OFF-MARKET
Refrigerated & Cold Storage
Entity Owned
1-yr Hold
~
Est. High Equity
Entity Owned Property summary
AI-generated overview
The property consists of approximately 41,000 square feet of warehouse space and is located on Mercedes Drive in Belcamp, Maryland. It is configured for warehouse and industrial use.
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1992
Construction
BRICK
Total area
27,640 SF
Lot
10.43 ac (454,331 SF)
Zoning code
GI
APN
01-222295
UPID
US40-2395465
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Building Supply Factory
-
Big Box & Wholesale Store Food Market
-
Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.21M
Owner & transaction history
since 2025
6 recorded transactions
Zoning & alternative use
GI · Belcamp, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.21M
Value range
$2.89M – $3.53M
±10% around blend
Estimated value / SF
$116 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$2.89M
blend $3.21M
$3.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,640 SF
Lot area
10.43 ac
Year built
1992
Stories
1
APN
01-222295
Assessed value
$11,230,300
Annual tax
$122,399
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.14M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.40M
@ 6.5% CAP return
$3.14M
@ 7% CAP return
$2.92M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.21M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 58 sales
$178
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $116/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.23M
Move the market yield to see immediate price impact.
Value / SF
$406
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$708k
$14.15M
$10.11M
$7.86M
$786k
$15.72M
$11.23M
$8.73M
$865k
$17.29M
$12.35M
$9.61M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$122,399
Tax year 2022
Assessed value
$11,230,300
Assessed 2023
Previous assessed
$11,230,300
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,720,900
Assessed improvement
$9,509,400
Land market value
$1,720,900
Improvement market value
$9,509,400
Total market value
$11,230,300
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1992
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
27,640 SF
Lot
10.43 ac (454,331 SF)
Zoning code
GI
APN
01-222295
UPID
US40-2395465
Jurisdiction
HARFORD
Zoning & alternative use
GI · Belcamp, MDZoning GI · permitted uses
GI · Belcamp, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
10.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GI
Jurisdiction
Belcamp, MD
Recorded code
GI
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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