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Property profile & analytics
OFF-MARKET
Estimated value
$18,555,000
Warehouses
4625 Joyce Pl White Plains, MD 20695-4198
Individually Owned
5-yr Hold
Free & Clear
Property ID
US40-0661351
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
61,020 SF
Lot
2.23 ac (96,921 SF)
Zoning code
PUD
APN
06-357050
UPID
US40-0661351
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
$11.24M
Comparable Approach
Comparable
$20.89M
Blend (final)
Blend
$18.56M
Owner & transaction history
Ess Storage Acquisition Forty Seven · 5 yrs held
Ess Storage Acquisition Forty Seven
since 2021
Last sale
$18.0M
3 recorded transactions
Zoning & alternative use
PUD · White Plains, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.5M
+20.4%
Restaurant
$17.1M
+18.1%
Commercial (general)
$16.5M
+13.6%
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 White Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Plains 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
$18,950,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,175,000
6.5%
$11,235,000
7%
$10,435,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,505,000
Current use
OFFICE BUILDING
$17,465,000
Change: +20% · Conversion: Difficult
RESTAURANT
$17,135,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,470,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$13,280,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$18.56M
Range $16.70M – $20.41M · ±10% · vs last sale $18.00M (Jun 21 2021)
Last sale anchor
$18.00M
Jun 21 2021
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
$304 / 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
$189,285
Tax year 2023
Assessed value
$17,003,000
Assessed 2024
Previous assessed
$14,349,733
+18.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$985,200
Assessed improvement
$16,017,800
Land market value
$985,200
Improvement market value
$16,017,800
Total market value
$17,003,000
Applied tax rate
6.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Units
871
Total area
61,020 SF
Lot
2.23 ac (96,921 SF)
Zoning code
PUD
APN
06-357050
UPID
US40-0661351
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PUD · White Plains, MD
Zoning PUD · permitted uses
PUD · White Plains, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Plains. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.5M
OFFICE BUILDING
Est. value
$17.5M
RESTAURANT
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$16.5M
RETAIL STORES
Est. value
$13.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
2019
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
2
Units
871
Lot
2.23 ac
Current owner
From public records · entity-resolved
Ess Storage Acquisition Forty Seven
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
$18,000,000
Ess Storage Acquisition Forty Seven
St Charles Self Storage LLC
Deed
—
Nov 1, 2019
—
St Charles Self Storage LLC
—
Deed
related
$5,054,799 · Community Bk/the Chesapeake
—
—
St Charles Self Storage LLC
—
Deed Of Trust
related
$5,054,799 · Community Bk/the Chesapeake
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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