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Property profile & analytics
OFF-MARKET
Estimated value
$18,880,000
Warehouses
300 Principio Pkwy, North East, MD 21901-2916
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1963443
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
CONCRETE
Total area
150,000 SF
Lot
7.61 ac (331,448 SF)
Zoning code
M2
APN
05-138978
UPID
US40-1963443
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
$14.43M
Comparable Approach
Comparable
$19.09M
Blend (final)
Blend
$18.88M
Owner & transaction history
Exeter 300 Principio LP · 1 yrs held
Exeter 300 Principio LP
since 2025
Last sale
$21.0M
2 recorded transactions
Zoning & alternative use
M2 · North East, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$29.1M
+70.1%
Retail stores
$28.5M
+66.7%
Commercial (general)
$19.0M
+11.0%
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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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%
$15,635,000
6.5%
$14,430,000
7%
$13,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,110,000
Current use
OFFICE BUILDING
$29,110,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$28,520,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$19,000,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$18.88M
Range $16.99M – $20.77M · ±10% · vs last sale $21.00M (May 20 2025)
Last sale anchor
$21.00M
May 20 2025
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
$126 / 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
$53,064
Tax year 2023
Assessed value
$10,025,400
Assessed 2023
Previous assessed
$9,903,467
+1.2% YoY
Effective rate
0.53%
On assessed value
Assessed land
$608,700
Assessed improvement
$9,416,700
Land market value
$608,700
Improvement market value
$9,416,700
Total market value
$10,025,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Units
1
Total area
150,000 SF
Lot
7.61 ac (331,448 SF)
Zoning code
M2
APN
05-138978
UPID
US40-1963443
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2 · North East, MD
Zoning M2 · permitted uses
M2 · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.1M
OFFICE BUILDING
Est. value
$29.1M
RETAIL STORES
Est. value
$28.5M
COMMERCIAL (GENERAL)
Est. value
$19.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2017
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Units
1
Lot
7.61 ac
Current owner
From public records · entity-resolved
Exeter 300 Principio LP
Entity
Mailing address
1025 S BERENDO ST OFC #100, LOS ANGELES, CA 90006-2614
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
—
Exeter 300 Principio LP
—
Deed
related
$255,635,000 · Nationwide Life & Annuity Insurance Co
May 20, 2025
$21,000,000
Exeter 300 Principio LP
U And Y Investment Md LLC
Special Warranty Deed
$14,700,000 · Eqt Exeter Industrial Core Plus Fun
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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