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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Warehouses
41 Baltimore St Funkstown, MD 21734
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US40-1386338
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1828
Construction
BRICK
Total area
9,123 SF
Lot
0.45 ac (19,481 SF)
Zoning code
RSPUD
APN
10-001609
UPID
US40-1386338
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
$965k
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$770k
Owner & transaction history
White House On The Corner Big · 24 yrs held
White House On The Corner Big
since 2002
3 recorded transactions
Zoning & alternative use
RSPUD · Funkstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+60.1%
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 Funkstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Funkstown 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%
$1,050,000
6.5%
$965,000
7%
$900,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$715,000
Current use
COMMERCIAL (GENERAL)
$1,150,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$84 / 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
$6,077
Tax year 2023
Assessed value
$664,100
Assessed 2023
Previous assessed
$664,100
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$74,400
Assessed improvement
$589,700
Land market value
$74,400
Improvement market value
$589,700
Total market value
$664,100
Applied tax rate
100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1828
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
2
Units
2
Bathrooms
3
Total area
9,123 SF
Lot
0.45 ac (19,481 SF)
Zoning code
RSPUD
APN
10-001609
UPID
US40-1386338
Jurisdiction
WASHINGTON
Zoning & alternative use
RSPUD · Funkstown, MDZoning RSPUD · permitted uses
RSPUD · Funkstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
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
1828
Construction
BRICK
Heating
FORCED AIR
Stories
2
Buildings
2
Units
2
Bathrooms
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
White House On The Corner Big
Individual
Mailing address
123 W PO BOX 430TH ST, FUNKSTOWN, MD 21734-0430
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2019
—
Big White House On The Corner LLC
—
Deed
related
$205,000 · Jefferson Bank
Feb 15, 2002
$425,000
White House On The Corner Big
Engstrom,george C & Carol B
Grant Deed
$400,000 · George C & Carol B Engstrom
—
—
Big White House Of Corner LLC
—
Deed Of Trust
related
$135,000 · Jefferson Sec 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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