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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Refrigerated & Cold Storage
795 Wards Hl Rd, Warwick, MD 21912-1285
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1397390
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2021
Total area
19,200 SF
Lot
175.5 ac (7,644,780 SF)
Zoning code
SAR
APN
01-006983
UPID
US40-1397390
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
$1.85M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.78M
Owner & transaction history
Cal Maine Foods INC · 1 yrs held
Cal Maine Foods INC
since 2024
Last sale
$3.6M
5 recorded transactions
Zoning & alternative use
SAR · Warwick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.7M
+70.1%
Retail stores
$3.7M
+66.7%
Commercial (general)
$2.4M
+11.0%
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 Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warwick 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
$2,285,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,000,000
6.5%
$1,845,000
7%
$1,715,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,190,000
Current use
OFFICE BUILDING
$3,725,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$3,650,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,430,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±10% · vs last sale $3.57M (Sep 25 2023)
Last sale anchor
$3.57M
Sep 25 2023
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
$145 / 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
$101,274
Tax year 2023
Assessed value
$9,164,600
Assessed 2023
Previous assessed
$9,164,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$87,700
Improvement market value
$9,223,600
Total market value
$9,311,300
Applied tax rate
1.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2021
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
19,200 SF
Lot
175.5 ac (7,644,780 SF)
Zoning code
SAR
APN
01-006983
UPID
US40-1397390
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
SAR · Warwick, MD
Zoning SAR · permitted uses
SAR · Warwick, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
2021
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
175.5 ac
Current owner
From public records · entity-resolved
Cal Maine Foods INC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 267, GALENA, MD 21635-0267
Ownership since
2024
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
Jul 10, 2024
$7,021,536
Cal Maine Foods INC
Ise America INC
Special Warranty Deed
—
Sep 25, 2023
$3,572,950
Ise America INC
Ise Realty Group INC
Deed
—
Sep 25, 2023
$1,453,834
Ise Realty Group INC
Van Crawford
Deed
—
Dec 13, 2013
—
Ise Realty Group INC
Crawford Family 1981 Trust
Grant Deed
—
May 27, 2005
—
Crawford Family 1991 Trust
Crawford Family
Quit Claim 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.
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