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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
308 Main St Mount Airy, MD 21771-5349
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US40-0361049
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Total area
3,632 SF
Lot
0.49 ac (21,562 SF)
Zoning code
DTZ
APN
13-015538
UPID
US40-0361049
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
$580k
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$515k
Owner & transaction history
Bingham,tr · 23 yrs held
Bingham,tr
since 2002
2 recorded transactions
Zoning & alternative use
DTZ · Mount Airy, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$755,000
+76.0%
Auto repair, garage
$630,000
+47.2%
Office building
$590,000
+38.0%
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
RETAIL STORES
$755,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$425,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$142 / 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
$5,323
Tax year 2023
Assessed value
$410,700
Assessed 2023
Previous assessed
$410,700
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$215,600
Assessed improvement
$195,100
Land market value
$215,600
Improvement market value
$195,100
Total market value
$410,700
Applied tax rate
131.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Heating
HEAT PUMP
Stories
2
Units
1
Bathrooms
2
Total area
3,632 SF
Lot
0.49 ac (21,562 SF)
Zoning code
DTZ
APN
13-015538
UPID
US40-0361049
Jurisdiction
CARROLL
Zoning & alternative use
DTZ · Mount Airy, MD
Zoning DTZ · permitted uses
DTZ · Mount Airy, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$430,000
RETAIL STORES
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$630,000
OFFICE BUILDING
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$425,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1880
Heating
HEAT PUMP
Stories
2
Units
1
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Bingham,tr
Individual
Mailing address
308 S MAIN ST, MOUNT AIRY, MD 21771-5349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Nov 22, 2002
$325,000
Bingham,tr
Kotlicky,m
Grant Deed
$250,000 · Damascus Community Bank
—
—
Bingham Jacquelyn L Trust
—
Deed Of Trust
related
$500,000 · Damascus Community Bank
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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