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Property profile & analytics
OFF-MARKET
Estimated value
$47,285,000
Warehouses
800 Red Toad Rd, North East, MD 21901-2220
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-1033833
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Construction
BRICK
Total area
502,200 SF
Lot
50.87 ac (2,215,680 SF)
Zoning code
M2
APN
05-028949
UPID
US40-1033833
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
by Request
Blend (final)
Blend
$47.29M
Owner & transaction history
Mayor & Commissioners Of Town Of No · 1 yrs held
Mayor & Commissioners Of Town Of No
since 2024
6 recorded transactions
Zoning & alternative use
M2 · North East, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$63.6M
+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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$57,290,000
Current use
COMMERCIAL (GENERAL)
$63,615,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$47.29M
Range $42.56M – $52.01M · ±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
$94 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$122,037
Tax year 2024
Assessed value
$35,956,800
Assessed 2024
Previous assessed
$35,956,800
+0.0% YoY
Effective rate
0.34%
On assessed value
Land market value
$2,664,600
Improvement market value
$33,799,000
Total market value
$36,463,600
Applied tax rate
5.0000
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
2022
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
502,200 SF
Lot
50.87 ac (2,215,680 SF)
Zoning code
M2
APN
05-028949
UPID
US40-1033833
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2 · North East, MD
Zoning M2 · permitted uses
M2 · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$57.3M
COMMERCIAL (GENERAL)
Est. value
$63.6M
WAREHOUSE, STORAGE Current
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
2022
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
50.87 ac
Current owner
From public records · entity-resolved
Mayor & Commissioners Of Town Of No
Individual
Free & Clear · 1 yrs held
Mailing address
8801 PO BOX 528TH BLVD STE #300, NORTH EAST, MD 21901-0528
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
—
Mayor & Commissioners Of Town Of No
Sp Mim North East LLC
Deed
—
Dec 28, 2023
—
Sp Mim North East LLC
Scannell Properties 443 LLC
Special Warranty Deed
$463,000,000 · Op USA Debt Holdings V Limited Part
Jun 29, 2020
—
North East Business Center LLC
Walker International Harbison
Quit Claim Deed
related
—
Mar 31, 2015
—
Mayor & Commissioners Of North Ea Etal
North East Business Center LLC
Quit Claim Deed
—
Dec 1, 2005
$600,000
Montgomery Bedrock Two Lc
North East Business Center LLC
Grant Deed
$450,000 · Mercantile County Bank
Jun 3, 2005
$2,000,000
North East Business Center LLC
Harbison-walker Refractories Co
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.
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