New search
Property profile & analytics
OFF-MARKET
Estimated value
$116,065,000
Warehouses
7600 Assateague Dr, Jessup, MD 20794-3272
Individually Owned
5-yr Hold
Free & Clear
Property ID
US40-2410696
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
BRICK
Total area
853,520 SF
Lot
47.33 ac (2,061,608 SF)
Zoning code
M2
APN
06-433480
UPID
US40-2410696
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
-
Bob's Transport & Storage Co Inc Storage Facility
-
Domino Sugar DBC Distribution Center Logistics Company
-
AtWork Personnel - Client On-Site Employment Agency
-
SouthernCarlson Building Supply Construction Company
-
Walmart Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$86.48M
Comparable Approach
Comparable
$145.17M
Blend (final)
Blend
$116.07M
Owner & transaction history
Mid Atlantic Commerce Center Ilp Ll · 5 yrs held
Mid Atlantic Commerce Center Ilp Ll
since 2021
Last sale
$125.0M
7 recorded transactions
Zoning & alternative use
M2 · Jessup, 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 Jessup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jessup 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
$98,665,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$93,685,000
6.5%
$86,480,000
7%
$80,305,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$155,855,000
Current use
OFFICE BUILDING
$143,740,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$116.07M
Range $104.46M – $127.67M · ±10% · vs last sale $125.00M (Apr 19 2021)
Last sale anchor
$125.00M
Apr 19 2021
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
$136 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$551,656
Tax year 2022
Assessed value
$70,223,433
Assessed 2023
Previous assessed
$48,992,500
+43.3% YoY
Effective rate
0.79%
On assessed value
Land market value
$23,660,000
Improvement market value
$89,025,300
Total market value
$112,685,300
Applied tax rate
6.0000
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
1973
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
853,520 SF
Lot
47.33 ac (2,061,608 SF)
Zoning code
M2
APN
06-433480
UPID
US40-2410696
Jurisdiction
HOWARD
Zoning & alternative use
M2 · Jessup, MD
Zoning M2 · permitted uses
M2 · Jessup, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jessup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$155.9M
OFFICE BUILDING
Est. value
$143.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1973
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
47.33 ac
Current owner
From public records · entity-resolved
Mid Atlantic Commerce Center Ilp Ll
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2021
—
Mid Atlantic Commerce Center Ilp Ll
—
Deed
related
$50,000,000 · State Farm Mutual Automobile Insurance C
Apr 19, 2021
$125,000,000
Mid Atlantic Commerce Center Ilp Ll
7600 Assateague Properties LLC
Special Warranty Deed
—
Feb 24, 2020
$88,000,000
760 Assateague Properties LLC
Assateague Phase I Owner L Mca
Grant Deed
$58,825,000 · Natixis New York Branch
Aug 13, 2018
—
Mca Assateaguue Phase I Owner LLC
—
Deed
related
$56,325,000 · Citizens Bank NA
Jul 12, 2018
—
Mca Assateague Phase I Owner L
Mca Assateague Holdings LLC
Quit Claim Deed
—
Jun 12, 2017
$440,000
7700 Conowingo Business Trust
Mca Assateague Holdings LLC
Grant Deed
—
May 19, 2015
$45,250,000
Mca Assateague Holdings LLC
Madison Sp Assateague LLC
Special Warranty Deed
$54,700,000 · Manufacturers & Traders Trust Co
Apr 30, 2013
$33,075,000
Madison-sp Assateague LLC
Warex-jessup LLC
Grant Deed
—
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 7600 Assateague Dr?
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.
