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Property profile & analytics
OFF-MARKET
Estimated value
$17,300,000
Warehouses
505 Advantage Ave, Aberdeen, MD 21001-1179
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-1065770
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
249,200 SF
Lot
28.82 ac (1,255,399 SF)
Zoning code
GI
APN
02-098342
UPID
US40-1065770
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
-
Prime Source Building Products Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.56M
Blend (final)
Blend
$17.30M
Owner & transaction history
505 Advantage Way LLC · 6 yrs held
505 Advantage Way LLC
since 2019
6 recorded transactions
Zoning & alternative use
GI · Aberdeen, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.30M
Range $15.57M – $19.03M · ±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
$69 / 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
$66,400
Tax year 2022
Assessed value
$16,831,600
Assessed 2023
Previous assessed
$16,747,767
+0.5% YoY
Effective rate
0.39%
On assessed value
Assessed land
$3,076,400
Assessed improvement
$13,755,200
Land market value
$3,076,400
Improvement market value
$13,755,200
Total market value
$16,831,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
249,200 SF
Lot
28.82 ac (1,255,399 SF)
Zoning code
GI
APN
02-098342
UPID
US40-1065770
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.
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
28.82 ac
Current owner
From public records · entity-resolved
505 Advantage Way LLC
Entity
Free & Clear · 6 yrs held
Mailing address
400 PLZ DR, SECAUCUS, NJ 07094-3605
Ownership since
2019
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
Jan 3, 2020
—
1415 Perryman Road LLC
—
Deed
related
$34,515,000 · Pgim Vip Mortgage Account LP
Aug 29, 2019
$27,442,272
505 Advantage Way LLC
Preston Franklin LLC
Grant Deed
—
Mar 13, 2019
—
501 Advantage Avenue LLC
Preston Franklin LLC
Grant Deed
—
Jun 17, 2004
$3,500,000
Preston Franklin LLC
Pp Investing Co LLC
Grant Deed
—
Dec 27, 2000
$15,500,000
Pp Investing Co LLC
Perryman Industrial LLC
Grant Deed
$8,532,000 · Provident Bank Maryland
—
—
1415 Perryman Road LLC
—
Deed Of Trust
related
$34,515,000 · Pgim Vip Mortgage Account LP
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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