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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Distribution centers
Buttercup Rd, Sykesville, MD 21784
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1536068
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Total area
15,000 SF
Lot
9.04 ac (393,739 SF)
Zoning code
I-2
APN
05-433954
UPID
US40-1536068
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
$1.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.93M
Owner & transaction history
C Douglas Nave · 5 yrs held
C Douglas Nave
since 2021
2 recorded transactions
Zoning & alternative use
I-2 · Sykesville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+77.5%
Auto repair, garage
$2.6M
+48.5%
Office building
$2.4M
+39.2%
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 Sykesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sykesville 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%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,755,000
Current use
RETAIL STORES
$3,115,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,605,000
Change: +48% · Conversion: Easy
OFFICE BUILDING
$2,445,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,425,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,770,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±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
$128 / 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
$52,673
Tax year 2023
Assessed value
$4,726,300
Assessed 2024
Previous assessed
$4,726,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$829,300
Assessed improvement
$3,897,000
Land market value
$829,300
Improvement market value
$3,897,000
Total market value
$4,726,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
15,000 SF
Lot
9.04 ac (393,739 SF)
Zoning code
I-2
APN
05-433954
UPID
US40-1536068
Jurisdiction
CARROLL
Zoning & alternative use
I-2 · Sykesville, MD
Zoning I-2 · permitted uses
I-2 · Sykesville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sykesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
9.04 ac
Current owner
From public records · entity-resolved
C Douglas Nave
Individual
Free & Clear · 5 yrs held
Mailing address
14565 EDGEWOODS WAY, GLENELG, MD 21737-9610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
Nave Properties LLC
—
Deed
related
$6,108,370 · Pnc Bank NA
Jan 28, 2021
—
C Douglas Nave
Buttercup Road LLC
Correction Deed
related
—
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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