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Property profile & analytics
OFF-MARKET
Estimated value
$7,250,000
Warehouses
Candlewood Rd, Harmans, MD 21077
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US40-1795802
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
54,730 SF
Lot
5.8 ac (252,648 SF)
Zoning code
W2
APN
05-033-90021674
UPID
US40-1795802
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
$10.10M
Blend (final)
Blend
$7.25M
Owner & transaction history
Candlewood Road Property LLC · 21 yrs held
Candlewood Road Property LLC
since 2004
4 recorded transactions
Zoning & alternative use
W2 · Harmans, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.2M
+35.0%
Neighborhood: shopping center
$10.0M
+20.4%
Commercial (general)
$9.0M
+8.4%
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 Harmans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harmans 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
$8,325,000
Current use
OFFICE BUILDING
$11,240,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,025,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,025,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$7,955,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$7,625,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$7.25M
Range $6.53M – $7.98M · ±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
$132 / 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
$47,095
Tax year 2023
Assessed value
$4,312,733
Assessed 2023
Previous assessed
$4,229,200
+2.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,624,000
Improvement market value
$2,855,800
Total market value
$4,479,800
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
54,730 SF
Lot
5.8 ac (252,648 SF)
Zoning code
W2
APN
05-033-90021674
UPID
US40-1795802
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Harmans, MD
Zoning W2 · permitted uses
W2 · Harmans, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harmans. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.3M
OFFICE BUILDING
Est. value
$11.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.0M
RETAIL STORES
Est. value
$7.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
5.8 ac
Current owner
From public records · entity-resolved
Candlewood Road Property LLC
Entity
Mailing address
14 TOWNSEND PL, SYOSSET, NY 11791-3910
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
Oct 15, 2004
$3,525,000
Candlewood Road Property LLC
Lebling & Muth LLC
Grant Deed
$2,900,000 · J P Morgan Chase Bank
Dec 3, 2003
$237,290
Daniel J Khoshtinat
Richards Group Washington
Grant Deed
$189,800 · Southern Trust Mortgage LLC
Nov 17, 2000
$2,850,000
Lebling & Muth LLC
Alliant Foodservice INC
Grant Deed
$4,500,000 · Mercantile-safe Deposit & Trus
Feb 25, 1999
—
Alliant Foodservice INC
—
Deed Of Trust
related
$3,429,375 · Chase Manhattan 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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