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Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Commercial land
40 Industrial Rd, North East, MD 21901-2300
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0495299
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1989
Construction
BRICK
Total area
50,000 SF
Lot
1.97 ac (85,813 SF)
Zoning code
M1
APN
05-089549
UPID
US40-0495299
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
$5.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$4.34M
Owner & transaction history
40 Industrial Sd LLC · 4 yrs held
40 Industrial Sd LLC
since 2022
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
M1 · North East, 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 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
$5,260,000
ML approach
$5,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,335,000
Current use
WAREHOUSE, STORAGE
$5,705,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±10% · vs last sale $4.00M (Jun 29 2021)
Last sale anchor
$4.00M
Jun 29 2021
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
$87 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,351
Tax year 2024
Assessed value
$118,000
Assessed 2024
Previous assessed
$118,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$118,000
Land market value
$118,000
Total market value
$118,000
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
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Total area
50,000 SF
Lot
1.97 ac (85,813 SF)
Zoning code
M1
APN
05-089549
UPID
US40-0495299
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
COMMERCIAL (GENERAL) Current
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$5.7M
COMMERCIAL (GENERAL) Current
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
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
40 Industrial Sd LLC
Entity
Mailing address
2026 OCEAN AVE APT 1B, BROOKLYN, NY 11230-7367
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
—
40 Industrial Sd LLC
—
Deed
related
$4,500,000 · Fvcbank
May 25, 2022
$4,000,000
40 Industrial Sd LLC
40 Industrial Drive Lcl
Special Warranty Deed
$1,900,000 · 40 Industrial Drive LLC
Jun 29, 2021
—
40 Industrial Drive LLC
Regent Cabinets LLC
Special Warranty Deed
—
Jan 4, 2017
—
Regent Cabinets LLC
Maryland Food Bank INC
Grant Deed
$2,040,000 · Bank Of America
Nov 9, 2010
$1,400,000
Peninsula Holdings II LLC
Peninsula Industrial Park INC
Grant Deed
related
$1,000,000 · Peninsula Industrial Park INC
—
—
Capital Dev Associates LLC
—
Deed Of Trust
related
$100,000 · Cecil Fsb
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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