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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Apartment buildings
87 Stewart Dr, Edgewater, MD 21037-1650
Entity Owned
21-yr Hold
Property ID
US40-1337877
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2006
Total area
106,824 SF
Lot
3.42 ac (148,975 SF)
Zoning code
C3
APN
01-750-90212447
UPID
US40-1337877
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
-
Victoria Park at Edgewater Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
Stewart Drive Developers LLC · 21 yrs held
Stewart Drive Developers LLC
since 2004
4 recorded transactions
Zoning & alternative use
C3 · Edgewater, 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$13 / 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
$6,053
Tax year 2023
Assessed value
$5,404,400
Assessed 2023
Previous assessed
$5,404,400
+0.0% YoY
Effective rate
0.11%
On assessed value
Assessed land
$4,080,000
Assessed improvement
$1,324,400
Land market value
$4,080,000
Improvement market value
$1,324,400
Total market value
$5,404,400
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Stories
4
Units
102
Total area
106,824 SF
Lot
3.42 ac (148,975 SF)
Zoning code
C3
APN
01-750-90212447
UPID
US40-1337877
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Edgewater, MD
Zoning C3 · permitted uses
C3 · Edgewater, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
HEAT PUMP
Stories
4
Units
102
Lot
3.42 ac
Current owner
From public records · entity-resolved
Stewart Drive Developers LLC
Entity
Mailing address
2725 S INDUSTRIAL HWY STE #300, ANN ARBOR, MI 48104-6233
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2004
$905,250
Stewart Drive Developers LLC
Wawa INC
Grant Deed
$1,000,000 · Branch Banking & Trust Co
—
—
Victoria Park Edgewater LLC
—
Deed Of Trust
related
$4,304,282 · Wells Fargo Bank
—
—
Victoria Park Edgewater LLC
—
Deed Of Trust
related
$1,488,644 · Community Dev Admn
—
—
Victoria Park Edgewater LLC
—
Deed Of Trust
related
$1,200,000 · Arundel Community Dev Svcs INC
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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