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Property profile & analytics
OFF-MARKET
Auto shops
29240 3rd Notch Rd, Mechanicsville, MD 20659
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0212968
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,208 SF
Lot
0.67 ac (29,185 SF)
Zoning code
TMX
APN
05-005256
UPID
US40-0212968
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Leb Investment Properties LLC · 13 yrs held
Leb Investment Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
TMX · Mechanicsville, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$4,852
Tax year 2023
Assessed value
$450,767
Assessed 2023
Previous assessed
$427,233
+5.5% YoY
Effective rate
1.08%
On assessed value
Land market value
$232,600
Improvement market value
$241,700
Total market value
$474,300
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
2
Total area
2,208 SF
Lot
0.67 ac (29,185 SF)
Zoning code
TMX
APN
05-005256
UPID
US40-0212968
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.
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Leb Investment Properties LLC
Entity
Mailing address
PO BOX 86, MECHANICSVILLE, MD 20659-0086
Ownership since
2013
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 20, 2018
—
Leb Investment Properties LLC
—
Deed
related
$673,000 · Community Bk/chesapeake
Oct 6, 2017
—
Leb Investment Properties LLC
—
Deed
related
$250,000 · Community Bk/chesapeake
Apr 8, 2013
$400,000
Leb Investment Properties LLC
Daniel R Clark
Deed
$400,000 · Community Bank Of Tri-county
Jun 30, 2000
$145,000
Daniel R Clark
Clark,mary L
Grant Deed
related
$145,000 · Seller
—
—
Leb Investment Properties LLC
—
Deed Of Trust
related
$250,000 · Community Bk/chesapeake
—
—
Leb Investment Properties LLC
—
Deed Of Trust
related
$700,000 · Community Bk/chesapeake
—
—
Leb Investment Properties LLC
—
Deed Of Trust
related
$673,000 · Community Bk/chesapeake
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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