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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Commercial real estate
2802 Solomons Is Rd Edgewater, MD 21037-1224
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1802354
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Lot
1.27 ac (55,321 SF)
Zoning code
C4
APN
02-000-09322600
UPID
US40-1802354
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
-
Abell Custom Marine Services (Bike/Boat/Book/etc) Store
-
Aqua Marine Boat Sales (Bike/Boat/Book/etc) Store
-
South River Boat Rentals Boating Instructor Corporate Entertainment Service
-
Gingerville Marine Center (Bike/Boat/Book/etc) Store
-
Chesapeake Yacht Charters (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
Powersports Edgewater LLC · 1 yrs held
Powersports Edgewater LLC
since 2025
Last sale
$5.2M
6 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
$4,085,000
ML approach
$3,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±10% · vs last sale $5.22M (Dec 25 2024)
Last sale anchor
$5.22M
Dec 25 2024
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
—
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
$13,875
Tax year 2023
Assessed value
$1,270,600
Assessed 2023
Previous assessed
$1,224,633
+3.8% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,260,900
Assessed improvement
$9,700
Land market value
$1,260,900
Improvement market value
$9,700
Total market value
$1,270,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Lot
1.27 ac (55,321 SF)
Zoning code
C4
APN
02-000-09322600
UPID
US40-1802354
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Edgewater, MDZoning C4 · permitted uses
C4 · Edgewater, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
1.27 ac
Current owner
From public records · entity-resolved
Powersports Edgewater LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1157 MAYO RD STE #310, MAYO, MD 21106-1100
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
$5,221,000
Powersports Edgewater LLC
Gingerville Marine Center LLC
Deed
—
May 3, 2022
—
Gingerville Marine Center LLC
—
Deed
related
$500,000 · Cfg Community Bank
Sep 9, 2021
$3,050,000
Gingerville Marine Center LLC
Phipps Family Enterprises LLC
Deed
$2,745,000 · Cfg Community Bank
Sep 9, 2021
—
Phipps Family Enterprises LLC
Wilson H Phipps
Correction Deed
related
—
Dec 21, 2007
—
Phipps Family Ents LLC
Phipps L N JR Living Trust
Quit Claim Deed
—
—
—
Phipps Family Ents LLC
—
Deed Of Trust
related
$3,000,000 · 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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