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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
423 Edgewood Rd Edgewood, MD 21040-3333
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0329649
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
BRICK
Total area
4,728 SF
Lot
0.41 ac (17,946 SF)
Zoning code
B2
APN
01-069799
UPID
US40-0329649
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
-
Next Level Business Solutions, LLC Accounting Firm Tax Preparation
-
Creative Journeys Learning Center Daycare Center
-
Lets Drive Driving School Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$445k
Blend (final)
Blend
$530k
Owner & transaction history
Village Holdings LLC · 7 yrs held
Village Holdings LLC
since 2018
4 recorded transactions
Zoning & alternative use
B2 · Edgewood, 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 Edgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewood 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
$325,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$840,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$112 / 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
$6,726
Tax year 2022
Assessed value
$620,500
Assessed 2023
Previous assessed
$617,100
+0.6% YoY
Effective rate
1.08%
On assessed value
Assessed land
$112,000
Assessed improvement
$508,500
Land market value
$112,000
Improvement market value
$508,500
Total market value
$620,500
Applied tax rate
1.0000
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
1966
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
4,728 SF
Lot
0.41 ac (17,946 SF)
Zoning code
B2
APN
01-069799
UPID
US40-0329649
Jurisdiction
HARFORD
Zoning & alternative use
B2 · Edgewood, MDZoning B2 · permitted uses
B2 · Edgewood, 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
Est. value
$840,000
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
1966
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Village Holdings LLC
Entity
Mailing address
423 EDGEWOOD RD, EDGEWOOD, MD 21040-3333
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Aug 9, 2018
$575,000
Village Holdings LLC
Four Twenty Three Edgewood Road LLC
Deed
$551,700 · Suntrust Bank
Aug 31, 2016
—
Four Twenty Three Edgewood Road LLC
—
Deed
related
$475,000 · Cfg Community Bank
Nov 12, 2004
—
Four Twenty Three Edgewood Road
Stran,stephen W & Julia E
Grant Deed
related
—
Dec 10, 2001
$165,000
Stephen W Stran
7-eleven INC
Grant Deed
$120,000 · First Mariner 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.
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