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Property profile & analytics
OFF-MARKET
Estimated value
$65,065,000
Distribution centers
81 Belvidere Rd Perryville, MD 21903-2599
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1942616
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2017
Total area
521,850 SF
Lot
113.72 ac (4,953,818 SF)
Zoning code
MEA
APN
05-138882
UPID
US40-1942616
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
-
Lidl Regional Distribution Center Warehouse & Storage
-
Lidl Distribution Center Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$50.21M
Comparable Approach
Comparable
$82.37M
Blend (final)
Blend
$65.07M
Owner & transaction history
Lidl Us Operations LLC · 8 yrs held
Lidl Us Operations LLC
since 2017
1 recorded transaction
Zoning & alternative use
MEA · Perryville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$101.3M
+70.1%
Retail stores
$99.2M
+66.7%
Commercial (general)
$66.1M
+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 Perryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perryville 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%
$54,385,000
6.5%
$50,205,000
7%
$46,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$59,535,000
Current use
OFFICE BUILDING
$101,280,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$99,220,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$66,105,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$65.07M
Range $58.56M – $71.57M · ±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
$125 / 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
$402,049
Tax year 2023
Assessed value
$72,341,800
Assessed 2023
Previous assessed
$71,086,767
+1.8% YoY
Effective rate
0.56%
On assessed value
Assessed land
$9,097,900
Assessed improvement
$63,243,900
Land market value
$9,097,900
Improvement market value
$63,243,900
Total market value
$72,341,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
521,850 SF
Lot
113.72 ac (4,953,818 SF)
Zoning code
MEA
APN
05-138882
UPID
US40-1942616
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
MEA · Perryville, MDZoning MEA · permitted uses
MEA · Perryville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$59.5M
OFFICE BUILDING
Est. value
$101.3M
RETAIL STORES
Est. value
$99.2M
COMMERCIAL (GENERAL)
Est. value
$66.1M
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
113.72 ac
Current owner
From public records · entity-resolved
Lidl Us Operations LLC
Entity
Mailing address
3500 S CLARK ST, ARLINGTON, VA 22202-4045
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2017
—
Lidl Us Operations LLC
—
Deed
related
$59,556,600 · Kfw Ipex-bank Gmbh
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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