Back to Search
Property profile & analytics
FOR LEASE
Warehouses
670 Chesapeake Park Plz Middle River, MD 21220
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-1690653
For Lease
1 / 2
$8,980,000
670 Chesapeake Park Plz, Middle River, MD 21220
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
BRICK
Total area
188,100 SF
Lot
8.72 ac (379,843 SF)
Zoning code
MH-IM
APN
15-1800002545
UPID
US40-1690653
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
$11.40M
Blend (final)
Blend
$8.98M
Owner & transaction history
Santay Realty Chesapeake LLC · 11 yrs held
Santay Realty Chesapeake LLC
since 2015
6 recorded transactions
Zoning & alternative use
MH-IM · Middle River, 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 Middle River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middle River 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
$8.98M
Range $8.08M – $9.88M · ±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
$48 / 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
$51,020
Tax year 2023
Assessed value
$7,115,600
Assessed 2023
Previous assessed
$7,115,600
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$2,834,000
Assessed improvement
$4,281,600
Land market value
$2,834,000
Improvement market value
$4,281,600
Total market value
$7,115,600
Applied tax rate
15.0000
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
1979
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
188,100 SF
Lot
8.72 ac (379,843 SF)
Zoning code
MH-IM
APN
15-1800002545
UPID
US40-1690653
Jurisdiction
BALTIMORE
Zoning & alternative use
MH-IM · Middle River, MD
Zoning MH-IM · permitted uses
MH-IM · Middle River, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middle River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
8.72 ac
Current owner
From public records · entity-resolved
Santay Realty Chesapeake LLC
Entity
Free & Clear · 11 yrs held
Mailing address
7900 CEDARVILLE RD, BRANDYWINE, MD 20613-3018
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
—
Santay Realty Chesapeake LLC
—
Deed
related
$40,000,000
Nov 19, 2025
—
Santay Realty Chesapeake LLC
—
Deed
related
$7,100,000 · Farmers & Merchants Bank
Oct 27, 2020
—
Santay Realty Chesapeake LLC
—
Deed
related
$8,000,000 · Cfg Bank
Jan 13, 2015
$7,728,680
Santay Realty Chesapeake LLC
Webster Chesapeake Associates LLC
Special Warranty Deed
—
Dec 3, 2002
$11,703,700
Webster Chesapeake Assoc LLC
Advent Realty LP
Grant Deed
$11,200,000 · General Electric Capital Corp
—
—
Santay Realty Chesapeake LLC
—
Loan Modification
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.
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?”
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.
