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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
7201 Friendship Rd, Pittsville, MD 21850-2039
Individually Owned
6-yr Hold
Free & Clear
Property ID
US40-1207464
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Construction
BRICK
Total area
4,000 SF
Lot
4 ac (174,240 SF)
Zoning code
M-1
APN
04-018745
UPID
US40-1207464
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
-
Foot Management Inc. Orthotics & Prosthetics Service Shoe Store
-
FedEx Drop Box Postal Service Courier Service
-
Kyle Krabill Orthotics & Prosthetics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$715k
Owner & transaction history
Martin S Kaeufer · 6 yrs held
Martin S Kaeufer
since 2020
2 recorded transactions
Zoning & alternative use
M-1 · Pittsville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+138.6%
Retail stores
$720,000
+51.5%
Office building
$690,000
+45.3%
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 Pittsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsville 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
$475,000
Current use
AUTO REPAIR, GARAGE
$1,135,000
Change: +139% · Conversion: Easy
RETAIL STORES
$720,000
Change: +52% · Conversion: Moderate
OFFICE BUILDING
$690,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$179 / 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
$4,717
Tax year 2023
Assessed value
$472,833
Assessed 2023
Previous assessed
$472,400
+0.1% YoY
Effective rate
1.00%
On assessed value
Land market value
$156,000
Improvement market value
$317,700
Total market value
$473,700
Applied tax rate
3.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
4
Total area
4,000 SF
Lot
4 ac (174,240 SF)
Zoning code
M-1
APN
04-018745
UPID
US40-1207464
Jurisdiction
WICOMICO
Zoning & alternative use
M-1 · Pittsville, MD
Zoning M-1 · permitted uses
M-1 · Pittsville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pittsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$720,000
OFFICE BUILDING
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$615,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
4
Lot
4 ac
Current owner
From public records · entity-resolved
Martin S Kaeufer
Individual
Free & Clear · 6 yrs held
Mailing address
104 ROBIN HOOD TRL, BERLIN, MD 21811-1687
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2020
—
Martin S Kaeufer
Lucy Mohr
Grant Deed
related
—
Sep 5, 2012
—
Lucy Mohr
Kaeufer,martin J
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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