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Property profile & analytics
OFF-MARKET
Estimated value
$6,660,000
Commercial land
Veterans Hwy Millersville, MD 21108
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-1441921
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.94 ac (84,550 SF)
Zoning code
R22
APN
03-000-22634300
UPID
US40-1441921
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
$7.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.66M
Owner & transaction history
Jen Maryland 3 LLC · 3 yrs held
Jen Maryland 3 LLC
since 2023
Last sale
$6.1M
5 recorded transactions
Zoning & alternative use
R22 · Millersville, 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 Millersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millersville 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
$7,375,000
ML approach
$7,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.66M
Range $5.99M – $7.33M · ±10% · vs last sale $6.05M (Jan 23 2023)
Last sale anchor
$6.05M
Jan 23 2023
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
—
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
$7,060
Tax year 2023
Assessed value
$646,500
Assessed 2023
Previous assessed
$646,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$646,500
Land market value
$646,500
Total market value
$646,500
Applied tax rate
3.0000
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
Heating
NONE
Lot
1.94 ac (84,550 SF)
Zoning code
R22
APN
03-000-22634300
UPID
US40-1441921
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R22 · Millersville, MDZoning R22 · permitted uses
R22 · Millersville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.94 ac
Current owner
From public records · entity-resolved
Jen Maryland 3 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6085 MARSHALEE DR STE #350, ELKRIDGE, MD 21075-6023
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2023
$6,052,500
Jen Maryland 3 LLC
Nolberry Land Investments LLC
Deed
—
Jan 23, 2023
—
The Willows Homeowners Association
Spectec LLC
Foreclosure
related
—
Jan 6, 2017
—
Clement LLC
—
Deed
related
$2,000,000 · Howard Bk
Jan 3, 2013
$1,695,000
Clement LLC
Harry B Trueman
Deed
—
—
—
Clement LLC
—
Loan Modification
related
$2,000,000 · Howard Bk
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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