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Property profile & analytics
OFF-MARKET
Office buildings
302 Edgewood Dr Funkstown, MD 21734-8183
Individually Owned
19-yr Hold
Free & Clear
Property ID
US40-2246437
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
BRICK
Total area
2,160 SF
Lot
1 ac (43,560 SF)
Zoning code
TR
APN
10-008581
UPID
US40-2246437
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
Keith A Reed · 19 yrs held
Keith A Reed
since 2007
3 recorded transactions
Zoning & alternative use
TR · Funkstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides for somewhat higher densities than the Suburban Residential District, In the Town Residential District, centralized water and sewerage facilities exist, and future development of this type can safely proceed, The Town Residential District is intended to recognize existing Town development and its logical extension, it accommodates a va…
Zone name
Town Residential District
General category
COMMERCIAL
Zone area
102.39 ac
Source
Realmo
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 Funkstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Funkstown 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
$2,192
Tax year 2023
Assessed value
$239,600
Assessed 2023
Previous assessed
$239,600
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$150,000
Assessed improvement
$89,600
Land market value
$150,000
Improvement market value
$89,600
Total market value
$239,600
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1900
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
2
Total area
2,160 SF
Lot
1 ac (43,560 SF)
Zoning code
TR
APN
10-008581
UPID
US40-2246437
Jurisdiction
WASHINGTON
Zoning & alternative use
TR · Funkstown, MDZoning TR · permitted uses
TR · Funkstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides for somewhat higher densities than the Suburban Residential District, In the Town Residential District, centralized water and sewerage facilities exist, and future development of this type can safely proceed, The Town Residential District is intended to recognize existing Town development and its logical extension, it accommodates a variety of residential uses, plus limited convenience retail commercial uses desirable to serve only residential areas
Zone name
Town Residential District
General category
COMMERCIAL
Zone area
102.39 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
2
Lot
1 ac
Current owner
From public records · entity-resolved
Keith A Reed
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 428, FUNKSTOWN, MD 21734-0428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2007
$58,200
Keith A Reed
Baldwin,greg A
Grant Deed
—
Feb 4, 2005
$210,000
Keith A Reed
Byrd,ronald K & Lillie M
Grant Deed
$210,000 · Ronald K & Lillie M Byrd
Oct 21, 2004
$200,000
Ronald K Byrd
Martin,robert L & Mary L
Grant Deed
—
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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