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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Investment properties
612 Race St Cambridge, MD 21613
Entity Owned
~
Est. High Equity
Property ID
US40-0714198
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
BRICK
Total area
21,724 SF
Lot
1.22 ac (53,000 SF)
Zoning code
C-2
APN
07-149123
UPID
US40-0714198
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
-
Trendsettaz Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.03M
Owner & transaction history
Race Street Apartments LLC
Race Street Apartments LLC
since 2025
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
C-2 · Cambridge, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $975k (Jul 22 2025)
Last sale anchor
$975k
Jul 22 2025
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
$47 / 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
$8,059
Tax year 2023
Assessed value
$436,000
Assessed 2023
Previous assessed
$430,900
+1.2% YoY
Effective rate
1.85%
On assessed value
Land market value
$106,000
Improvement market value
$340,200
Total market value
$446,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
STEAM
Stories
2
Units
18
Total area
21,724 SF
Lot
1.22 ac (53,000 SF)
Zoning code
C-2
APN
07-149123
UPID
US40-0714198
Jurisdiction
DORCHESTER
Zoning & alternative use
C-2 · Cambridge, MD
Zoning C-2 · permitted uses
C-2 · Cambridge, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cambridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
BRICK
Heating
STEAM
Stories
2
Units
18
Lot
1.22 ac
Current owner
From public records · entity-resolved
Race Street Apartments LLC
Entity
Mailing address
200 TRENTON ST, CAMBRIDGE, MD 21613-2407
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
$975,000
Race Street Apartments LLC
Joint Asset Trust
Deed
$780,000 · Hebron Savings Bank
Aug 27, 2019
$1,180,000
Powell C C Joint Asset Trust
Blackwater Land Co LLC
Grant Deed
related
$840,000 · Hebron Svgs Bk
Aug 26, 2019
—
Blackwater Land Co LLC
Blackwater Land Co LLC
Quit Claim Deed
related
—
Nov 1, 2018
—
Blackwater Land Company LLC
—
Deed
related
$630,000 · Hebron Savings Bank
Jun 30, 2010
$450,000
Blackwater Land Co LLC
Keene,kevin
Trustees Deed
—
Feb 10, 2004
$430,000
Wen Properties
Plesant Corp
Grant Deed
$438,000 · Bank Of The Eastern Shore
—
—
Wen Properties LLC
—
Deed Of Trust
related
$135,000 · Bank Of The Eastern Shore
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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