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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Specialty properties
31 Main St Middletown, MD 21769-7933
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0653863
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1910
Construction
BRICK
Total area
4,188 SF
Lot
0.56 ac (24,600 SF)
Zoning code
R3
APN
03-133559
UPID
US40-0653863
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
Current use
Occupant on record · Public records
-
Middletown Heritage Festival Music Venue
-
Thompson Harman Funeral Home Social Service Agency
-
Middletown Town Office City Government Office
-
Middletown Municipal Center Local Government Office
-
Middletown Valley People Help Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Harman Properties LLC · 3 yrs held
Harman Properties LLC
since 2022
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
R3 · Middletown, MD
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$595,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$805,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$490,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$470,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $650k (Dec 28 2022)
Last sale anchor
$650k
Dec 28 2022
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
$7,407
Tax year 2023
Assessed value
$518,600
Assessed 2023
Previous assessed
$468,667
+10.7% YoY
Effective rate
1.43%
On assessed value
Assessed land
$111,900
Assessed improvement
$406,700
Land market value
$111,900
Improvement market value
$406,700
Total market value
$518,600
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
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1910
Construction
BRICK
Heating
HOT WATER
Buildings
2
Stories
2
Units
2
Bathrooms
1
Total area
4,188 SF
Lot
0.56 ac (24,600 SF)
Zoning code
R3
APN
03-133559
UPID
US40-0653863
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R3 · Middletown, MDZoning R3 · permitted uses
R3 · Middletown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$565,000
RETAIL STORES
Est. value
$490,000
MEDICAL BUILDING
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$440,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1910
Construction
BRICK
Heating
HOT WATER
Stories
2
Buildings
2
Units
2
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Harman Properties LLC
Entity
Mailing address
4758 FISHERS HOLW RD, MYERSVILLE, MD 21773-8239
Ownership since
2022
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
Dec 28, 2022
$650,000
Harman Properties LLC
Donald B Thompson
Deed
$1,800,000 · Donald Thompson
Jun 13, 2001
—
Donald B Thompson
Thompson,donald B
Quit Claim Deed
related
$300,000 · Middletown Valley Bank
—
—
Donald B Thompson JR
—
Deed Of Trust
related
$195,426 · Branch Bk&tr
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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