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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Office buildings
7441 Sharpsburg Pike, Boonsboro, MD 21713-2433
Individually Owned
21-yr Hold
Property ID
US40-0925719
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
10,530 SF
Lot
88 ac (3,833,280 SF)
Zoning code
U
APN
12-010117
UPID
US40-0925719
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
-
Trans Ova Genetics Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.54M
Owner & transaction history
Thomas T Mercuro · 21 yrs held
Thomas T Mercuro
since 2005
7 recorded transactions
Zoning & alternative use
U · Boonsboro, 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 Boonsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonsboro 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%
$2,250,000
6.5%
$2,075,000
7%
$1,930,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,195,000
Current use
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$146 / 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
$11,900
Tax year 2023
Assessed value
$1,144,200
Assessed 2023
Previous assessed
$1,144,200
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$555,000
Assessed improvement
$589,200
Land market value
$555,000
Improvement market value
$589,200
Total market value
$1,144,200
Applied tax rate
12.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
1
Units
3
Bathrooms
1
Total area
10,530 SF
Lot
88 ac (3,833,280 SF)
Zoning code
U
APN
12-010117
UPID
US40-0925719
Jurisdiction
WASHINGTON
Zoning & alternative use
U · Boonsboro, MD
Zoning U · permitted uses
U · Boonsboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boonsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
OFFICE BUILDING Current
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
1984
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Units
3
Bathrooms
1
Lot
88 ac
Current owner
From public records · entity-resolved
Thomas T Mercuro
Individual
Mailing address
PO BOX 130, WOODSBORO, MD 21798-0130
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2020
—
Thomas T Mercuro
—
Deed
related
$400,000 · Middletown Vly Bk
Sep 27, 2019
—
Thomas T Mercuro
—
Deed
related
$1,018,000 · Middletown Vly Bk
Jun 13, 2005
$1,150,000
Thomas T Mercuro
Draper,melvin L & Abbie J
Grant Deed
$1,020,000 · Susquehanna Bank
—
—
Thomas T Mercuro
—
Deed Of Trust
related
$100,000 · Susquehanna Bank
—
—
Thomas T Mercuro
—
Deed Of Trust
related
$1,018,000 · Middletown Vly Bk
—
—
Thomas T Mercuro
—
Deed Of Trust
related
$400,000 · Middletown Vly Bk
—
—
Thomas T Mercuro
—
Deed Of Trust
related
$1,388,000 · Susquehanna Bank
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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