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Property profile & analytics
OFF-MARKET
Day care centers
605 Rdg Ave Mount Airy, MD 21771-5223
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1316329
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,420 SF
Lot
2 ac (87,120 SF)
Zoning code
RE
APN
13-028486
UPID
US40-1316329
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
William Hauptman · 2 yrs held
William Hauptman
since 2024
3 recorded transactions
Zoning & alternative use
RE · Mount Airy, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
es § 112-20 Zoning Administration. § 112-21 Zoning certificate. § 112-22 Remedies and violations and penalties; costs of enforcement. Article IV Provisions Governing Residential Districts § 112-23 R-1 District. § 112-24 RE Residential-Existing District. § 112-25 R2 District. § 112-26 R3 District. § 112-27 R5 District. § 112-28 R7 District. § 112-29 Conservat…
Zone name
Residential Existing
General category
RESIDENTIAL
Zone area
1,020.03 ac
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
$7,301
Tax year 2023
Assessed value
$563,300
Assessed 2023
Previous assessed
$563,300
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$217,800
Assessed improvement
$345,500
Land market value
$217,800
Improvement market value
$345,500
Total market value
$563,300
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,420 SF
Lot
2 ac (87,120 SF)
Zoning code
RE
APN
13-028486
UPID
US40-1316329
Jurisdiction
CARROLL
Zoning & alternative use
RE · Mount Airy, MDZoning RE · permitted uses
RE · Mount Airy, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
es § 112-20 Zoning Administration. § 112-21 Zoning certificate. § 112-22 Remedies and violations and penalties; costs of enforcement. Article IV Provisions Governing Residential Districts § 112-23 R-1 District. § 112-24 RE Residential-Existing District. § 112-25 R2 District. § 112-26 R3 District. § 112-27 R5 District. § 112-28 R7 District. § 112-29 Conservation District. § 112-30 Required lot area, lot width, and yards in residential dist
Zone name
Residential Existing
General category
RESIDENTIAL
Zone area
1,020.03 ac
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
William Hauptman
Individual
Mailing address
302 WATERSVILLE RD, MOUNT AIRY, MD 21771-5542
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
—
William Hauptman
William Hauptman
Deed
related
—
Mar 12, 2018
—
William Hauptman
—
Deed
related
$291,000 · Carroll Community Bank
—
—
William Hauptman
—
Deed Of Trust
related
$575,000 · Damascus Community Bank
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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