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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Manufacturing properties
29088 Airpark Dr, Easton, MD 21601-7000
Entity Owned
12-yr Hold
Free & Clear
Property ID
US40-1549598
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
BRICK
Total area
38,760 SF
Lot
5.25 ac (228,690 SF)
APN
01-004948
UPID
US40-1549598
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
-
Shore Monthly Publishing House
-
Times-Record Publishing House Newspaper & Magazine
-
NXC Media Advertising Agency Marketing & Advertising
-
Dorchester Star Publishing House Newspaper & Magazine
-
APG Media of Chesapeake Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$750k
Owner & transaction history
Apg Real Properties LLC · 12 yrs held
Apg Real Properties LLC
since 2014
6 recorded transactions
Zoning & alternative use
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 Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton 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
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$19 / 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
$8,704
Tax year 2023
Assessed value
$1,204,700
Assessed 2023
Previous assessed
$1,204,700
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$459,300
Assessed improvement
$745,400
Land market value
$459,300
Improvement market value
$745,400
Total market value
$1,204,700
Applied tax rate
1.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
38,760 SF
Lot
5.25 ac (228,690 SF)
APN
01-004948
UPID
US40-1549598
Jurisdiction
TALBOT
Zoning & alternative use
Zoning · permitted uses
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
1965
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
5.25 ac
Current owner
From public records · entity-resolved
Apg Real Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 600, EASTON, MD 21601-0600
Ownership since
2014
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
Apr 7, 2014
$659,700
Apg Real Properties LLC
Acm Chesapeake LLC
Grant Deed
—
Apr 7, 2014
$1,278,300
Apg Real Properties LLC
Acm Chesapeake LLC
Grant Deed
—
Jan 9, 2008
—
Acm Chesapeake LLC
Chesapeake Publishing Corp
Quit Claim Deed
related
—
Jan 9, 2008
$385,000
Acm Chesapeake LLC
Chesapeake Publishing Corp
Grant Deed
related
—
—
—
Apg Real Properties LLC
—
Deed Of Trust
related
$2,403,750 · Talbot Bk/easton
—
—
Acm Chesapeake LLC
—
Deed Of Trust
related
$1,578,800 · Royal Bank Of Canada
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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