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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
6129 Tilghman Is Rd, Tilghman, MD 21671-1227
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0540044
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
FRAME
Total area
2,130 SF
Lot
2.26 ac (98,446 SF)
APN
05-180007
UPID
US40-0540044
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$420k
Blend (final)
Blend
$570k
Owner & transaction history
Tilghman Wharf LLC · 5 yrs held
Tilghman Wharf LLC
since 2021
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$625,000
+155.1%
Retail stores
$580,000
+136.0%
Office building
$540,000
+121.1%
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 Tilghman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tilghman 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
$550,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$625,000
Change: +155% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +136% · Conversion: Moderate
OFFICE BUILDING
$540,000
Change: +121% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $575k (Apr 23 2021)
Last sale anchor
$575k
Apr 23 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
$268 / 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
$6,102
Tax year 2023
Assessed value
$713,300
Assessed 2023
Previous assessed
$754,200
-5.4% YoY
Effective rate
0.86%
On assessed value
Assessed land
$420,700
Assessed improvement
$292,600
Land market value
$420,700
Improvement market value
$292,600
Total market value
$713,300
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
2,130 SF
Lot
2.26 ac (98,446 SF)
APN
05-180007
UPID
US40-0540044
Jurisdiction
TALBOT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$625,000
RETAIL STORES
Est. value
$580,000
OFFICE BUILDING
Est. value
$540,000
COMMERCIAL (GENERAL)
RETAIL STORES
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
1960
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
2.26 ac
Current owner
From public records · entity-resolved
Tilghman Wharf LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8762 HOWETH RD, WITTMAN, MD 21676-2114
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
—
Tilghman Wharf LLC
—
Deed
related
$50,000 · Maryland Agricultural And Resource-based
Apr 23, 2021
$575,000
Tilghman Wharf LLC
Phillips Wharf Enviromental Center
Deed
—
Oct 18, 2017
—
New Markets Investment 100 LLC
—
Deed
related
$550,000 · New Markets Investment 100 LLC
Oct 17, 2013
$450,000
Wharf Environmental C Phillips
Harrison,levin F III
Grant Deed
—
—
—
Levin F Harrison III
—
Deed Of Trust
related
$250,400 · Talbot Bank Of Easton
—
—
Levin F Harrison III
—
Deed Of Trust
related
$100,000 · Talbot Bank Of Easton
—
—
Levin F Harrison III
—
Deed Of Trust
related
$250,400 · Talbot Bank Of Easton
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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