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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Commercial land
251 Lewis Ln, Havre De Grace, MD 21078-3751
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-1276913
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2011
Total area
29,880 SF
Lot
4.56 ac (198,634 SF)
Zoning code
C
APN
06-024262
UPID
US40-1276913
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
-
Health Care for Children Physician
-
Deep Sleep Medical Clinic
-
Sankar J. Kausik, M.D., FACS - Chesapeake Urology Physician Medical Clinic
-
Union Medical Clinic Medical Clinic
-
Dr. Hi-Sup Sim, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.66M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$4.30M
Owner & transaction history
Nadd Patel 1 LLC · 8 yrs held
Nadd Patel 1 LLC
since 2018
7 recorded transactions
Zoning & alternative use
C · Havre De Grace, 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 Havre De Grace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Havre De Grace 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%
$5,040,000
6.5%
$4,655,000
7%
$4,320,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,845,000
Current use
OFFICE BUILDING
$6,030,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±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
$144 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$4,500
Assessed 2023
Previous assessed
$4,500
+0.0% YoY
Assessed land
$4,500
Land market value
$4,500
Total market value
$4,500
Applied tax rate
600.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Total area
29,880 SF
Lot
4.56 ac (198,634 SF)
Zoning code
C
APN
06-024262
UPID
US40-1276913
Jurisdiction
HARFORD
Zoning & alternative use
C · Havre De Grace, MD
Zoning C · permitted uses
C · Havre De Grace, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Havre De Grace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2011
Heating
FORCED AIR
Lot
4.56 ac
Current owner
From public records · entity-resolved
Nadd Patel 1 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
333 WALNUT DR, CHESAPEAKE CITY, MD 21915-1134
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
$7,500,000
Nadd Patel 1 LLC
Chesapeake Holdings Pb LLC
Grant Deed
—
Jun 30, 2015
$2,650,000
Chesapeake Holdings Pb LLC
Gallerizzo Michael G|lewis Lane LLC
Trustees Deed
related
—
Jan 15, 2009
$1,039,455
Maximum Realty LLC
Lewis Lane LLC
Grant Deed
$784,000 · Peoples Bank Of Elkton
Nov 5, 2008
$580,500
Cua Havre De Grace LLC
Lewis Lane LLC
Grant Deed
$680,000 · Bank Of America
Oct 7, 2008
$889,290
Cso Investments LLC
Lewis Lane LLC
Grant Deed
$960,000 · Manufacturers Traders & Trust
Oct 3, 2008
$445,500
Hearcare LLC
Lewis Lane LLC
Grant Deed
$415,250 · Pnc Bank
Jun 14, 2007
$170,000
Lewis Lane LLC
Klair,george R
Grant Deed
$170,000 · Mercantile County Bank
—
—
Lewis Lane LLC
—
Deed Of Trust
related
$1,850,000 · Manufacturers Traders & Trust
—
—
319 South Union LLC
—
Deed Of Trust
related
$944,000 · Pnc Bank
—
—
Lewis Lane LLC
—
Deed Of Trust
related
$550,000 · M & T Bank
—
—
Lewis Lane LLC
—
Deed Of Trust
related
$600,000 · Manufacturers Traders & Trust
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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