 · Community Bank Of The Chesapeake
Aug 16, 2019
—
Waring,henry T Trust
—
Deed
related
$950,000 · Community Bk/the Chesapeake
Jun 28, 2019
—
Waring,henry T Trust
—
Deed
related
$950,000 · Community Bk/the Chesapeake
—
—
Waring,henry T Trust
—
Deed Of Trust
related
$950,000 · Community Bk/the Chesapeake
—
—
Waring,henry T Trust
—
Deed Of Trust
related
$950,000 · Community Bk/the Chesapeake
—
—
Waring Henry T Trust
—
Deed Of Trust
related
$800,000 · Community Bank Of Tri-county
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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