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Property profile & analytics
OFF-MARKET
Office Spaces
23131 3rd Notch Rd 2 California, MD 20619-2413
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-2393519
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1997
Total area
2,240 SF
Lot
0.05 ac (2,240 SF)
Zoning code
CMX
APN
08-134782
UPID
US40-2393519
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
-
Phil Riehl - State Farm Insurance Agent Insurance Agency
-
Primary Residential Mortgage, Inc. Loan Service Bank
-
Robbie Loker | Outside Sales Reverse Mortgage Loan Officer | Primary Residential Mortgage, Inc. Loan Service Bank
-
Chuck Dohrman | Loan Officer | Primary Residential Mortgage, Inc. Loan Service Bank
-
Grace-Anne Dohrman Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lola Properties LLC · 9 yrs held
Lola Properties LLC
since 2017
4 recorded transactions
Zoning & alternative use
CMX · California, 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 California submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs California 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,558
Tax year 2023
Assessed value
$425,600
Assessed 2023
Previous assessed
$403,200
+5.6% YoY
Effective rate
1.07%
On assessed value
Assessed land
$148,900
Assessed improvement
$276,700
Land market value
$148,900
Improvement market value
$276,700
Total market value
$425,600
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Units
1
Total area
2,240 SF
Lot
0.05 ac (2,240 SF)
Zoning code
CMX
APN
08-134782
UPID
US40-2393519
Jurisdiction
ST MARY'S
Zoning & alternative use
CMX · California, MD
Zoning CMX · permitted uses
CMX · California, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
California. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Lola Properties LLC
Entity
Mailing address
23131 3RD NOTCH RD #2, CALIFORNIA, MD 20619-2413
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2017
—
Bay District Volunteer Fire Department INC
—
Grant Deed
related
$6,267,437 · Community Bk
Jan 9, 2017
—
Lola Properties LLC
Barry S Friedman
Deed
$270,000 · County First Bank
Sep 15, 2004
$560,000
California Professional Center L
Anderson Leon G Trust
Grant Deed
$612,000 · Maryland Bank & Trust Co NA
—
—
Anderson,tr
—
Deed Of Trust
related
$240,000 · 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.
Try Rey
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