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Property profile & analytics
OFF-MARKET
Estimated value
$10,535,000
Industrial properties
4840 Winchester Blvd Adamstown, MD 21710-7845
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-1449782
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,440 SF
Lot
6.5 ac (283,140 SF)
Zoning code
LI
APN
01-038893
UPID
US40-1449782
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
by Request
Blend (final)
Blend
$10.54M
Owner & transaction history
Cabot IV-md1w09-w10 LLC · 11 yrs held
Cabot IV-md1w09-w10 LLC
since 2015
4 recorded transactions
Zoning & alternative use
LI · Adamstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.9M
+36.1%
Restaurant
$10.8M
+34.2%
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 Adamstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adamstown 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,025,000
Current use
OFFICE BUILDING
$10,920,000
Change: +36% · Conversion: Difficult
RESTAURANT
$10,770,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$7,685,000
Change: -4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,590,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$10.54M
Range $9.48M – $11.59M · ±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
$306 / 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
$77,624
Tax year 2023
Assessed value
$6,501,333
Assessed 2023
Previous assessed
$5,810,067
+11.9% YoY
Effective rate
1.19%
On assessed value
Land market value
$849,300
Improvement market value
$6,343,300
Total market value
$7,192,600
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 Sale
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
34,440 SF
Lot
6.5 ac (283,140 SF)
Zoning code
LI
APN
01-038893
UPID
US40-1449782
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
LI · Adamstown, MD
Zoning LI · permitted uses
LI · Adamstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Adamstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.0M
OFFICE BUILDING
Est. value
$10.9M
RESTAURANT
Est. value
$10.8M
RETAIL STORES
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
6.5 ac
Current owner
From public records · entity-resolved
Cabot IV-md1w09-w10 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2015
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
May 1, 2024
—
Breit Industrial Canyon Md1w09 W10
—
Deed
related
$1,700,000 · Bank Of America NA
Mar 27, 2018
—
Breit Indl Cyn Md1w09-w10 LLC
—
Grant Deed
related
$1,100,000,000 · Miscellaneous Ins Co
Mar 13, 2015
$5,500,000
Cabot IV-md1w09-w10 LLC
Stanford Trading II LLC
Grant Deed
—
—
—
Cabot IV-md1m01 LLC
—
Deed Of Trust
related
$251,170,000 · Wells Fargo 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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