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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Commercial land
Philadelphia Blvd, Aberdeen, MD 21001
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US40-1811988
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1956
Total area
2,318 SF
Lot
3.33 ac (145,219 SF)
Zoning code
B3
APN
02-029723
UPID
US40-1811988
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
$360k
Comparable Approach
Comparable
$525k
Blend (final)
Blend
$505k
Owner & transaction history
Aberdeen Hospitality Mgmt LLC · 18 yrs held
Aberdeen Hospitality Mgmt LLC
since 2008
7 recorded transactions
Zoning & alternative use
B3 · Aberdeen, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$725,000
+36.4%
Retail stores
$580,000
+8.8%
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
AUTO REPAIR, GARAGE
$725,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$470,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$218 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,683
Tax year 2022
Assessed value
$701,000
Assessed 2023
Previous assessed
$701,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$701,000
Land market value
$701,000
Total market value
$701,000
Applied tax rate
200.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1956
Heating
BASEBOARD
Cooling
YES
Stories
2
Bathrooms
2
Total area
2,318 SF
Lot
3.33 ac (145,219 SF)
Zoning code
B3
APN
02-029723
UPID
US40-1811988
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Aberdeen, MD
Zoning B3 · permitted uses
B3 · Aberdeen, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aberdeen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RETAIL STORES
Est. value
$580,000
OFFICE BUILDING
Est. value
$470,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1956
Heating
BASEBOARD
Cooling
Yes
Stories
2
Bathrooms
2
Lot
3.33 ac
Current owner
From public records · entity-resolved
Aberdeen Hospitality Mgmt LLC
Entity
Mailing address
6251 WASHINGTON BLVD, ELKRIDGE, MD 21075-5236
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2008
$725,000
Aberdeen Hospitality Mgmt LLC
Mrc INC
Grant Deed
$471,250 · Pnc Bank
May 31, 2005
$856,170
Covengton Group Ltd
Mrc INC
Grant Deed
—
May 31, 2005
—
Mrc INC
Mrc INC
Quit Claim Deed
related
—
May 31, 2005
$695,000
Mrc INC
Parrotta,tony C
Grant Deed
—
Jan 12, 2001
$238,500
Tony C Parrotta
Walkers Glen LP
Grant Deed
—
Dec 18, 1998
$700,000
Glen LP Walkers
Parrotta,tony C & Mary C
Grant Deed
$644,400 · Seller
—
—
Aberdeen Hospitality Mgmt LLC
—
Deed Of Trust
related
$350,000 · Harford Bank
—
—
Covengton Group Ltd
—
Deed Of Trust
related
$3,585,250 · Branch Banking & Trust Co
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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