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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Warehouses
500 Owens Rd Queen Anne, MD 21657-1502
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1542187
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
BRICK
Total area
40,839 SF
Lot
19.35 ac (842,886 SF)
Zoning code
AG
APN
03-024393
UPID
US40-1542187
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
-
Boyle Brothers Seed Processing Agricultural Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$1.94M
Owner & transaction history
Meherrin Agricultural & Chemical Co · 2 yrs held
Meherrin Agricultural & Chemical Co
since 2024
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
AG · Queen Anne, 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 Queen Anne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Queen Anne 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
$1,940,000
ML approach
$1,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $1.94M (May 22 2024)
Last sale anchor
$1.94M
May 22 2024
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
$48 / 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
$32,611
Tax year 2023
Assessed value
$3,461,867
Assessed 2023
Previous assessed
$3,135,433
+10.4% YoY
Effective rate
0.94%
On assessed value
Land market value
$529,800
Improvement market value
$3,258,500
Total market value
$3,788,300
Applied tax rate
3.0000
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
1982
Construction
BRICK
Heating
NONE
Buildings
7
Stories
1
Units
8
Total area
40,839 SF
Lot
19.35 ac (842,886 SF)
Zoning code
AG
APN
03-024393
UPID
US40-1542187
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
AG · Queen Anne, MD
Zoning AG · permitted uses
AG · Queen Anne, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Queen Anne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
BRICK
Heating
NONE
Stories
1
Buildings
7
Units
8
Lot
19.35 ac
Current owner
From public records · entity-resolved
Meherrin Agricultural & Chemical Co
Entity
Mailing address
413 MAIN ST, SEVERN, NC 27877
Ownership since
2024
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
May 22, 2024
$1,937,994
Meherrin Agricultural & Chemical Co
Soyboy LLC
Deed
—
Dec 26, 2012
—
Soyboy LLC
Boyle,james R
Grant Deed
$1,800,000 · Midatlantic Farm Credit Aca
—
—
James R Boyle
—
Deed Of Trust
related
$2,750,000 · Midatlantic Farm Credit Aca
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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