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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Retail space
500 Hickory Dr, Aberdeen, MD 21001-3626
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US40-0754082
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
BRICK
Total area
2,600 SF
Lot
44.09 ac (1,920,560 SF)
Zoning code
M2
APN
02-091437
UPID
US40-0754082
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
-
Aberdeen National Mixing Center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$680k
Owner & transaction history
Krk Title Holder LP · 14 yrs held
Krk Title Holder LP
since 2012
7 recorded transactions
Zoning & alternative use
M2 · Aberdeen, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+25.3%
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
$745,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
RETAIL STORES
$650,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$525,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$262 / 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
$208,800
Tax year 2022
Assessed value
$22,978,200
Assessed 2023
Previous assessed
$21,902,900
+4.9% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,024,500
Assessed improvement
$20,953,700
Land market value
$2,024,500
Improvement market value
$20,953,700
Total market value
$22,978,200
Applied tax rate
200.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Total area
2,600 SF
Lot
44.09 ac (1,920,560 SF)
Zoning code
M2
APN
02-091437
UPID
US40-0754082
Jurisdiction
HARFORD
Zoning & alternative use
M2 · Aberdeen, MD
Zoning M2 · permitted uses
M2 · Aberdeen, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aberdeen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$595,000
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
44.09 ac
Current owner
From public records · entity-resolved
Krk Title Holder LP
Entity
Mailing address
254 W 31ST ST FL #4, NEW YORK, NY 10001-2813
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2022
—
Krk Title Holder LP
—
Deed
related
$45,000,000 · Provident Bank
Jan 11, 2012
$29,814,727
Krk Title Holder LP
Pac Operating LP
Grant Deed
—
Jan 21, 2004
—
Catellus Land & Dev Corp
Catellus Operating
Quit Claim Deed
related
—
May 23, 1997
—
Insurance Teachers
Aberdeen Teachers Holdings II
Quit Claim Deed
related
—
May 19, 1997
—
Aberdeen Teachers Distibution
Pulaski 40 Limited Partnership
Grant Deed
related
—
—
—
Catellus Operating LP
—
Deed Of Trust
related
$166,880 · Teachers Insurance & Annuity
—
—
Catellus Development Corp
—
Deed Of Trust
related
$1,470,000 · Cato Reit Co
—
—
Krk Title Holder LP
—
Deed Of Trust
related
$29,150,000 · Prudential Insurance Co
—
—
Catellus Development Corp
—
Deed Of Trust
related
$20,437,500 · Transamerica Occidental Life
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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