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Property profile & analytics
OFF-MARKET
Estimated value
$99,320,000
Distribution centers
601 Chelsea Rd Aberdeen, MD 21001-4306
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0177548
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
BRICK
Total area
884,344 SF
Lot
125.8 ac (5,479,848 SF)
Zoning code
GI
APN
02-097036
UPID
US40-0177548
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
-
Rite Aid Distribution Center Warehouse & Storage
-
Staffmark Employment Agency
-
Rite Aid Distribution Aberdeen Md Distribution Center Logistics Company
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$100.44M
Comparable Approach
Comparable
$100.29M
Blend (final)
Blend
$99.32M
Owner & transaction history
Cpus 601 Chelsea Road LP · 5 yrs held
Cpus 601 Chelsea Road LP
since 2021
Last sale
$98.3M
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
$126,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$108,805,000
6.5%
$100,440,000
7%
$93,265,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$156,970,000
Current use
Blend value · Realmo final
$99.32M
Range $89.39M – $109.25M · ±10% · vs last sale $98.28M (Jun 30 2021)
Last sale anchor
$98.28M
Jun 30 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
$112 / 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
$478,152
Tax year 2022
Assessed value
$43,871,200
Assessed 2023
Previous assessed
$43,871,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$13,412,700
Assessed improvement
$30,458,500
Land market value
$13,412,700
Improvement market value
$30,458,500
Total market value
$43,871,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Total area
884,344 SF
Lot
125.8 ac (5,479,848 SF)
Zoning code
GI
APN
02-097036
UPID
US40-0177548
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
$157.0M
WAREHOUSE, STORAGE Current
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
1998
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
125.8 ac
Current owner
From public records · entity-resolved
Cpus 601 Chelsea Road LP
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 638, ADDISON, TX 75001-0638
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$98,275,350
Cpus 601 Chelsea Road LP
601 Chelsea Owner LLC
Special Warranty Deed
—
Nov 17, 2020
$650,000
Chelsea Owner LLC
Rite Aid Realty Corp
Grant Deed
related
—
Nov 9, 2020
$650,000
601 Chelsea Owner LLC
Rite Aid Rlty Corp
Grant Deed
—
Nov 2, 2020
—
Rite Aid Realty Corp
Wells Fargo Trust Co
Grant Deed
—
Jun 27, 2001
$55,000,000
Fargo Northwest NA Ttee Wells
Smbc Leasing & Finance INC
Grant Deed
related
$55,000,000 · Citicorp USA Corp Trustee
Jun 5, 1997
$7,529,200
Sumitomo Bank Lsing & Fin INC
F O Michael & Bro
Grant Deed
related
—
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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