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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Warehouses
4500 Quad County Ct, Mount Airy, MD 21771-4617
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-1658997
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Total area
17,004 SF
Lot
8.02 ac (349,351 SF)
Zoning code
LI
APN
18-368315
UPID
US40-1658997
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
$1.32M
Blend (final)
Blend
$1.35M
Owner & transaction history
Lah Investors LLC · 8 yrs held
Lah Investors LLC
since 2018
6 recorded transactions
Zoning & alternative use
LI · Mount Airy, 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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±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
$79 / 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
$20,336
Tax year 2023
Assessed value
$1,564,500
Assessed 2023
Previous assessed
$903,767
+73.1% YoY
Effective rate
1.30%
On assessed value
Assessed land
$524,600
Assessed improvement
$1,039,900
Land market value
$524,600
Improvement market value
$1,039,900
Total market value
$1,564,500
Applied tax rate
18.0000
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
2016
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
17,004 SF
Lot
8.02 ac (349,351 SF)
Zoning code
LI
APN
18-368315
UPID
US40-1658997
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
LI · Mount Airy, MD
Zoning LI · permitted uses
LI · Mount Airy, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
8.02 ac
Current owner
From public records · entity-resolved
Lah Investors LLC
Entity
Free & Clear · 8 yrs held
Mailing address
15648 UN CHAPEL RD, WOODBINE, MD 21797-7712
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2018
—
Lah Investors LLC
Hodgkiss,lawrence A & Pattie L
Grant Deed
related
—
Aug 16, 2017
—
Lah Investors LLC
Hodgkiss,lawrence A & Pattie L
Grant Deed
—
Jun 2, 2015
—
Lah Investments LLC
Hodgkiss Lawrence A & Pattie L
Grant Deed
—
Jul 23, 2013
$525,000
Lawrence A Hodgkiss
Dae Co LLC
Grant Deed
—
Jun 24, 1998
—
Dae Company LLC
Motie B Cuthbertson Estate
Grant Deed
related
—
Dec 5, 1997
$372,000
Allegheny Power
Motie B Cuthbertson Estate
Grant Deed
—
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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