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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7229 Montevideo Rd Jessup, MD 20794-9313

    • Warehouses
    • 24,544 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0178987
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ranges Self Storage Units / Storage Facility
    • East Coast Concrete Specialties, Inc. / Construction Company / General Contractor
    • Pavement Sealing Co / General Contractor / Construction Company

    Property Details for 7229 Montevideo Rd

    Year built
    1971
    Construction
    STEEL FRAME
    Lot size
    2.00 lot acres
    Property size
    24,544 SF
    Zone code
    CECLI
    Property type
    Warehouses
    APN
    01-160737
    APU
    1160737

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,050,000
      Market price range: $258k - $3.02M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jessup
    County
    Howard
    State
    Maryland
    Longitude
    -76.7735
    Latitude
    39.1733
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $14,746
    $522,700
    $840,100
    $1,362,800
    -
    $522,700
    $840,100
    $1,362,800

    Comparable in this City

    • Value Estimation
      $25,475,000
      176,304 SF

      2112 Montevideo Rd

      WAREHOUSE, STORAGE • 176,304 SF
      2112 Montevideo Rd, Jessup, MD 20794-9728
      View Details
    • Value Estimation
      $26,990,000
      142,885 SF

      8236 Patuxent Range Rd

      WAREHOUSE, STORAGE • 142,885 SF
      8236 Patuxent Range Rd, Jessup, MD 20794
      View Details
    • Value Estimation
      $14,410,000
      73,490 SF

      8263 Patuxent Range Rd

      WAREHOUSE, STORAGE • 73,490 SF
      8263 Patuxent Range Rd, Jessup, MD 20794-9627
      View Details
    • Value Estimation
      $23,405,000
      243,680 SF

      8275 Patuxent Range Rd

      WAREHOUSE, STORAGE • 243,680 SF
      8275 Patuxent Range Rd, Jessup, MD 20794-9635
      View Details
    • Value Estimation
      $2,310,000
      25,200 SF

      8005 Dorsey Run Rd, Unit 3

      WAREHOUSE, STORAGE • 25,200 SF
      8005 Dorsey Run Rd, Jessup, MD 20794-9326
      View Details
    • Value Estimation
      $4,235,000
      21,600 SF

      8830 Washington Blvd

      WAREHOUSE, STORAGE • 21,600 SF
      8830 Washington Blvd, Jessup, MD 20794-9663
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Office Building on Washington Blvd

      6,000 SF office building on 2.03 acres.
      8826 Washington Blvd, Jessup, MD 20794
      View Details
    • $999,999

      Commercial Land in High Development Area

      Two commercial lots available in a dynamic growth area.
      2860 Jessup Rd, Jessup, MD 20794
      View Details
    • $1,200,000

      Land Parcel for Sale

      Land available for sale in Jessup, Maryland.
      Dorsey Run Rd, Jessup, MD 20794
      View Details
    • $999,999

      Commercial Lots in High Development Area

      Two commercial lots for sale in a dynamic growth area.
      2858 Jessup Rd, Jessup, MD 20794
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,843 SF

      Jessup Flex / Warehouse Space

      Flex/warehouse space available in Jessup, Maryland.
      10621 Iron Bridge Rd, Jessup, MD 20794
      View Details
    • Contact for pricing
      193,500 SF

      Jessup Warehouse Space Available

      193,500 sqft warehouse space for lease in Jessup, MD.
      8231 Stayton Dr, Jessup, MD 20794
      View Details
    • Contact for pricing
      203,615 SF

      Industrial Building with Rail Access

      203,615 SF industrial building featuring direct rail access.
      7980 Tarbay Dr, Jessup, MD 20794
      View Details
    • Contact for pricing
      51,000 SF

      Jessup Warehouse with Excess Land

      121,211 SF warehouse with modernized office and robust power.
      7510 Montevideo Rd, Jessup, MD 20794
      View Details
    • Contact for pricing
      32,640 SF

      Jessup Warehouse Space For Lease

      Up to 51,540 SF warehouse space available for lease.
      8221 Preston Ct, Jessup, MD 20794
      View Details
    • Contact for pricing
      18,054 SF

      Jessup Warehouse and Office Space

      18,054 SF office and warehouse with planned improvements.
      8588 Old Dorsey Run Rd, Jessup, MD 20794
      View Details
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    Jessup, MD 20794-9313
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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