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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
405 High St Cambridge, MD 21613-1839
Individually Owned
11-yr Hold
Free & Clear
Property ID
US40-0206545
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1965
Construction
BRICK
Total area
2,832 SF
Lot
1.13 ac (49,285 SF)
Zoning code
D
APN
07-150520
UPID
US40-0206545
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shahzad Azam · 11 yrs held
Shahzad Azam
since 2014
4 recorded transactions
Zoning & alternative use
D · Cambridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown or Waterfront Development District (DWDD) is applied to the mixed use center of Cambridge, the district regulations are intended to promote compatibility in building form, a broad mixture of compatible land use types arranged in ways that foster efficient use of land and a walkable community.
Zone name
Downtown
General category
MIXED_USE
Zone area
278.42 ac
Source
Realmo
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 Cambridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cambridge 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,863
Tax year 2023
Assessed value
$209,000
Assessed 2023
Previous assessed
$204,200
+2.4% YoY
Effective rate
1.85%
On assessed value
Land market value
$69,200
Improvement market value
$149,400
Total market value
$218,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,832 SF
Lot
1.13 ac (49,285 SF)
Zoning code
D
APN
07-150520
UPID
US40-0206545
Jurisdiction
DORCHESTER
Zoning & alternative use
D · Cambridge, MDZoning D · permitted uses
D · Cambridge, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown or Waterfront Development District (DWDD) is applied to the mixed use center of Cambridge, the district regulations are intended to promote compatibility in building form, a broad mixture of compatible land use types arranged in ways that foster efficient use of land and a walkable community.
Zone name
Downtown
General category
MIXED_USE
Zone area
278.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Shahzad Azam
Individual
Free & Clear · 11 yrs held
Mailing address
405 HIGH ST, CAMBRIDGE, MD 21613-1839
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 18, 2014
—
Shahzad Azam
Azam,shahzad
Quit Claim Deed
related
—
Feb 23, 2007
—
Shahzad Azam
Azam,shahbaz
Quit Claim Deed
related
—
Mar 23, 2006
—
Shahbaz Azam
Azam,shahbaz
Quit Claim Deed
related
—
Jun 14, 2001
$225,000
Shahbaz Azam
Moore,marshall B
Grant Deed
$250,000 · Marshall B Moore
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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