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Property profile & analytics
OFF-MARKET
Estimated value
$475,000
Specialty properties
512 Washington St Cambridge, MD 21613
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1216054
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1973
Construction
BRICK
Total area
3,634 SF
Lot
0.47 ac (20,393 SF)
Zoning code
D
APN
07-153759
UPID
US40-1216054
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
by Request
Blend (final)
Blend
$475k
Owner & transaction history
510 Washington Street LLC · 4 yrs held
510 Washington Street LLC
since 2021
5 recorded transactions
Zoning & alternative use
D · Cambridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown or Waterfront Development District (DWDD) is applied to the mixed use center of Cambridge, the district regulations are intended to promote compatibility in building form, a broad mixture of compatible land use types arranged in ways that foster efficient use of land and a walkable community.
Zone name
Downtown
General category
MIXED_USE
Zone area
278.42 ac
Source
Realmo
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 Cambridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cambridge 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
$475k
Range $428k – $523k · ±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
$131 / 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
$4,626
Tax year 2023
Assessed value
$250,300
Assessed 2023
Previous assessed
$245,100
+2.1% YoY
Effective rate
1.85%
On assessed value
Land market value
$20,300
Improvement market value
$240,400
Total market value
$260,700
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
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
3,634 SF
Lot
0.47 ac (20,393 SF)
Zoning code
D
APN
07-153759
UPID
US40-1216054
Jurisdiction
DORCHESTER
Zoning & alternative use
D · Cambridge, MDZoning D · permitted uses
D · Cambridge, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown or Waterfront Development District (DWDD) is applied to the mixed use center of Cambridge, the district regulations are intended to promote compatibility in building form, a broad mixture of compatible land use types arranged in ways that foster efficient use of land and a walkable community.
Zone name
Downtown
General category
MIXED_USE
Zone area
278.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
510 Washington Street LLC
Entity
Mailing address
510 WASHINGTON ST, CAMBRIDGE, MD 21613-2716
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
—
510 Washington Street LLC
Lorraine Thompson Henry
Quit Claim Deed
related
$564,000 · Live Oak Banking Company
Aug 31, 2021
—
510 Washington Street LLC
—
Deed
related
$564,000 · Live Oak Banking Company
Feb 26, 2014
—
Janelle Henry-buck
Henry,lorraine T
Quit Claim Deed
—
Nov 20, 2013
—
Lorraine T Henry
Henry Charles J
Quit Claim Deed
related
—
—
—
Buck,janelle H
—
Deed Of Trust
related
$110,000 · Talbot Bk/easton
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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