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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Warehouses
6th St Crisfield, MD 21817
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1202714
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
3,472 SF
Lot
0.43 ac (18,750 SF)
Zoning code
CBD
APN
07-117108
UPID
US40-1202714
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
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Crisfield Storage LLC · 4 yrs held
Crisfield Storage LLC
since 2021
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
CBD · Crisfield, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of CBD zone is to provide for the special shopping needs of residents of the region in a compact, high density pedestrian oriented environment
Zone name
Central Business District
General category
COMMERCIAL
Zone area
26.31 ac
Source
Realmo
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 Crisfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crisfield 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
$1,100,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.03M (Nov 9 2021)
Last sale anchor
$1.03M
Nov 9 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
$307 / 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
$2,462
Tax year 2023
Assessed value
$221,400
Assessed 2023
Previous assessed
$221,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$38,400
Assessed improvement
$183,000
Land market value
$38,400
Improvement market value
$183,000
Total market value
$221,400
Applied tax rate
1.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
3,472 SF
Lot
0.43 ac (18,750 SF)
Zoning code
CBD
APN
07-117108
UPID
US40-1202714
Jurisdiction
SOMERSET
Zoning & alternative use
CBD · Crisfield, MDZoning CBD · permitted uses
CBD · Crisfield, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of CBD zone is to provide for the special shopping needs of residents of the region in a compact, high density pedestrian oriented environment
Zone name
Central Business District
General category
COMMERCIAL
Zone area
26.31 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Crisfield Storage LLC
Entity
Mailing address
1985 FLDS RD, JESSUP, MD 20794-9791
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
$1,025,000
Crisfield Storage LLC
E Scott Tawes
Deed
$100,000 · Haisip Jorns
Oct 25, 2010
$38,000
Richard T Mccord
Tawes,e Scott
Grant Deed
$38,000 · E Scott Tawes
Feb 1, 2005
$225,000
E Scott Tawes
Gunter,richard C & Regina H
Grant Deed
—
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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