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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Warehouses
7485 Shipley Ave, Harmans, MD 21077-3154
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0902095
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
BRICK
Total area
17,500 SF
Lot
3.03 ac (131,987 SF)
Zoning code
W2
APN
05-000-13759200
UPID
US40-0902095
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
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.68M
Owner & transaction history
Banz Berlew LLP · 6 yrs held
Banz Berlew LLP
since 2020
5 recorded transactions
Zoning & alternative use
W2 · Harmans, 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 Harmans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harmans 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%
$1,920,000
6.5%
$1,775,000
7%
$1,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,660,000
Current use
MEDICAL BUILDING
$2,545,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$2,440,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±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
$96 / 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
$14,159
Tax year 2023
Assessed value
$1,296,600
Assessed 2023
Previous assessed
$1,296,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$645,400
Assessed improvement
$651,200
Land market value
$645,400
Improvement market value
$651,200
Total market value
$1,296,600
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1987
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
17,500 SF
Lot
3.03 ac (131,987 SF)
Zoning code
W2
APN
05-000-13759200
UPID
US40-0902095
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Harmans, MD
Zoning W2 · permitted uses
W2 · Harmans, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harmans. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
1987
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Banz Berlew LLP
Entity
Mailing address
7485 SHIPLEY AVE, HARMANS, MD 21077-3154
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Banz Berlew LLP
—
Deed
related
$2,695,000 · First National Bank Of Pennsylvania
—
—
Banz Berlwe LLP
—
Deed Of Trust
related
$484,000 · Allfirst Bank
—
—
Banz Berlwe LLP
—
Deed Of Trust
related
$316,000 · Allfirst Bank
—
—
Benz Berlew LLP
—
Deed Of Trust
related
$1,300,000 · Bay National Bank
—
—
Banz Berlew LLP
—
Deed Of Trust
related
$1,300,000 · Blue Ridge Bank & Trust Co
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.
Try Rey
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