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Property profile & analytics
OFF-MARKET
Estimated value
$14,195,000
Distribution centers
2206 Lakeside Blvd, Edgewood, MD 21040-1107
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1535128
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1999
Construction
BRICK
Total area
67,184 SF
Lot
8.51 ac (370,696 SF)
Zoning code
GI
APN
01-313029
UPID
US40-1535128
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
-
JMA Wireless Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.44M
Blend (final)
Blend
$14.20M
Owner & transaction history
2206 2208 Lakeside Owner LLC · 2 yrs held
2206 2208 Lakeside Owner LLC
since 2023
Last sale
$19.7M
7 recorded transactions
Zoning & alternative use
GI · Edgewood, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.5M
+96.8%
Auto repair, garage
$21.0M
+76.1%
Retail stores
$16.8M
+40.5%
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
by Request
ML approach
$10,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,925,000
Current use
RESTAURANT
$23,470,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,995,000
Change: +76% · Conversion: Easy
RETAIL STORES
$16,750,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,395,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$13,565,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$14.20M
Range $12.78M – $15.61M · ±10% · vs last sale $19.65M (Nov 13 2023)
Last sale anchor
$19.65M
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
$211 / 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
$79,593
Tax year 2022
Assessed value
$7,302,800
Assessed 2023
Previous assessed
$7,302,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$848,900
Assessed improvement
$6,453,900
Land market value
$848,900
Improvement market value
$6,453,900
Total market value
$7,302,800
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
Off-Market
Year built
1999
Construction
BRICK
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
67,184 SF
Lot
8.51 ac (370,696 SF)
Zoning code
GI
APN
01-313029
UPID
US40-1535128
Jurisdiction
HARFORD
Zoning & alternative use
GI · Edgewood, MD
Zoning GI · permitted uses
GI · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.9M
RESTAURANT
Est. value
$23.5M
AUTO REPAIR, GARAGE
Est. value
$21.0M
RETAIL STORES
Est. value
$16.8M
COMMERCIAL (GENERAL)
Est. value
$15.4M
OFFICE BUILDING
Est. value
$13.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1999
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
8.51 ac
Current owner
From public records · entity-resolved
2206 2208 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
9 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
$19,654,458
2206 2208 Lakeside Owner LLC
Bre Foxtrot 2206 2208 Lakeside Blvd
Special Warranty Deed
—
Apr 28, 2022
—
Bre Foxtrot 2206 2208 Lakeside Blvd
—
Deed
related
—
Nov 24, 2020
—
Bre Foxtroy 2208 2208 Lakeside Blvd
—
Deed
related
$741,500 · Morgan Stanley Bank NA
Jun 28, 2018
—
Bre Foxfort 2206 2208 Lakeside Blvd
—
Deed
related
$298,180 · Suntrust Bank
Jun 18, 2018
$15,300,000
Bre Foxtrot 2206-2208 Lakeside
Frp Lakeside LLC 1
Grant Deed
—
Oct 13, 1999
—
Frp Lakeside LP
Frp Lakeside LLC #1
Quit Claim Deed
related
—
Sep 11, 1998
$552,500
Frp Lakeside LLC #1
Frp Lakeside LP
Grant Deed
related
—
—
—
Frp Lakeside LLC #1
—
Deed Of Trust
related
$5,000,000 · Prudential Insurance 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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