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Property profile & analytics
OFF-MARKET
Estimated value
$245,000
Day care centers
609 Governors Ave Cambridge, MD 21613-2939
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1104475
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1972
Construction
BRICK
Total area
2,592 SF
Lot
0.69 ac (30,000 SF)
Zoning code
NC-2
APN
07-174527
UPID
US40-1104475
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
-
Dreams of Wings Childcare Enrichment Center LLC. Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
Dreams Of Wings Childcare Enrichmen · 4 yrs held
Dreams Of Wings Childcare Enrichmen
since 2021
Last sale
$230,000
2 recorded transactions
Zoning & alternative use
NC-2 · Cambridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Conservation districts is applied to residential neighborhoods that predate the adoption of city zoning regulations and exhibit primarily single family residential character, the intent is to maintain the character of neighborhoods including the setting for important historic and cultural resources.
Zone name
Neighborhood Conservation 2
General category
RESIDENTIAL
Zone area
305.73 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
$245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$245k
Range $221k – $270k · ±10% · vs last sale $230k (Dec 27 2021)
Last sale anchor
$230k
Dec 27 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
$95 / 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
$3,135
Tax year 2023
Assessed value
$169,600
Assessed 2023
Previous assessed
$167,200
+1.4% YoY
Effective rate
1.85%
On assessed value
Land market value
$41,000
Improvement market value
$133,400
Total market value
$174,400
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1972
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,592 SF
Lot
0.69 ac (30,000 SF)
Zoning code
NC-2
APN
07-174527
UPID
US40-1104475
Jurisdiction
DORCHESTER
Zoning & alternative use
NC-2 · Cambridge, MDZoning NC-2 · permitted uses
NC-2 · Cambridge, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Conservation districts is applied to residential neighborhoods that predate the adoption of city zoning regulations and exhibit primarily single family residential character, the intent is to maintain the character of neighborhoods including the setting for important historic and cultural resources.
Zone name
Neighborhood Conservation 2
General category
RESIDENTIAL
Zone area
305.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Dreams Of Wings Childcare Enrichmen
Individual
Mailing address
609 GOVERNORS AVE, CAMBRIDGE, MD 21613-2939
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$230,000
Dreams Of Wings Childcare Enrichmen
Shirley Arlene Peters
Deed
$172,500 · The Queenstown Bank Of Maryland
—
—
Shirley A Peters
—
Deed Of Trust
related
$85,000 · 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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