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Property profile & analytics
OFF-MARKET
Estimated value
$6,565,000
Warehouses
950 Principio Furnace Rd, Perryville, MD 21903-2440
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1418133
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
BRICK
Total area
50,000 SF
Lot
16 ac (696,960 SF)
Zoning code
L2
APN
07-034393
UPID
US40-1418133
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
-
Electric Substation Electrical Substation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.60M
CAP Approach
CAP
$4.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.57M
Owner & transaction history
Gcp Principio LLC · 4 yrs held
Gcp Principio LLC
since 2022
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
L2 · Perryville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.7M
+70.1%
Retail stores
$9.5M
+66.7%
Commercial (general)
$6.3M
+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
$6,465,000
ML approach
$6,600,000
CAP Approach
CAP Return
Estimation
6%
$5,210,000
6.5%
$4,810,000
7%
$4,465,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,705,000
Current use
OFFICE BUILDING
$9,705,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$9,505,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,335,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$6.57M
Range $5.91M – $7.22M · ±10% · vs last sale $6.60M (Jun 9 2022)
Last sale anchor
$6.60M
Jun 9 2022
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
$131 / 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
$32,730
Tax year 2023
Assessed value
$2,229,900
Assessed 2023
Previous assessed
$2,184,133
+2.1% YoY
Effective rate
1.47%
On assessed value
Assessed land
$880,000
Assessed improvement
$1,349,900
Land market value
$880,000
Improvement market value
$1,349,900
Total market value
$2,229,900
Applied tax rate
80.0000
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
1986
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
50,000 SF
Lot
16 ac (696,960 SF)
Zoning code
L2
APN
07-034393
UPID
US40-1418133
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
L2 · Perryville, MD
Zoning L2 · permitted uses
L2 · Perryville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perryville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.7M
OFFICE BUILDING
Est. value
$9.7M
RETAIL STORES
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$6.3M
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
1986
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
16 ac
Current owner
From public records · entity-resolved
Gcp Principio LLC
Entity
Mailing address
25 S CHARLES ST STE #1600, BALTIMORE, MD 21201-3319
Ownership since
2022
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
Jun 9, 2022
$6,600,000
Gcp Principio LLC
Frenchman Land Company INC
Deed
$4,300,000 · Peoplesbank
Jul 16, 2018
—
Frenchman Land Co INC
—
Deed
related
$8,500,000 · M&t Bk
Feb 27, 2009
—
Frenchman Land Co INC
—
Deed Of Trust
related
$7,750,000 · Manufacturers Traders & Trust
Apr 8, 2005
—
Frenchman Land Co INC
—
Deed Of Trust
related
$5,750,000 · Mercantile County Bank
Nov 9, 2004
$2,000,000
Frenchman Land Co INC
El Paso Merchant Energy-petroleu
Grant Deed
—
Nov 14, 2003
—
El Paso Merchants Energy Petro
Coastal Unilube INC
Grant Deed
related
—
—
—
Frenchman Land Co INC
—
Loan Modification
related
$8,500,000 · M&t Bk
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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