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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Grocery and convenience stores
3071 Solomons Is Rd, Edgewater, MD 21037-1436
Individually Owned
6-yr Hold
Free & Clear
Property ID
US40-2161954
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2020
Construction
BRICK
Total area
3,018 SF
Lot
1.14 ac (49,702 SF)
Zoning code
C3
APN
01-000-00569000
UPID
US40-2161954
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
$740k
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$745k
Owner & transaction history
State Of Md · 6 yrs held
State Of Md
since 2019
7 recorded transactions
Zoning & alternative use
C3 · Edgewater, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+54.9%
Warehouse, storage
$1.0M
+41.1%
Commercial (general)
$925,000
+29.6%
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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Current use
MEDICAL BUILDING
$1,105,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,005,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$247 / 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
$22,704
Tax year 2023
Assessed value
$2,079,100
Assessed 2023
Previous assessed
$2,031,333
+2.4% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,091,000
Assessed improvement
$988,100
Land market value
$1,091,000
Improvement market value
$988,100
Total market value
$2,079,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2020
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,018 SF
Lot
1.14 ac (49,702 SF)
Zoning code
C3
APN
01-000-00569000
UPID
US40-2161954
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Edgewater, MD
Zoning C3 · permitted uses
C3 · Edgewater, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$715,000
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2020
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
State Of Md
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 2810, LA PLATA, MD 20646-2800
Ownership since
2019
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
Nov 4, 2019
—
State Of Md
Dash In Food Stores INC
Grant Deed
—
Jun 8, 2018
—
Dash In Food Stores INC
Dash In Food Stores INC
Quit Claim Deed
related
—
Mar 1, 2018
—
Dash In Food Stores INC
Dash In Food Stores INC
Quit Claim Deed
—
Dec 29, 2011
—
Dash In Food Stores INC
The Wills Group INC
Grant Deed
—
Dec 29, 2011
$640,000
The Wills Group INC
Feldman William R
Trustees Deed
related
—
Nov 29, 2007
$1,200,000
3071 Solomons Island Rd LLC
Besche Oil Co INC
Deed
—
Jan 7, 2000
—
Department Of Transportation
Besche Oil Company INC
Grant Deed
related
—
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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