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Property profile & analytics
OFF-MARKET
Estimated value
$4,345,000
Office buildings
28410 Crown Rd, Fruitland, MD 21826-2185
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0045670
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
STEEL FRAME
Total area
12,400 SF
Lot
31.92 ac (1,390,435 SF)
Zoning code
M-1
APN
16-005509
UPID
US40-0045670
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
$3.89M
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$4.35M
Owner & transaction history
Devreco LLC · 5 yrs held
Devreco LLC
since 2021
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
M-1 · Fruitland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+64.2%
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 Fruitland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fruitland 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%
$4,210,000
6.5%
$3,885,000
7%
$3,610,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,510,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.91M – $4.78M · ±10% · vs last sale $4.85M (Apr 27 2021)
Last sale anchor
$4.85M
Apr 27 2021
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
$350 / 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
$40,031
Tax year 2023
Assessed value
$4,013,167
Assessed 2023
Previous assessed
$3,367,333
+19.2% YoY
Effective rate
1.00%
On assessed value
Land market value
$2,558,400
Improvement market value
$2,100,600
Total market value
$4,659,000
Applied tax rate
8.0000
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
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
4
Total area
12,400 SF
Lot
31.92 ac (1,390,435 SF)
Zoning code
M-1
APN
16-005509
UPID
US40-0045670
Jurisdiction
WICOMICO
Zoning & alternative use
M-1 · Fruitland, MD
Zoning M-1 · permitted uses
M-1 · Fruitland, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fruitland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.5M
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
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
31.92 ac
Current owner
From public records · entity-resolved
Devreco LLC
Entity
Mailing address
150 W MARKET ST STE #101, SALISBURY, MD 21801-5138
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2021
$4,850,000
Devreco LLC
Hearne Crown LLC
Deed
—
Jan 2, 2020
—
Hearne-crown LLC
—
Deed
related
$2,600,000 · Bank Of Del Mar Va
Oct 31, 2019
—
Hearne-crown LLC
—
Deed
related
$500,000 · Bank Of Del Mar Va
Apr 24, 2015
—
City Of Fruitland
Hearne-crown LLC
Grant Deed
—
Aug 9, 2005
—
Hearne-meadows LLC
Crown Cork & Seal USA INC
Quit Claim Deed
related
—
Aug 9, 2005
$1,600,000
Hearne-meadows LLC
Crown Cork & Seal USA INC
Grant Deed
$1,600,000 · Manufacturers Traders & Trust
—
—
Hearne-crown LLC
—
Loan Modification
related
$2,600,000 · Bank Of Del Mar Va
—
—
Hearne-crown LLC
—
Deed Of Trust
related
$700,000 · Manufacturers Traders & Trust
—
—
Hearne-crown LLC
—
Loan Modification
related
$500,000 · Bank Of Del Mar Va
—
—
Crown Cork & Seal Co INC
—
Deed Of Trust
related
—
—
—
Hearne-crown LLC
—
Deed Of Trust
related
$900,000 · Manufacturers Traders & Trust
—
—
Hearne-crown LLC
—
Deed Of Trust
related
$2,143,011 · M & T Bank
—
—
Hearne-crown LLC
—
Deed Of Trust
related
$800,000 · 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.
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