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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Warehouses
408 Un Ave Havre De Grace, MD 21078-2827
Individually Owned
19-yr Hold
Free & Clear
Property ID
US40-2392361
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1880
Construction
BRICK
Total area
5,282 SF
Lot
0.17 ac (7,200 SF)
Zoning code
RB
APN
06-027598
UPID
US40-2392361
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
-
Bahoukas Antique Mall & Beer MuZeum Home Decor Store (Bike/Boat/Book/etc) Store
-
Havre De Grace Green Ltd Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$795k
Owner & transaction history
Charles Morris Union Avenue Ho · 19 yrs held
Charles Morris Union Avenue Ho
since 2006
5 recorded transactions
Zoning & alternative use
RB · Havre De Grace, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+40.5%
Commercial (general)
$1.2M
+29.1%
Office building
$1.1M
+13.7%
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 Havre De Grace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Havre De Grace 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$940,000
Current use
RETAIL STORES
$1,315,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,210,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,065,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$151 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,774
Tax year 2022
Assessed value
$607,433
Assessed 2023
Previous assessed
$605,667
+0.3% YoY
Effective rate
0.95%
On assessed value
Land market value
$141,000
Improvement market value
$468,200
Total market value
$609,200
Applied tax rate
600.0000
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
1880
Construction
BRICK
Heating
SPACE
Cooling
YES
Stories
2
Units
3
Total area
5,282 SF
Lot
0.17 ac (7,200 SF)
Zoning code
RB
APN
06-027598
UPID
US40-2392361
Jurisdiction
HARFORD
Zoning & alternative use
RB · Havre De Grace, MD
Zoning RB · permitted uses
RB · Havre De Grace, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Havre De Grace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$940,000
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1880
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
2
Units
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Charles Morris Union Avenue Ho
Individual
Free & Clear · 19 yrs held
Mailing address
410 N UN AVE, HAVRE DE GRACE, MD 21078-2827
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2006
$301,930
Charles Morris Union Avenue Ho
Old Chesapeake Properties LLC
Grant Deed
related
—
Dec 1, 2005
$650,000
Old Chesapeake Properties LLC
Walden,david W
Grant Deed
$660,000 · Charles N & Linda S Morris
—
—
Old Chesapeake Properties LLC
—
Deed Of Trust
related
$200,000 · Charles & Linda Morris
—
—
Old Chesapeake Properties LLC
—
Deed Of Trust
related
$615,000 · Cecil Fsb
—
—
David W Walden
—
Deed Of Trust
related
$310,000 · Nasa FCU
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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