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Property profile & analytics
OFF-MARKET
Estimated value
$6,050,000
Warehouses
4608 Appliance Dr Belcamp, MD 21017-1242
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0061371
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
BRICK
Total area
800,000 SF
Lot
44.65 ac (1,944,954 SF)
Zoning code
GI
APN
01-245643
UPID
US40-0061371
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
-
Procter & Gamble Industrial Manufacturer Production Facility
-
Riverside Distribution Center Distribution Center Logistics Company
-
Noxell Corp Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.05M
Owner & transaction history
Sre Solar Origination 2 LLC · 3 yrs held
Sre Solar Origination 2 LLC
since 2023
7 recorded transactions
Zoning & alternative use
GI · Belcamp, 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 Belcamp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belcamp 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$581,248
Tax year 2022
Assessed value
$51,908,900
Assessed 2023
Previous assessed
$53,330,400
-2.7% YoY
Effective rate
1.12%
On assessed value
Assessed land
$5,090,200
Assessed improvement
$46,818,700
Land market value
$5,090,200
Improvement market value
$46,818,700
Total market value
$51,908,900
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 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
1991
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
800,000 SF
Lot
44.65 ac (1,944,954 SF)
Zoning code
GI
APN
01-245643
UPID
US40-0061371
Jurisdiction
HARFORD
Zoning & alternative use
GI · Belcamp, MD
Zoning GI · permitted uses
GI · Belcamp, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belcamp. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
44.65 ac
Current owner
From public records · entity-resolved
Sre Solar Origination 2 LLC
Entity
Mailing address
1000 WILSON BLVD STE #2400, ARLINGTON, VA 22209-3914
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
4608 Appliance Drive LLC
—
Deed
related
$612,000,000 · Jpmorgan Chase Bank NA
Jun 7, 2024
—
4608 Appliance Drive LLC
—
Deed
related
$600,000,000 · Morgan Stanley Bank NA
Jun 8, 2023
—
Sre Solar Origination 2 LLC
4608 Appliance Dr Solar LLC
Lease
—
Mar 1, 2023
—
4608 Appliance Dr Solar LLC
4608 Appliance Drive LLC
Lease
—
Dec 10, 2019
$70,700,000
4608 Appliance Drive LLC
RT Gateway LLC
Grant Deed
$48,037,660 · Bank Of America
Nov 28, 2018
—
RT Gateway LLC
—
Deed
related
$122,000,000 · Bank Of America NA
May 12, 2005
$23,300,000
Urdang Of Preston Waters-belcamp Ll
Maryland Realty Partners
Grant Deed
—
—
—
Maryland Realty Partners LP
—
Deed Of Trust
related
$2,075,000 · Bankhaus Ellwanger & Geiger
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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