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Property profile & analytics
OFF-MARKET
Estimated value
$20,545,000
Warehouses
Reserve Par B B, Odenton, MD 21113
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1775241
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
101,802 SF
Lot
3.7 ac (161,172 SF)
Zoning code
O-NOD
APN
04-680-90058149
UPID
US40-1775241
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
$27.22M
Blend (final)
Blend
$20.55M
Owner & transaction history
Cubesmart LP · 1 yrs held
Cubesmart LP
since 2024
7 recorded transactions
Zoning & alternative use
O-NOD · Odenton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Odenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odenton 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
$33,950,000
Current use
COMMERCIAL (GENERAL)
$28,175,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$20.55M
Range $18.49M – $22.60M · ±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
$202 / 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
$150,960
Tax year 2023
Assessed value
$17,946,700
Assessed 2024
Previous assessed
$17,946,700
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$2,505,000
Improvement market value
$19,564,200
Total market value
$22,069,200
Applied tax rate
4.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Buildings
4
Stories
3
Units
4
Total area
101,802 SF
Lot
3.7 ac (161,172 SF)
Zoning code
O-NOD
APN
04-680-90058149
UPID
US40-1775241
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
O-NOD · Odenton, MD
Zoning O-NOD · permitted uses
O-NOD · Odenton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odenton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$34.0M
COMMERCIAL (GENERAL)
Est. value
$28.2M
WAREHOUSE, STORAGE Current
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
2019
Heating
YES
Cooling
Yes
Stories
3
Buildings
4
Units
4
Lot
3.7 ac
Current owner
From public records · entity-resolved
Cubesmart LP
Entity
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 23, 2024
—
Cubesmart LP
Cs 1031 Acquisition LLC
Special Warranty Deed
—
Jul 9, 2021
$22,075,000
Cs 1031 Acquisition LLC
Ssz Odenton Self Mortgage LLC
Special Warranty Deed
—
Jul 9, 2021
—
Ssz Odenton Self Storage LLC
Halle Development INC
Correction Deed
related
—
Dec 19, 2018
—
Ssz Odenton Self Storage LLC
Cambridge Commons LP
Quit Claim Deed
related
—
Dec 19, 2018
$1,250,000
Ssz Odenton Self Storage LLC
Halle Development INC
Special Warranty Deed
—
Nov 5, 2014
$47,000,000
Oaks Phase Seven II
Severn Oaks Phase II LLC
Grant Deed
$38,250,000 · Cbre Cap Markets
Nov 27, 2001
$28,210,000
Asn Cambridge LLC
Cambridge Commons LP
Grant Deed
related
—
—
—
Seven Oaks Phase I LLC
—
Deed Of Trust
related
$39,509,000 · Column Guaranteed LLC
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.
Try Rey
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