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Property profile & analytics
OFF-MARKET
Estimated value
$43,875,000
Warehouses
65 Dover NE Rd, Glen Burnie, MD 21060
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0493103
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2011
Total area
141,480 SF
Lot
2.01 ac (87,556 SF)
Zoning code
C4
APN
05-000-90035487
UPID
US40-0493103
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
$50.50M
Blend (final)
Blend
$43.88M
Owner & transaction history
Trea Sp III Glen Burnie Maryla · 7 yrs held
Trea Sp III Glen Burnie Maryla
since 2019
5 recorded transactions
Zoning & alternative use
C4 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$68.7M
+45.7%
Auto repair, garage
$60.2M
+27.6%
Industrial (general)
$59.3M
+25.7%
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 Glen Burnie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Burnie 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
WAREHOUSE, STORAGE
$47,180,000
Current use
RESTAURANT
$68,735,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$60,175,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$59,280,000
Change: +26% · Conversion: Easy
RETAIL STORES
$58,630,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$51,805,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$43.88M
Range $39.49M – $48.26M · ±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
$310 / 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
$218,681
Tax year 2023
Assessed value
$20,025,767
Assessed 2023
Previous assessed
$19,363,200
+3.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,105,500
Improvement market value
$20,245,400
Total market value
$21,350,900
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Heating
NONE
Stories
4
Units
1
Total area
141,480 SF
Lot
2.01 ac (87,556 SF)
Zoning code
C4
APN
05-000-90035487
UPID
US40-0493103
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Glen Burnie, MD
Zoning C4 · permitted uses
C4 · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Burnie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$47.2M
RESTAURANT
Est. value
$68.7M
AUTO REPAIR, GARAGE
Est. value
$60.2M
INDUSTRIAL (GENERAL)
Est. value
$59.3M
RETAIL STORES
Est. value
$58.6M
MEDICAL BUILDING
Est. value
$51.8M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL 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
2011
Heating
NONE
Stories
4
Units
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Trea Sp III Glen Burnie Maryla
Individual
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2019
$19,500,000
Trea Sp III Glen Burnie Maryla
Dover Dev Group LLC
Grant Deed
—
Dec 16, 2010
$2,100,000
Dover Dev Group LLC
Two Farms LLC
Grant Deed
$6,500,000 · Eagle Bank
Oct 31, 2007
$5,150,000
Two Farms INC
Swanson Realty Co LLC
Grant Deed
—
Nov 25, 2003
$3,300,000
Swanson Realty Co LLC
Argonaut Holdings INC
Grant Deed
$2,960,000 · General Motors Acceptance Corp
Dec 16, 1999
$3,200,000
Argonaut Holdings INC
Dover Associates
Grant Deed
related
—
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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