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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Office buildings
8803 Baltimore National Pike Middletown, MD 21769-9407
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0312639
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Construction
WOOD
Total area
3,075 SF
Lot
2.58 ac (112,385 SF)
Zoning code
VC
APN
03-143015
UPID
US40-0312639
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
-
Mlend - Millennium Financial Group, Inc. Loan Service Bank
-
ATM Atm
-
Millennium Financial Group Loan Service Bank
-
Home Loans With Alex Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$985k
Owner & transaction history
Prairie Lake Rentals LLC · 3 yrs held
Prairie Lake Rentals LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
VC · Middletown, MD
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$1,020,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$860,000
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.03M (Feb 10 2023)
Last sale anchor
$1.03M
Feb 10 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
$320 / 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
$6,201
Tax year 2023
Assessed value
$511,700
Assessed 2023
Previous assessed
$478,200
+7.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$140,600
Assessed improvement
$371,100
Land market value
$140,600
Improvement market value
$371,100
Total market value
$511,700
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
3,075 SF
Lot
2.58 ac (112,385 SF)
Zoning code
VC
APN
03-143015
UPID
US40-0312639
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
VC · Middletown, MDZoning VC · permitted uses
VC · Middletown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
Prairie Lake Rentals LLC
Entity
Mailing address
13711 JOHN KLINE RD, SMITHSBURG, MD 21783-9116
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$1,025,000
Prairie Lake Rentals LLC
Fordham Holdings LLC
Deed
$871,250 · Middletown Valley Bank
Nov 13, 2020
—
Fordham Holdings LLC
—
Deed
related
$700,000 · Fcb Banks
Feb 12, 2019
—
Fordham Holdings LLC
—
Deed
related
$250,000 · Frederick County Bank
Mar 24, 2017
—
Fordham Holdings LLC
—
Deed
related
$385,000 · Frederick County Bank
Mar 29, 2013
$488,500
Fordham Holdings LLC
Five-2k LLC
Grant Deed
$365,500 · Five-2k LLC
Jul 18, 2002
$185,000
Five-2k LLC
Sayco LLC
Grant Deed
$148,000 · Frederick County Bank
Jan 8, 1998
$152,500
Sayco LLC
Poole,george W
Grant Deed
$132,387 · Fcnb Bank
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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