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Property profile & analytics
OFF-MARKET
Estimated value
$21,580,000
Warehouses
2729 Solomons Is Rd, Edgewater, MD 21037-1202
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1466109
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
117,008 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C4
APN
02-000-11054400
UPID
US40-1466109
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.59M
Blend (final)
Blend
$21.58M
Owner & transaction history
Mdcs Ps 2729 Solomons LLC · 1 yrs held
Mdcs Ps 2729 Solomons LLC
since 2024
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$35,855,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$21.58M
Range $19.42M – $23.74M · ±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
$184 / 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
$190,152
Tax year 2023
Assessed value
$18,851,033
Assessed 2024
Previous assessed
$18,851,033
+0.0% YoY
Effective rate
1.01%
On assessed value
Land market value
$1,241,200
Improvement market value
$20,485,500
Total market value
$21,726,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
117,008 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C4
APN
02-000-11054400
UPID
US40-1466109
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
COMMERCIAL (GENERAL)
Est. value
$35.9M
COMMERCIAL (GENERAL)
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Mdcs Ps 2729 Solomons LLC
Entity
Free & Clear · 1 yrs held
Mailing address
522 COOKMAN AVE APT #3, ASBURY PARK, NJ 07712-7142
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
—
Mdcs Ps 2729 Solomons LLC
Ps Atlantic Coast 2021 A LLC
Lease
—
May 27, 2021
$38,833,693
Ps Atlantic Coast 2021 A LLC
Annapolis Land Lllp
Special Warranty Deed
—
Aug 23, 2019
—
Annapolis Land Lllp
—
Grant Deed
related
$15,203,000 · Miscellaneous Ins Co
Feb 2, 2012
—
Annapolis Land Lllp
—
Deed Of Trust
related
$11,850,000 · Pnc Bank
Jan 23, 2007
$3,200,000
Annapolis Land Lllp
Steinberg,james O & Vicki H
Grant Deed
$10,850,000 · Mercantile-safe Deposit & Trus
—
—
Annapolis Land Lllp
—
Deed Of Trust
related
$1,288,000 · Pnc Bank
—
—
Annapolis Land Lllp
—
Loan Modification
related
$45,500,000 · Pnc Bank
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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