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Property profile & analytics
FOR LEASE
Distribution centers
2204 Lakeside Blvd, Edgewood, MD 21040
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0341041
For Lease
$10,670,000
2204 Lakeside Blvd, Edgewood, MD 21040
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Total area
14,000 SF
Lot
4.95 ac (215,622 SF)
Zoning code
LI
APN
01-326309
UPID
US40-0341041
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
-
Alcore Corporation Corporate Office Factory
-
R 4 Inc Business Management Consultant
-
Aireco Supply, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.67M
Owner & transaction history
2204 Lakeside Owner LLC · 2 yrs held
2204 Lakeside Owner LLC
since 2023
Last sale
$11.1M
7 recorded transactions
Zoning & alternative use
LI · Edgewood, 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 Edgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewood 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
$11,355,000
ML approach
$9,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.67M
Range $9.60M – $11.74M · ±10% · vs last sale $11.07M (Nov 13 2023)
Last sale anchor
$11.07M
Nov 13 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
$762 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$29,806
Tax year 2022
Assessed value
$3,132,100
Assessed 2023
Previous assessed
$3,132,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,089,000
Assessed improvement
$2,043,100
Land market value
$1,089,000
Improvement market value
$2,043,100
Total market value
$3,132,100
Applied tax rate
1.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2007
Heating
NONE
Stories
1
Units
1
Total area
14,000 SF
Lot
4.95 ac (215,622 SF)
Zoning code
LI
APN
01-326309
UPID
US40-0341041
Jurisdiction
HARFORD
Zoning & alternative use
LI · Edgewood, MD
Zoning LI · permitted uses
LI · Edgewood, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Units
1
Lot
4.95 ac
Current owner
From public records · entity-resolved
2204 Lakeside Owner LLC
Entity
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
1502 Quarry Owner LLC
—
Deed
related
$67,000,000 · Principal Life Insurance Co
Nov 13, 2023
$11,069,127
2204 Lakeside Owner LLC
Bre Foxtrot 2004 Lakeside Blvd LLC
Special Warranty Deed
—
Apr 28, 2022
—
Bre Foxtrot 2204 Lakeside Blvd LLC
—
Deed
related
—
Nov 24, 2020
—
Bre Foxtrot 2204 Lakeside Blvd LLC
—
Deed
related
$741,500 · Jpmorgan Chase Bank NA
Jun 28, 2018
—
Bre Foxtrot 2204 Lakeside Blvd LLC
—
Deed
related
$298,180 · Suntrust Bank
Jun 18, 2018
$6,300,000
Bre Foxtrot 2204 Lakeside Blvd
Frp Lakeside LLC 4
Grant Deed
—
Mar 30, 2000
$1,300,000
Frp Lakeside LLC #4
Frp Lakeside LP
Grant 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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