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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office buildings
415 Pennington Ave, Havre De Grace, MD 21078-2903
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0845471
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
FRAME
Total area
7,168 SF
Lot
0.15 ac (6,600 SF)
Zoning code
RB
APN
06-027229
UPID
US40-0845471
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
-
Lufburrow & Co Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Hythe Research Advertising Agency
-
River Dental: Stauffer Ross DMD Dental Office
-
Cole Chester Dental Office
-
John E. Lufburrow Jr., D.D.S. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$830k
Owner & transaction history
415 Pennington LLC · 13 yrs held
415 Pennington LLC
since 2012
3 recorded transactions
Zoning & alternative use
RB · Havre De Grace, 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 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%
$895,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,270,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$116 / 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
$5,410
Tax year 2022
Assessed value
$659,800
Assessed 2023
Previous assessed
$659,800
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$53,800
Assessed improvement
$606,000
Land market value
$53,800
Improvement market value
$606,000
Total market value
$659,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
7,168 SF
Lot
0.15 ac (6,600 SF)
Zoning code
RB
APN
06-027229
UPID
US40-0845471
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
Est. value
$1.3M
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
1967
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
415 Pennington LLC
Entity
Mailing address
1112 OAK TREE DR, HAVRE DE GRACE, MD 21078-2569
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Nov 17, 2016
—
415 Pennington LLC
—
Deed
related
$1,040,000 · Harford Bank
Aug 1, 2012
$400,000
415 Pennington LLC
Ferguson,eleanor A
Grant Deed
$320,000 · Eleanor A Ferguson
—
—
415 Pennington LLC
—
Deed Of Trust
related
$752,000 · Pnc Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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