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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Office buildings
4620 Mercedes Dr Belcamp, MD 21017-1223
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1100706
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
BRICK
Total area
6,833 SF
Lot
7 ac (304,920 SF)
Zoning code
GI
APN
01-214322
UPID
US40-1100706
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
-
Citrus & Allied Essences Ltd Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.05M
Owner & transaction history
Cialeo INC · 8 yrs held
Cialeo INC
since 2017
4 recorded transactions
Zoning & alternative use
GI · Belcamp, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+23.5%
Commercial (general)
$1.6M
+13.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,380,000
Current use
RETAIL STORES
$1,705,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,565,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$1,215,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$153 / 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
$40,797
Tax year 2022
Assessed value
$3,789,800
Assessed 2023
Previous assessed
$3,743,167
+1.2% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,155,000
Assessed improvement
$2,634,800
Land market value
$1,155,000
Improvement market value
$2,634,800
Total market value
$3,789,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
2
Total area
6,833 SF
Lot
7 ac (304,920 SF)
Zoning code
GI
APN
01-214322
UPID
US40-1100706
Jurisdiction
HARFORD
Zoning & alternative use
GI · Belcamp, MDZoning GI · permitted uses
GI · Belcamp, 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
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
2
Lot
7 ac
Current owner
From public records · entity-resolved
Cialeo INC
Entity
Mailing address
65 S TYSON AVE, FLORAL PARK, NY 11001-1821
Ownership since
2017
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
Oct 20, 2017
—
Cialeo INC
Cialeo INC
Quit Claim Deed
related
$4,064,630 · Suntrust Bk
Dec 21, 2009
—
Trilogy Spice Extracts INC
—
Deed Of Trust
related
$6,000,000 · Manufacturers & Traders Trust
Sep 18, 2007
—
Trilogy Spice Extracts INC
Citrus & Allied Essences Ltd
Grant Deed
—
—
—
Cialeo INC
—
Deed Of Trust
related
$4,064,630 · Suntrust Bk
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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