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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Industrial properties
224 Log Canoe Cir Stevensville, MD 21666-2111
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1303091
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1994
Total area
47,432 SF
Lot
35.88 ac (1,562,933 SF)
Zoning code
SIBE
APN
04-096096
UPID
US40-1303091
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
by Request
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.26M
Owner & transaction history
Queen County Board Commissione · 23 yrs held
Queen County Board Commissione
since 2003
1 recorded transaction
Zoning & alternative use
SIBE · Stevensville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.9M
+47.8%
Retail stores
$6.8M
+47.1%
Office building
$5.8M
+25.0%
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 Stevensville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stevensville 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%
$4,365,000
6.5%
$4,030,000
7%
$3,740,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,650,000
Current use
AUTO REPAIR, GARAGE
$6,875,000
Change: +48% · Conversion: Easy
RETAIL STORES
$6,840,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$5,815,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,135,000
Change: +10% · Conversion: Easy
RESTAURANT
$4,225,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±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
$90 / 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
$212,863
Tax year 2023
Assessed value
$22,596,900
Assessed 2023
Previous assessed
$22,596,900
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$5,844,200
Assessed improvement
$16,752,700
Land market value
$5,844,200
Improvement market value
$16,752,700
Total market value
$22,596,900
Applied tax rate
4.0000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1994
Heating
SPACE
Cooling
WALL UNIT
Buildings
10
Stories
1
Units
10
Total area
47,432 SF
Lot
35.88 ac (1,562,933 SF)
Zoning code
SIBE
APN
04-096096
UPID
US40-1303091
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
SIBE · Stevensville, MD
Zoning SIBE · permitted uses
SIBE · Stevensville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stevensville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.1M
RESTAURANT
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
RESTAURANT
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
1994
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
10
Units
10
Lot
35.88 ac
Current owner
From public records · entity-resolved
Queen County Board Commissione
Entity
Free & Clear · 23 yrs held
Mailing address
205 CANNON ST STE #1, CHESTERTOWN, MD 21620-1590
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2003
$90,000
Queen County Board Commissione
Krm Development Corp
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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