New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,225,000
Office buildings
650 Mchenry Rd, Aberdeen, MD 21001-2607
Individually Owned
6-yr Hold
Free & Clear
Property ID
US40-1511290
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
94,361 SF
Lot
34.94 ac (1,521,986 SF)
Zoning code
B3
APN
02-033658
UPID
US40-1511290
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
-
Victoria A Blucher Physician
-
Jessica Faulhaber Hoban Physician
-
Advanced Radiology Aberdeen Medical Clinic
-
Labcorp Medical Laboratory
-
Dr. Muhammad Khawaja Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.86M
Comparable Approach
Comparable
$20.70M
Blend (final)
Blend
$15.23M
Owner & transaction history
University Of Maryland-upper Ches · 6 yrs held
University Of Maryland-upper Ches
since 2019
7 recorded transactions
Zoning & alternative use
B3 · Aberdeen, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$23.5M
+23.5%
Commercial (general)
$21.6M
+13.5%
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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%
$11,760,000
6.5%
$10,855,000
7%
$10,080,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,050,000
Current use
RETAIL STORES
$23,530,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$21,620,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$16,750,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$15.23M
Range $13.70M – $16.75M · ±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
$161 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$78,000
Tax year 2022
Assessed value
$44,854,300
Assessed 2023
Previous assessed
$13,413,367
+234.4% YoY
Effective rate
0.17%
On assessed value
Assessed land
$10,619,700
Assessed improvement
$34,234,600
Land market value
$10,619,700
Improvement market value
$34,234,600
Total market value
$44,854,300
Applied tax rate
200.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
94,361 SF
Lot
34.94 ac (1,521,986 SF)
Zoning code
B3
APN
02-033658
UPID
US40-1511290
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Aberdeen, MD
Zoning B3 · permitted uses
B3 · Aberdeen, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aberdeen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.1M
RETAIL STORES
Est. value
$23.5M
COMMERCIAL (GENERAL)
Est. value
$21.6M
WAREHOUSE, STORAGE
Est. value
$16.8M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2012
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
34.94 ac
Current owner
From public records · entity-resolved
University Of Maryland-upper Ches
Individual
Free & Clear · 6 yrs held
Mailing address
520 UPPR CHESAPEAKE DR #40, BEL AIR, MD 21014-4339
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2019
$18,000,000
University Of Maryland-upper Ches
Merritt-ad LLC
Grant Deed
—
Sep 29, 2016
—
Merritt-ad LLC
—
Deed
related
$11,015,291 · Wells Fargo Bk
Apr 18, 2014
$78,300
State Of Md
Merritt-ad LLC
Grant Deed
—
Aug 19, 2003
$3,200,000
612 LLC
Remle INC
Grant Deed
$990,000 · Tousa Homes INC
Aug 19, 2003
—
612 LLC
—
Deed Of Trust
related
$6,330,500 · Chesapeake Bank Maryland
—
—
Merritt-ad LLC
—
Deed Of Trust
related
$18,460,000 · Wells Fargo Bank
—
—
Merritt-ad LLC
—
Loan Modification
related
$11,015,291 · Wells Fargo Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 650 Mchenry Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
