New search
Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Manufacturing properties
603 Wedekind Dr, Woodbine, MD 21797-9481
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1377928
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Total area
4,900 SF
Lot
7.59 ac (330,751 SF)
Zoning code
I-2
APN
14-055096
UPID
US40-1377928
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
-
See Repair services General Contractor Hardware & Home Improvement
-
Atlantic Pools Inc General Contractor
-
Chesapeake Landscape Group Landscaping General Contractor
-
Arbor Valley Construction & Supply Construction Company General Contractor
-
The Ice Shack Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$830k
Owner & transaction history
Avroute 97 Real Estate LLC · 6 yrs held
Avroute 97 Real Estate LLC
since 2020
7 recorded transactions
Zoning & alternative use
I-2 · Woodbine, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+28.5%
Auto repair, garage
$850,000
+7.6%
Office building
$800,000
+0.8%
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 Woodbine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbine 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$790,000
Current use
RETAIL STORES
$1,020,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$850,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$800,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$169 / 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
$14,767
Tax year 2023
Assessed value
$1,306,800
Assessed 2023
Previous assessed
$1,060,600
+23.2% YoY
Effective rate
1.13%
On assessed value
Land market value
$1,134,600
Improvement market value
$418,400
Total market value
$1,553,000
Applied tax rate
14.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2002
Heating
SPACE
Stories
1
Units
1
Total area
4,900 SF
Lot
7.59 ac (330,751 SF)
Zoning code
I-2
APN
14-055096
UPID
US40-1377928
Jurisdiction
CARROLL
Zoning & alternative use
I-2 · Woodbine, MD
Zoning I-2 · permitted uses
I-2 · Woodbine, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodbine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$790,000
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$850,000
OFFICE BUILDING
Est. value
$800,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2002
Heating
SPACE
Stories
1
Units
1
Lot
7.59 ac
Current owner
From public records · entity-resolved
Avroute 97 Real Estate LLC
Entity
Mailing address
8046 OLD WASHINGTON RD, WOODBINE, MD 21797-9154
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
—
A V Route 97 Real Estate LLC
—
Deed
related
$1,250,000 · M & T Bank
Jun 17, 2020
—
Avroute 97 Real Estate LLC
Avrt97 Real Estate LLC
Correction Deed
related
$825,000 · M & T Bank
Feb 26, 2008
—
A V Route 97 Real Estate LLC
A V Route 97 Real Estate LLC
Deed
related
—
Jul 16, 2002
—
A V Route 97 Real Estate LLC
Wedekind,michael K
Grant Deed
$425,000 · Columbia Bank
Jul 10, 2002
—
Michael K Wedekind
RT 97 Enterprises LLC
Grant Deed
related
—
—
—
A V Route 97 Real Estate LLC
—
Deed Of Trust
related
$625,000 · Provident Bank INC
—
—
A V Route 97 Real Estate LLC
—
Deed Of Trust
related
$294,000 · Provident Bank INC
—
—
Av Route 97 Real Estate LLC
—
Deed Of Trust
related
$314,000 · Provident Bank INC
—
—
Av Route 97 Real Estate LLC
—
Deed Of Trust
related
$425,000 · Manufacturers Traders & Trust
—
—
Av Route 97 Real Estate LLC
—
Deed Of Trust
related
$375,000 · Ekb Associates LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 603 Wedekind Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
