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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
51 Main St, New Market, MD 21774-6202
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0122905
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1820
Construction
FRAME
Total area
2,738 SF
Lot
0.5 ac (21,780 SF)
Zoning code
HD RA
APN
09-231935
UPID
US40-0122905
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$650k
Owner & transaction history
Simon L Moroney · 5 yrs held
Simon L Moroney
since 2021
Last sale
$624,900
7 recorded transactions
Zoning & alternative use
HD RA · New Market, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$870,000
+43.9%
Retail stores
$610,000
+1.2%
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 New Market submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Market 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
$610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$605,000
Current use
OFFICE BUILDING
$870,000
Change: +44% · Conversion: Easy
RETAIL STORES
$610,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $625k (Apr 20 2021)
Last sale anchor
$625k
Apr 20 2021
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
$237 / 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
$7,548
Tax year 2023
Assessed value
$577,433
Assessed 2023
Previous assessed
$555,667
+3.9% YoY
Effective rate
1.31%
On assessed value
Land market value
$151,300
Improvement market value
$447,900
Total market value
$599,200
Applied tax rate
8.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1820
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
3
Total area
2,738 SF
Lot
0.5 ac (21,780 SF)
Zoning code
HD RA
APN
09-231935
UPID
US40-0122905
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
HD RA · New Market, MD
Zoning HD RA · permitted uses
HD RA · New Market, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Market. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$605,000
OFFICE BUILDING
Est. value
$870,000
RETAIL STORES
Est. value
$610,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1820
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
3
Lot
0.5 ac
Current owner
From public records · entity-resolved
Simon L Moroney
Individual
Mailing address
51 W MAIN ST, NEW MARKET, MD 21774-6202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
—
Simon L Moroney
—
Deed
related
$100,000 · Bank Of America NA
Apr 20, 2021
$624,900
Simon L Moroney
Nicolas K Odorzynski
Deed
$499,920 · First Savings Mortgage Corp
Mar 18, 2016
$269,900
Nicolas K Odorzynski
U S Bank National Association
Special Warranty Deed
$256,400 · Mclean Mortgage Corp
Oct 29, 2015
$292,222
Us Bk NA 2006-3 Tr
Devan Mark S|dion,janet M
Trustees Deed
related
—
Jan 5, 2006
$725,000
Janet M Dion
Palmer,norman E & Sandra A
Grant Deed
$580,000 · Mercantile Mortgage Co
May 31, 2000
$301,500
Norman E Palmer
Pipes,larry S & Margie W
Grant Deed
$150,000 · Seller
—
—
Norman E Palmer
—
Deed Of Trust
related
$158,300 · Bay Capital Corp
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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