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Property profile & analytics
OFF-MARKET
Estimated value
$6,275,000
Industrial properties
23619 Oak Vw Dr, California, MD 20619-2496
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1639614
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2021
Total area
42,754 SF
Lot
5.14 ac (223,898 SF)
Zoning code
I
APN
08-181117
UPID
US40-1639614
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
$6.11M
Comparable Approach
Comparable
$6.45M
Blend (final)
Blend
$6.28M
Owner & transaction history
Lexington Lot 4 LLC · 3 yrs held
Lexington Lot 4 LLC
since 2022
3 recorded transactions
Zoning & alternative use
I · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,615,000
6.5%
$6,105,000
7%
$5,670,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,465,000
Current use
WAREHOUSE, STORAGE
$6,230,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$6.28M
Range $5.65M – $6.90M · ±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
$147 / 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
$44,244
Tax year 2023
Assessed value
$3,934,900
Assessed 2024
Previous assessed
$3,934,900
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$926,600
Assessed improvement
$3,008,300
Land market value
$926,600
Improvement market value
$3,008,300
Total market value
$3,934,900
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
2021
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
42,754 SF
Lot
5.14 ac (223,898 SF)
Zoning code
I
APN
08-181117
UPID
US40-1639614
Jurisdiction
ST MARY'S
Zoning & alternative use
I · California, MD
Zoning I · permitted uses
I · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
WAREHOUSE, STORAGE
Est. value
$6.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2021
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5.14 ac
Current owner
From public records · entity-resolved
Lexington Lot 4 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
Lexington Lot 3 LLC
—
Deed
related
$13,115,000 · United Bank
Aug 22, 2022
—
Lexington Lot 4 LLC
Cecils Mill LLC
Correction Deed
related
—
Apr 12, 2022
—
Lexington Lot 4 LLC
Cecils Mill LLC
Special Warranty 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.
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