New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,635,000
Warehouses
4 Ctr Dr, North East, MD 21901-2003
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-1168949
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
BRICK
Total area
193,440 SF
Lot
36.74 ac (1,600,394 SF)
Zoning code
M1
APN
05-108322
UPID
US40-1168949
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
$18.61M
Comparable Approach
Comparable
$12.20M
Blend (final)
Blend
$15.64M
Owner & transaction history
Center Drive Title Holder LP · 13 yrs held
Center Drive Title Holder LP
since 2013
4 recorded transactions
Zoning & alternative use
M1 · North East, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.5M
+11.0%
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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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%
$20,160,000
6.5%
$18,610,000
7%
$17,280,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,070,000
Current use
COMMERCIAL (GENERAL)
$24,505,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$15.64M
Range $14.07M – $17.20M · ±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
$81 / 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
$266,189
Tax year 2023
Assessed value
$16,800,600
Assessed 2023
Previous assessed
$16,765,133
+0.2% YoY
Effective rate
1.58%
On assessed value
Assessed land
$1,837,000
Assessed improvement
$14,963,600
Land market value
$1,837,000
Improvement market value
$14,963,600
Total market value
$16,800,600
Applied tax rate
40.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
193,440 SF
Lot
36.74 ac (1,600,394 SF)
Zoning code
M1
APN
05-108322
UPID
US40-1168949
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · North East, MD
Zoning M1 · permitted uses
M1 · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$22.1M
COMMERCIAL (GENERAL)
Est. value
$24.5M
WAREHOUSE, STORAGE Current
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
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
36.74 ac
Current owner
From public records · entity-resolved
Center Drive Title Holder LP
Entity
Mailing address
254 W 31ST ST FL #4, NEW YORK, NY 10001-2813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Dec 1, 2020
—
Center Drive Title Holder LP
—
Deed
related
$11,500,000 · Provident Bk
Aug 15, 2018
—
Center Drive Title Holder LP
—
Deed
related
$10,000,000 · Provident Bank
May 30, 2013
$19,250,000
Center Drive Title Holder LP
North East Commerce Center LLC
Grant Deed
$10,800,000 · Barclays Bank Plc
—
—
Center Drive Title Holder LP
—
Loan Modification
related
$11,500,000 · Provident Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4 Ctr Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
