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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Industrial properties
23840 Prop Wayc, Hollywood, MD 20636-3184
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0759372
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2021
Total area
10,500 SF
Lot
0.35 ac (15,300 SF)
Zoning code
I
APN
06-064183
UPID
US40-0759372
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
$1.50M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.49M
Owner & transaction history
Smc Group LLC · 6 yrs held
Smc Group LLC
since 2019
5 recorded transactions
Zoning & alternative use
I · Hollywood, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+23.1%
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 Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hollywood 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%
$1,625,000
6.5%
$1,500,000
7%
$1,390,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,245,000
Current use
WAREHOUSE, STORAGE
$1,530,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,240,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,050,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±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
$141 / 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
$14,391
Tax year 2023
Assessed value
$1,365,600
Assessed 2023
Previous assessed
$1,365,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$409,600
Assessed improvement
$956,000
Land market value
$409,600
Improvement market value
$956,000
Total market value
$1,365,600
Applied tax rate
6.0000
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
2021
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
10,500 SF
Lot
0.35 ac (15,300 SF)
Zoning code
I
APN
06-064183
UPID
US40-0759372
Jurisdiction
ST MARY'S
Zoning & alternative use
I · Hollywood, MD
Zoning I · permitted uses
I · Hollywood, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Smc Group LLC
Entity
Mailing address
23942 PROP WAY, HOLLYWOOD, MD 20636-3180
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2021
—
Smc Group L L C
—
Deed
related
$900,000 · Community Bank Of The Chesapeake
Feb 14, 2020
—
Smc Group LLC
—
Deed
related
$1,550,000 · Community Bk/the Chesapeake
Aug 27, 2019
—
Smc Group LLC
Mcdaniel,charles G & Mary R
Correction Deed
related
$28,800 · Community Bank Of The Chesapeake
Aug 17, 2004
$210,000
Smc Group LLC
Mcdaniel,charles G
Grant Deed
—
—
—
Smc Group LLC
—
Deed Of Trust
related
$1,550,000 · Community Bk/the Chesapeake
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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