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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Commercial land
400 Middletown Pkwy, Middletown, MD 21769-7760
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-1648484
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2019
Total area
7,280 SF
Lot
0.59 ac (25,645 SF)
Zoning code
GC
APN
03-174158
UPID
US40-1648484
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
$790k
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$665k
Owner & transaction history
Thomas J Conway · 1 yrs held
Thomas J Conway
since 2024
7 recorded transactions
Zoning & alternative use
GC · Middletown, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$91 / 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
$5,400
Tax year 2023
Assessed value
$384,600
Assessed 2023
Previous assessed
$384,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$384,600
Land market value
$384,600
Total market value
$384,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2019
Heating
NONE
Total area
7,280 SF
Lot
0.59 ac (25,645 SF)
Zoning code
GC
APN
03-174158
UPID
US40-1648484
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
GC · Middletown, MD
Zoning GC · permitted uses
GC · Middletown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Lot
0.59 ac
Current owner
From public records · entity-resolved
Thomas J Conway
Individual
Free & Clear · 1 yrs held
Mailing address
2410 EVERGREEN RD STE #104, GAMBRILLS, MD 21054-1979
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2024
—
Thomas J Conway
Thomas J Conway
Deed
related
—
Oct 19, 2020
—
Thomas J Conway
—
Deed
related
$3,150,000 · Capstar Bank
Mar 1, 2017
—
State Highway Administration
Middletown Vly Investment Part
Grant Deed
related
—
Jan 22, 2015
$1,300,000
Middletown Valley Investment
Roderick M C Trust
Grant Deed
—
Jan 6, 2015
—
Newton,nancy R|roderick,marianne C Trust
Newton,nancy R
Quit Claim Deed
related
—
Apr 11, 2007
—
Roderick Marianne C Trust
Roderick,marianne C
Quit Claim Deed
related
—
Nov 14, 2005
—
Raymond L Roderick
Roderick,raymond L & Anna M
Quit Claim Deed
related
—
—
—
Middletown Vly Invs Ptrs LLC
—
Loan Modification
related
$859,155 · United 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.
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