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Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Community centers
501 Eastern Blvd, Essex, MD 21221-6702
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2262430
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Construction
BRICK
Total area
40,080 SF
Lot
2.41 ac (104,980 SF)
APN
15-1505820049
UPID
US40-2262430
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
$2.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
New Life Sanctuary Mnistries INC · 4 yrs held
New Life Sanctuary Mnistries INC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
$2,805,000
ML approach
$2,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±10% · vs last sale $2.35M (Jun 22 2022)
Last sale anchor
$2.35M
Jun 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
$65 / 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
$6,001
Tax year 2023
Assessed value
$2,490,100
Assessed 2023
Previous assessed
$2,442,167
+2.0% YoY
Effective rate
0.24%
On assessed value
Assessed land
$602,500
Assessed improvement
$1,887,600
Land market value
$602,500
Improvement market value
$1,887,600
Total market value
$2,490,100
Applied tax rate
15.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
40,080 SF
Lot
2.41 ac (104,980 SF)
APN
15-1505820049
UPID
US40-2262430
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
New Life Sanctuary Mnistries INC
Entity
Mailing address
500 MARYLAND AVE, ESSEX, MD 21221-6734
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
New Life Sanctuary Ministries INC
—
Deed
related
$1,090,000 · Truist Bank
Jun 22, 2022
$2,350,000
New Life Sanctuary Mnistries INC
8725 Acquisitions LLC
Special Warranty Deed
$1,600,000 · Truist Bank
Dec 10, 2020
—
8725 Acquistions LLC
—
Deed
related
$1,800,000 · Commonwealth Capital LLC
Jun 20, 2019
—
8725 Acquisitions LLC
—
Trustees Deed
related
$250,000 · Stanley B Tulin
Feb 6, 2015
$2,489,206
8725 Acquisitions LLC
Essex Church Of God INC
Grant Deed
—
Dec 19, 2006
—
Essex Church Of God INC
—
Trustees Deed
related
$178,000 · Cap City Mortgage Corp
Jul 18, 2003
$2,800,000
Local Board Trustee
Bissell Family LLC
Grant Deed
$2,800,000 · Bradford Bank
Jun 23, 1999
$650,000
Bissell Family LLC
R T Mclean Trustee
Grant Deed
$350,000 · Sparks State Bank
—
—
Essex Church Of God INC
—
Deed Of Trust
related
$3,200,000 · Royal Bank America
—
—
Essex Church Of God INC
—
Deed Of Trust
related
$3,200,000 · Royal Bank America
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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