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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Auto shops
722 Eastern Blvd, Essex, MD 21221
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0608204
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
BRICK
Total area
864 SF
Lot
0.67 ac (29,000 SF)
Zoning code
BLCS1
APN
15-1508302392
UPID
US40-0608204
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
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Chaudhry Real Estate LLC · 3 yrs held
Chaudhry Real Estate LLC
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
BLCS1 · Essex, 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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
$1,290,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.20M (Jun 12 2023)
Last sale anchor
$1.20M
Jun 12 2023
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
$1,441 / 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
$3,279
Tax year 2023
Assessed value
$501,700
Assessed 2023
Previous assessed
$500,567
+0.2% YoY
Effective rate
0.65%
On assessed value
Assessed land
$378,500
Assessed improvement
$123,200
Land market value
$378,500
Improvement market value
$123,200
Total market value
$501,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
864 SF
Lot
0.67 ac (29,000 SF)
Zoning code
BLCS1
APN
15-1508302392
UPID
US40-0608204
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCS1 · Essex, MD
Zoning BLCS1 · permitted uses
BLCS1 · Essex, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Essex. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Chaudhry Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
450 W CENTRAL AVE, DAVIDSONVILLE, MD 21035-2026
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$1,200,000
Chaudhry Real Estate LLC
Tommy Hakimi
Deed
—
May 14, 2021
$900,000
Tommy Hakimi
Clearview 724 LLC
Deed
—
Oct 21, 2014
$550,000
Clearview 724 LLC
Aga Petro INC
Deed
$412,500 · Eagle Bank
Jan 21, 2011
$500,000
Aga Petro INC
Harris,dolores H
Grant Deed
$450,000 · Dolores H Harris
Jan 21, 2011
—
Dolores H Harris
Gillan Charles M III
Grant Deed
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.
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