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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Warehouses
729 State Rte 3rd N, Gambrills, MD 21054-1303
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1040479
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
BRICK
Total area
2,736 SF
Lot
3.51 ac (152,896 SF)
Zoning code
C4
APN
04-000-03761198
UPID
US40-1040479
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
-
Leos Vacation Center Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.19M
Owner & transaction history
Gregory A Merkel · 6 yrs held
Gregory A Merkel
since 2019
5 recorded transactions
Zoning & alternative use
C4 · Gambrills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+27.6%
Retail stores
$1.1M
+24.3%
Medical building
$1.0M
+9.8%
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 Gambrills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gambrills 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
$910,000
Current use
AUTO REPAIR, GARAGE
$1,165,000
Change: +28% · Conversion: Easy
RETAIL STORES
$1,135,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$1,000,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$433 / 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
$30,180
Tax year 2023
Assessed value
$2,763,767
Assessed 2023
Previous assessed
$2,750,400
+0.5% YoY
Effective rate
1.09%
On assessed value
Land market value
$2,381,500
Improvement market value
$409,000
Total market value
$2,790,500
Applied tax rate
4.0000
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
Off-Market
Year built
1950
Construction
BRICK
Heating
SPACE
Buildings
3
Stories
1
Units
3
Total area
2,736 SF
Lot
3.51 ac (152,896 SF)
Zoning code
C4
APN
04-000-03761198
UPID
US40-1040479
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Gambrills, MD
Zoning C4 · permitted uses
C4 · Gambrills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gambrills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$840,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1950
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
3
Units
3
Lot
3.51 ac
Current owner
From public records · entity-resolved
Gregory A Merkel
Individual
Mailing address
958 SEVARDEN LN, CROWNSVILLE, MD 21032-1232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Sep 23, 2019
—
Gregory A Merkel
—
Deed
related
$500,000 · Severn Savings Bank Fsb
Jun 2, 2016
—
Gregory A Merkel
—
Deed
related
$600,000 · Severn Svgs Bk Fsb
—
—
Gregory A Merkel
—
Deed Of Trust
related
$750,000 · Severn Savings Bank Fsb
—
—
Gregory A Merkel
—
Loan Modification
related
$600,000 · Severn Svgs Bk Fsb
—
—
Gregory A Merkel
—
Loan Modification
related
$600,000 · Severn Svgs Bk Fsb
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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