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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Auto shops
28977 3rd Notch Rd, Mechanicsville, MD 20659-3229
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2098801
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,918 SF
Lot
1 ac (43,560 SF)
Zoning code
TMX
APN
05-020549
UPID
US40-2098801
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
-
Tippett & Sons Electric Electrical Service General Contractor
-
10 minute Tag and Title Vehicle Inspection Center
-
Rt 5 Auto Sales Car Dealership
-
CarSmart USA - Used Car Sales and Financing Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$645k
Owner & transaction history
L&r Worldwide LLC · 4 yrs held
L&r Worldwide LLC
since 2022
Last sale
$735,000
7 recorded transactions
Zoning & alternative use
TMX · Mechanicsville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+30.5%
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 Mechanicsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mechanicsville 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
$505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$640,000
Current use
OFFICE BUILDING
$835,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $735k (Jun 28 2022)
Last sale anchor
$735k
Jun 28 2022
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
$221 / 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
$6,173
Tax year 2023
Assessed value
$576,567
Assessed 2023
Previous assessed
$522,233
+10.4% YoY
Effective rate
1.07%
On assessed value
Land market value
$239,500
Improvement market value
$391,400
Total market value
$630,900
Applied tax rate
5.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
2,918 SF
Lot
1 ac (43,560 SF)
Zoning code
TMX
APN
05-020549
UPID
US40-2098801
Jurisdiction
ST MARY'S
Zoning & alternative use
TMX · Mechanicsville, MD
Zoning TMX · permitted uses
TMX · Mechanicsville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mechanicsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$640,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE 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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
1 ac
Current owner
From public records · entity-resolved
L&r Worldwide LLC
Entity
Mailing address
300 E LOMBARD ST STE #2010, BALTIMORE, MD 21202-3549
Ownership since
2022
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
Jun 28, 2022
$735,000
L&r Worldwide LLC
Slumlord LLC
Deed
—
Jan 8, 2021
—
David Macdonald & Slumlord LLC
—
Deed Of Trust
related
$125,000 · Harris F Michael Ps/tr (pt)
Jan 17, 2014
$470,000
Slumlord LLC
Earley Properties LLC
Grant Deed
$130,000 · Harris F Michael (te)
Oct 29, 2008
$450,000
Earley Properties LLC
Shope,linda S
Grant Deed
—
Apr 19, 2004
—
Linda S Shope
Shope,richard L
Quit Claim Deed
related
—
—
—
Earley Properties LLC
—
Deed Of Trust
related
$360,000 · County First Bank
—
—
Earley Properties LLC
—
Deed Of Trust
related
$60,000 · County First 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.
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