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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Apartment buildings
5 Main St 6, Keedysville, MD 21756-1337
Individually Owned
4-yr Hold
Free & Clear
Property ID
US40-0558173
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1862
Total area
5,013 SF
Lot
0.24 ac (10,672 SF)
Zoning code
U
APN
19-002020
UPID
US40-0558173
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
-
Smith Renovations, LLC Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
George B Gundes · 4 yrs held
George B Gundes
since 2022
Last sale
$530,000
4 recorded transactions
Zoning & alternative use
U · Keedysville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Keedysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keedysville 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
$485,000
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$735,000
Change: 0% · Conversion: Moderate
RESTAURANT
$680,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$660,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$475,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$400,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $530k (Apr 22 2022)
Last sale anchor
$530k
Apr 22 2022
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
$101 / 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
$2,463
Tax year 2023
Assessed value
$269,200
Assessed 2023
Previous assessed
$269,200
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$70,300
Assessed improvement
$198,900
Land market value
$70,300
Improvement market value
$198,900
Total market value
$269,200
Applied tax rate
190.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1862
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
6
Bathrooms
5
Total area
5,013 SF
Lot
0.24 ac (10,672 SF)
Zoning code
U
APN
19-002020
UPID
US40-0558173
Jurisdiction
WASHINGTON
Zoning & alternative use
U · Keedysville, MD
Zoning U · permitted uses
U · Keedysville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Keedysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$740,000
MEDICAL BUILDING
Est. value
$735,000
RESTAURANT
Est. value
$680,000
OFFICE BUILDING
Est. value
$660,000
RETAIL STORES
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$400,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1862
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
6
Bathrooms
5
Lot
0.24 ac
Current owner
From public records · entity-resolved
George B Gundes
Individual
Free & Clear · 4 yrs held
Mailing address
2410 ALTON RD, MIAMI BEACH, FL 33140-4257
Ownership since
2022
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
Apr 22, 2022
$530,000
George B Gundes
3&5 Main Street LLC
Deed
—
Jun 21, 2005
$369,900
David Wright
Strong,matthew T & Tracey L
Grant Deed
$314,415 · Frederick County Bank
Nov 17, 2004
$500,000
Matthew T Strong
Grimms Investments LLC
Grant Deed
$350,000 · Woodsboro Bank
Jul 20, 1999
$300,000
Grimms Investments LLC Co
Monument Dev Co
Grant Deed
related
—
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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