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    Property profile & analytics

    8344 Patey Woods Rd Newark, MD 21841-2012

    • Warehouses
    • 11,600 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1414818
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bruce's Detail Shop / Rv Supply Store

    Property Details for 8344 Patey Woods Rd

    Year built
    1961
    Construction
    BRICK
    Lot size
    2.00 lot acres
    Property size
    11,600 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    04-002172
    APU
    4002172

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Worcester
    State
    Maryland
    Longitude
    -75.292
    Latitude
    38.2524
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,950
    $0.00
    $0.00
    $203,733
    -
    $88,000
    $130,600
    $218,600

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      6743 Central Site Ln

      WAREHOUSE, STORAGE • 2,240 SF
      6743 Central Site Ln, Newark, MD 21841
      View Details
    • Value Estimation by Request
      4,950 SF

      8344 Patey Woods Rd

      WAREHOUSE, STORAGE • 4,950 SF
      8344 Patey Woods Rd, Newark, MD 21841-2012
      View Details
    • Value Estimation by Request
      0.50 Acres

      Newark Rd

      INDUSTRIAL (GENERAL) • 0.50 Acres
      Newark Rd, Newark, MD 21841
      View Details
    • Value Estimation by Request
      0.29 Acres

      Patey Woods Rd

      INDUSTRIAL (GENERAL) • 0.29 Acres
      Patey Woods Rd, Newark, MD 21841
      View Details
    • Value Estimation by Request
      1,356 SF

      7303 5th Mile Br Rd

      R&D FACILITY, LABS, PHARMA • 1,356 SF
      7303 5th Mile Br Rd, Newark, MD 21841
      View Details
    • Value Estimation by Request
      5,004 SF

      6846 Basket Switch Rd

      MANUFACTURING (LIGHT) • 5,004 SF
      6846 Basket Switch Rd, Newark, MD 21841-2214
      View Details

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    8344 Patey Woods Rd
    Newark, MD 21841-2012
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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