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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
4884 Crisfield Hwy, Marion, MD 21838
Individually Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0738006
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
4,512 SF
Lot
2 ac (87,120 SF)
Zoning code
C-3
APN
08-160422
UPID
US40-0738006
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
$629k
Blend (final)
Blend
$630k
Owner & transaction history
James P Reese JR.
James P Reese JR.
4 recorded transactions
Zoning & alternative use
C-3 · Marion, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$880,000
+131.9%
Commercial (general)
$675,000
+77.7%
Retail stores
$625,000
+65.1%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
WAREHOUSE, STORAGE
$380,000
Current use
OFFICE BUILDING
$880,000
Change: +132% · Conversion: Difficult
COMMERCIAL (GENERAL)
$675,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$140 / 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
$5,432
Tax year 2023
Assessed value
$488,533
Assessed 2023
Previous assessed
$466,300
+4.8% YoY
Effective rate
1.11%
On assessed value
Land market value
$60,000
Improvement market value
$473,000
Total market value
$533,000
Applied tax rate
8.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
SPACE
Stories
1
Units
1
Total area
4,512 SF
Lot
2 ac (87,120 SF)
Zoning code
C-3
APN
08-160422
UPID
US40-0738006
Jurisdiction
SOMERSET
Zoning & alternative use
C-3 · Marion, MD
Zoning C-3 · permitted uses
C-3 · Marion, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$380,000
OFFICE BUILDING
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RETAIL STORES
Est. value
$625,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1994
Heating
SPACE
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
James P Reese JR.
Individual
Mailing address
27010 HEARTS DR, CRISFIELD, MD 21817-2616
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
James P Reese JR.
—
Deed Of Trust
related
$800,000 · Bank Of Delmarva NA
—
—
Connection Seafood Southern
—
Deed Of Trust
related
$554,000 · Bank Of Delmarva NA
—
—
James P Reese JR.
—
Deed Of Trust
related
$2,500,000 · Bank Of Del Mar Va
—
—
James P Reese
—
Deed Of Trust
related
$1,500,000 · Bank Of Delmarva NA
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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