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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Manufacturing properties
65 Engerman Ave, Denton, MD 21629-2003
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1405585
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Construction
BRICK
Total area
52,775 SF
Lot
5.11 ac (222,592 SF)
Zoning code
LI
APN
03-031454
UPID
US40-1405585
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
-
Donovan Marine Warehouse & Storage
-
Donovan Marine, INC Corporate Office
-
Patriot Aluminum LLC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$4.13M
Owner & transaction history
Donovan Marine INC · 7 yrs held
Donovan Marine INC
since 2018
3 recorded transactions
Zoning & alternative use
LI · Denton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.1M
+43.9%
Auto repair, garage
$5.2M
+22.2%
Warehouse, storage
$4.6M
+9.0%
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 Denton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denton 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
INDUSTRIAL (GENERAL)
$4,215,000
Current use
RETAIL STORES
$6,065,000
Change: +44% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,150,000
Change: +22% · Conversion: Easy
WAREHOUSE, STORAGE
$4,595,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±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
$78 / 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
$30,923
Tax year 2023
Assessed value
$1,765,033
Assessed 2023
Previous assessed
$1,735,300
+1.7% YoY
Effective rate
1.75%
On assessed value
Land market value
$216,400
Improvement market value
$1,608,100
Total market value
$1,824,500
Applied tax rate
10.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
52,775 SF
Lot
5.11 ac (222,592 SF)
Zoning code
LI
APN
03-031454
UPID
US40-1405585
Jurisdiction
CAROLINE
Zoning & alternative use
LI · Denton, MD
Zoning LI · permitted uses
LI · Denton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
RETAIL STORES
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1993
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
5.11 ac
Current owner
From public records · entity-resolved
Donovan Marine INC
Entity
Free & Clear · 7 yrs held
Mailing address
6316 HUMPHREYS ST, HARAHAN, LA 70123-3159
Ownership since
2018
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
Sep 11, 2018
—
Donovan Marine INC
—
Deed
related
$1,774,500 · Iberiabank
Aug 16, 2018
$1,774,500
Donovan Marine INC
Krm Dev Corp
Grant Deed
—
—
—
Donovan Marine INC
—
Deed Of Trust
related
$1,774,500 · Iberiabank
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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