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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Refrigerated & Cold Storage
3965 Ocean Gtwy, Trappe, MD 21673-1923
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1032455
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1964
Construction
BRICK
Total area
24,831 SF
Lot
20.57 ac (896,029 SF)
Zoning code
A2
APN
03-124037
UPID
US40-1032455
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
-
Trappe Packing Corporation Grocery & Convenience Store Food Market
-
Paris Foods Corporation Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.70M
Owner & transaction history
Trappe Packing Corporation · 4 yrs held
Trappe Packing Corporation
since 2021
4 recorded transactions
Zoning & alternative use
A2 · Trappe, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Trappe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trappe 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$68 / 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
$25,052
Tax year 2023
Assessed value
$2,303,600
Assessed 2023
Previous assessed
$2,282,100
+0.9% YoY
Effective rate
1.09%
On assessed value
Assessed land
$815,700
Assessed improvement
$1,487,900
Land market value
$815,700
Improvement market value
$1,487,900
Total market value
$2,303,600
Applied tax rate
3.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
NONE
Buildings
5
Stories
1
Units
5
Total area
24,831 SF
Lot
20.57 ac (896,029 SF)
Zoning code
A2
APN
03-124037
UPID
US40-1032455
Jurisdiction
TALBOT
Zoning & alternative use
A2 · Trappe, MD
Zoning A2 · permitted uses
A2 · Trappe, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Trappe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
BRICK
Heating
NONE
Stories
1
Buildings
5
Units
5
Lot
20.57 ac
Current owner
From public records · entity-resolved
Trappe Packing Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
3965 OCEAN GTWY, TRAPPE, MD 21673-1923
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Paris Foods Ccorporation
—
Deed
related
$1,900,000 · Pnc Bank NA
Sep 7, 2021
—
Trappe Packing Corporation
Paris Holding Company
Correction Deed
related
—
Aug 20, 2021
—
Paris Foods Corporation
Paris Holding Company
Correction Deed
related
—
Sep 30, 2020
—
Paris Foods Corporation
Paris Holding Company
Quit Claim Deed
related
$4,125,000 · Citizens Bank NA
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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