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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
2473 Solomons Is Rd Edgewater, MD 21037-1002
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0831769
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
1,110 SF
Lot
2.08 ac (90,605 SF)
Zoning code
C4
APN
02-000-04679605
UPID
US40-0831769
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
-
Mister Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$366k
Blend (final)
Blend
$540k
Owner & transaction history
Podrog Maritime Investments · 11 yrs held
Podrog Maritime Investments
since 2015
7 recorded transactions
Zoning & alternative use
C4 · Edgewater, 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
AUTO REPAIR, GARAGE
$470,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$460,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$486 / 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
$32,716
Tax year 2023
Assessed value
$2,996,000
Assessed 2023
Previous assessed
$2,914,933
+2.8% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,505,600
Assessed improvement
$490,400
Land market value
$2,505,600
Improvement market value
$490,400
Total market value
$2,996,000
Applied tax rate
2.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Bathrooms
1
Total area
1,110 SF
Lot
2.08 ac (90,605 SF)
Zoning code
C4
APN
02-000-04679605
UPID
US40-0831769
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Edgewater, MD
Zoning C4 · permitted uses
C4 · Edgewater, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$470,000
RETAIL STORES
Est. value
$460,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2005
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Bathrooms
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Podrog Maritime Investments
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2015
$3,000,000
Podrog Maritime Investments
Gray Charles Living Trust
Grant Deed
—
Feb 2, 2015
$5,000,000
Spirit Master Funding Ix LLC
Podrog Maritime Investments
Grant Deed
—
Jun 4, 2008
—
Gray Charles H Living Trust
Gray,charles H
Quit Claim Deed
related
—
—
—
David J Podrog
—
Deed Of Trust
related
$237,500 · Severn Savings Bank Fsb
—
—
Maritime Autowash INC
—
Deed Of Trust
related
$1,031,000 · Severn Savings Bank Fsb
—
—
Maritime Autowash INC
—
Deed Of Trust
related
$1,800,000 · David Podrog
—
—
Maritime Autowash INC
—
Deed Of Trust
related
$350,000 · Severn Savings Bank Fsb
—
—
David J Podrog
—
Deed Of Trust
related
$1,031,000 · Severn Savings Bank Fsb
—
—
Charles H Gray
—
Deed Of Trust
related
$2,500 · Educational Systems Emps FCU
—
—
Maritime Autowash INC
—
Deed Of Trust
related
$150,000 · Severn Savings Bank Fsb
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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