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Property profile & analytics
OFF-MARKET
Office buildings
603 Ridgeville Blvd, Mount Airy, MD 21771-5249
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-2359393
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
2,664 SF
Lot
0.5 ac (21,780 SF)
Zoning code
NP
APN
13-001944
UPID
US40-2359393
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
by Request
Owner & transaction history
Andrew E Williamson · 22 yrs held
Andrew E Williamson
since 2004
5 recorded transactions
Zoning & alternative use
NP · Mount Airy, 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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,260
Tax year 2023
Assessed value
$405,800
Assessed 2023
Previous assessed
$405,800
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$185,100
Assessed improvement
$220,700
Land market value
$185,100
Improvement market value
$220,700
Total market value
$405,800
Applied tax rate
131.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
2,664 SF
Lot
0.5 ac (21,780 SF)
Zoning code
NP
APN
13-001944
UPID
US40-2359393
Jurisdiction
CARROLL
Zoning & alternative use
NP · Mount Airy, MD
Zoning NP · permitted uses
NP · Mount Airy, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Andrew E Williamson
Individual
Mailing address
603 E RIDGEVILLE BLVD, MOUNT AIRY, MD 21771-5249
Ownership since
2004
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
Jun 16, 2004
$215,000
Andrew E Williamson
Cook,scott A & Laura E
Grant Deed
$172,000 · Everbank
Jun 26, 2003
$175,000
Scott A Cook
Eyler,tr
Grant Deed
$160,500 · Ctx Mortgage Co
—
—
Andrew E Williamson
—
Deed Of Trust
related
$175,000 · M & T Bank
—
—
Andrew E Williamson
—
Deed Of Trust
related
$450,000 · M & T Bank
—
—
Williamson Properties LLC
—
Deed Of Trust
related
$450,000 · Manufacturers Traders & Trust
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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