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Property profile & analytics
OFF-MARKET
Commercial land
Main St New Market, MD 21774
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1820134
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Lot
2.44 ac (106,286 SF)
Zoning code
R1
APN
09-263799
UPID
US40-1820134
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dorothy J Burhans Family LLC · 4 yrs held
Dorothy J Burhans Family LLC
since 2021
3 recorded transactions
Zoning & alternative use
R1 · New Market, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R1 District is intended to encourage and promote the development of single family residential neighborhoods free from land usage which might adversely affect such development, such a district may incorporate large lot sizes in which the green space desired is entirely within the lot or it may encourage the formation of green space communities in which th…
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
196.15 ac
Source
Realmo
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 New Market submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Market 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,786
Tax year 2023
Assessed value
$138,200
Assessed 2023
Previous assessed
$122,200
+13.1% YoY
Effective rate
1.29%
On assessed value
Land market value
$154,200
Total market value
$154,200
Applied tax rate
8.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
NONE
Lot
2.44 ac (106,286 SF)
Zoning code
R1
APN
09-263799
UPID
US40-1820134
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R1 · New Market, MDZoning R1 · permitted uses
R1 · New Market, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R1 District is intended to encourage and promote the development of single family residential neighborhoods free from land usage which might adversely affect such development, such a district may incorporate large lot sizes in which the green space desired is entirely within the lot or it may encourage the formation of green space communities in which the lot sizes are made smaller and that the area which results from the reduction of the area of each lot below the general standard for the district be provided and maintained as recreation areas to serve the needs of the residents of the development
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
196.15 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Lot
2.44 ac
Current owner
From public records · entity-resolved
Dorothy J Burhans Family LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 76, NEW MARKET, MD 21774-0076
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
—
Dorothy J Burhans Family LLC
Dorothy J Burhans
Intrafamily Transfer
related
—
Apr 9, 2021
—
Dorothy J Burhans
Dorothy J Burhans
Intrafamily Transfer
related
—
Oct 28, 2015
—
Burhans,dorothy J Living Trust
Burhans,winslow F JR & Dorothy J
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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