New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Warehouses
7539 Harmans Rd, Harmans, MD 21077-1537
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-0666930
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
20,000 SF
Lot
18.58 ac (809,345 SF)
Zoning code
W3
APN
04-000-90072040
UPID
US40-0666930
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
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$3.87M
Owner & transaction history
7539 Harmans Road LLC · 9 yrs held
7539 Harmans Road LLC
since 2016
5 recorded transactions
Zoning & alternative use
W3 · Harmans, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+51.7%
Restaurant
$4.6M
+49.5%
Office building
$4.1M
+35.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,040,000
Current use
AUTO REPAIR, GARAGE
$4,615,000
Change: +52% · Conversion: Easy
RESTAURANT
$4,550,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$4,105,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,665,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,300,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,905,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$2,785,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±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
$194 / 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
$69,770
Tax year 2023
Assessed value
$6,389,200
Assessed 2023
Previous assessed
$5,700,000
+12.1% YoY
Effective rate
1.09%
On assessed value
Land market value
$3,544,400
Improvement market value
$4,223,200
Total market value
$7,767,600
Applied tax rate
4.0000
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
2003
Heating
SPACE
Stories
2
Units
2
Total area
20,000 SF
Lot
18.58 ac (809,345 SF)
Zoning code
W3
APN
04-000-90072040
UPID
US40-0666930
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W3 · Harmans, MD
Zoning W3 · permitted uses
W3 · 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
$3.0M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2003
Heating
SPACE
Stories
2
Units
2
Lot
18.58 ac
Current owner
From public records · entity-resolved
7539 Harmans Road LLC
Entity
Mailing address
7340 MONTEVIDEO RD, JESSUP, MD 20794-9317
Ownership since
2016
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
Oct 5, 2016
$8,162,000
7539 Harmans Road LLC
Williams Scotsman INC
Grant Deed
$6,500 · Branch Bk&tr
Oct 17, 2012
—
Williams Scotsman INC
—
Deed Of Trust
related
$7,100,000 · Bank Of America
Feb 27, 2008
—
Williams Scotsman INC
—
Deed Of Trust
related
$7,810,000 · Royal Bank Scotland Plc
Jul 31, 2001
$1,650,000
William Scots Man INC
Linpro Harmans Land LP
Grant Deed
—
—
—
Williams Scotsman INC
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7539 Harmans Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
