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Property profile & analytics
OFF-MARKET
Estimated value
$17,505,000
Refrigerated & Cold Storage
504 Advantage Ave, Aberdeen, MD 21001-1146
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0130311
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1993
Construction
BRICK
Total area
127,478 SF
Lot
41.72 ac (1,817,323 SF)
Zoning code
GI
APN
02-083698
UPID
US40-0130311
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
-
Northeastern supply warehouse Warehouse & Storage
-
PlastiPak Factory Production Facility
-
Gordon Food Service - Aberdeen Distribution Center Distribution Center Logistics Company
-
Northeastern Supply Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.48M
Comparable Approach
Comparable
$16.08M
Blend (final)
Blend
$17.51M
Owner & transaction history
Advantage Owner LP · 11 yrs held
Advantage Owner LP
since 2014
6 recorded transactions
Zoning & alternative use
GI · Aberdeen, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$25.7M
+13.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$15,685,000
6.5%
$14,480,000
7%
$13,445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,625,000
Current use
OFFICE BUILDING
$25,735,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$17.51M
Range $15.75M – $19.26M · ±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
$137 / 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
$287,103
Tax year 2022
Assessed value
$26,422,000
Assessed 2023
Previous assessed
$26,342,167
+0.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,734,400
Assessed improvement
$22,687,600
Land market value
$3,734,400
Improvement market value
$22,687,600
Total market value
$26,422,000
Applied tax rate
2.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Total area
127,478 SF
Lot
41.72 ac (1,817,323 SF)
Zoning code
GI
APN
02-083698
UPID
US40-0130311
Jurisdiction
HARFORD
Zoning & alternative use
GI · Aberdeen, MD
Zoning GI · permitted uses
GI · 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
WAREHOUSE, STORAGE Current
Est. value
$22.6M
OFFICE BUILDING
Est. value
$25.7M
WAREHOUSE, STORAGE Current
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
1993
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
41.72 ac
Current owner
From public records · entity-resolved
Advantage Owner LP
Entity
Mailing address
254 W 31ST ST FL #4, NEW YORK, NY 10001-2813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
—
Advantage Owner LP
—
Deed
related
$17,500,000 · Prudential Insurance Of America
Sep 16, 2014
$30,748,543
Advantage Owner LP
504 Advantage Way LLC
Grant Deed
$16,950,000 · Miscellaneous Ins Co
Aug 25, 2010
—
504 Advantage Way Sub LLC
—
Trustees Deed
related
$22,000,000 · Cbre Rlty Fin Cdo 2007-1 Ltd
Jul 26, 2007
$27,050,000
504 Advantage Way LLC
Fr Aberdeen LLC
Deed Of Trust
$23,000,000 · Cbre Rlty Fin Holdings IV
Feb 11, 2003
$20,425,000
Maryland Special Realty Corp
Supervalu Holdings INC
Grant Deed
—
—
—
504 Advantage Way Sub LLC
—
Deed Of Trust
related
$23,000,000 · Cbre Realty Fin Cdo 2007-1 Ltd
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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