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Property profile & analytics
OFF-MARKET
Estimated value
$10,160,000
Warehouses
Tipton Airport Fort Meade, MD 20755
Entity Owned
Free & Clear
Property ID
US40-1676625
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
32,450 SF
Lot
349.97 ac (15,244,693 SF)
Zoning code
R1
APN
04-000-90213642
UPID
US40-1676625
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
$13.46M
Blend (final)
Blend
$10.16M
Owner & transaction history
ANNE ARUNDEL COUNTY
ANNE ARUNDEL COUNTY
Zoning & alternative use
R1 · Fort Meade, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.3M
+50.2%
Restaurant
$15.8M
+45.7%
Auto repair, garage
$13.8M
+27.6%
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 Fort Meade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Meade 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
$10,820,000
Current use
OFFICE BUILDING
$16,250,000
Change: +50% · Conversion: Difficult
RESTAURANT
$15,765,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,800,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,595,000
Change: +26% · Conversion: Easy
RETAIL STORES
$13,445,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$11,880,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,945,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$10.16M
Range $9.14M – $11.18M · ±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
$313 / 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
Assessed value
$8,874,400
Assessed 2023
Previous assessed
$8,697,600
+2.0% YoY
Land market value
$5,491,100
Improvement market value
$3,736,900
Total market value
$9,228,000
Applied tax rate
4.0000
Comparables
2 recent transactions · within 1.5 miComparable in this city
2 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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
SPACE
Buildings
8
Stories
1
Units
9
Total area
32,450 SF
Lot
349.97 ac (15,244,693 SF)
Zoning code
R1
APN
04-000-90213642
UPID
US40-1676625
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R1 · Fort Meade, MD
Zoning R1 · permitted uses
R1 · Fort Meade, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Meade. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.8M
OFFICE BUILDING
Est. value
$16.3M
RESTAURANT
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$13.8M
INDUSTRIAL (GENERAL)
Est. value
$13.6M
RETAIL STORES
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$9.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1978
Heating
SPACE
Stories
1
Buildings
8
Units
9
Lot
349.97 ac
Current owner
From public records · entity-resolved
ANNE ARUNDEL COUNTY
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 155, ODENTON, MD 21113-0155
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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