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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Warehouses
98 Greenmount Rd, Rising Sun, MD 21911-1990
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1084121
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
12,000 SF
Lot
7.02 ac (305,791 SF)
Zoning code
BG
APN
06-043801
UPID
US40-1084121
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.68M
Owner & transaction history
Mark Property Management LP · 5 yrs held
Mark Property Management LP
since 2020
7 recorded transactions
Zoning & alternative use
BG · Rising Sun, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+70.1%
Retail stores
$2.3M
+66.7%
Commercial (general)
$1.5M
+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 Rising Sun submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rising Sun 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,370,000
Current use
OFFICE BUILDING
$2,330,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$2,280,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,520,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$140 / 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
$26,281
Tax year 2023
Assessed value
$2,374,233
Assessed 2023
Previous assessed
$2,353,100
+0.9% YoY
Effective rate
1.11%
On assessed value
Land market value
$474,000
Improvement market value
$1,942,500
Total market value
$2,416,500
Applied tax rate
6.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Buildings
5
Stories
1
Units
236
Total area
12,000 SF
Lot
7.02 ac (305,791 SF)
Zoning code
BG
APN
06-043801
UPID
US40-1084121
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BG · Rising Sun, MD
Zoning BG · permitted uses
BG · Rising Sun, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rising Sun. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.5M
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
2006
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
5
Units
236
Lot
7.02 ac
Current owner
From public records · entity-resolved
Mark Property Management LP
Entity
Mailing address
206 N JENNERSVILLE RD STE #105, WEST GROVE, PA 19390-9326
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
—
Mark Property Management LP
Carrhill Associates LLC
Grant Deed
—
Oct 19, 2016
$1,650,000
Carrhill Associates LLC
Ronald D Creeger
Deed
—
May 1, 2006
$550,000
Ronald D Creeger
Montgomery,harold & Jewelyne
Grant Deed
$1,150,000 · Peoples Bank Of Elkton
—
—
Ronald D Creeger
—
Deed Of Trust
related
$27,785 · Peoples Bank Of Elkton
—
—
Ronald D Creeger
—
Deed Of Trust
related
$13,656 · Peoples Bank Of Elkton
—
—
Ronald D Creeger
—
Deed Of Trust
related
$139,831 · Peoples Bank Of Elkton
—
—
Harold Montgomery
—
Deed Of Trust
related
$184,000 · Cecil Fsb
—
—
Ronald D Creeger
—
Deed Of Trust
related
$216,843 · Peoples Bank Of Elkton
—
—
Ronald D Creeger
—
Deed Of Trust
related
$27,279 · Peoples Bank Of Elkton
—
—
Ronald D Creeger
—
Deed Of Trust
related
$41,011 · Peoples Bank Of Elkton
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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