Individually Owned Property summary
AI-generated overview
Located at 2821 Millington Road, Millington, MD 21651, the property is a free-standing commercial building totaling 2,576 sq. ft. situated on a 0.14-acre corner lot. The building was formerly used as a pizzeria and is configured in a way that can support related neighborhood retail uses such as a small restaurant, deli, or convenience store. The site is positioned for vehicular visibility along a road with access to major routes including MD-313 and MD-291, providing connectivity to nearby towns and cities.
Property profile
Verified
Property type
Restaurants
Use group
RESTAURANT
Year built
1940
Construction
BRICK
Total area
2,576 SF
Lot
0.14 ac (6,316 SF)
Zoning code
VC
APN
07-000103
UPID
US40-2033545
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$145k
Owner & transaction history
since 2008
2 recorded transactions
Zoning & alternative use
VC · Millington, MD
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$145k
Value range
$131k – $160k
±10% around blend
Estimated value / SF
$56 / SF
Confidence
Property data
100
Comparable evidence
60
$131k
blend $145k
$160k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,576 SF
Lot area
0.14 ac
Year built
1940
Stories
1
APN
07-000103
Zoning
VC
Assessed value
$180,467
Annual tax
$1,700
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$145k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$180k
Move the market yield to see immediate price impact.
Value / SF
$70
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$11k
$227k
$162k
$126k
$13k
$253k
$180k
$140k
$14k
$278k
$199k
$154k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,700
Tax year 2023
Assessed value
$180,467
Assessed 2023
Previous assessed
$180,100
+0.2% YoY
Effective rate
0.94%
On assessed value
Land market value
$70,000
Improvement market value
$111,200
Total market value
$181,200
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,576 SF
Lot
0.14 ac (6,316 SF)
Zoning code
VC
APN
07-000103
UPID
US40-2033545
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
VC · Millington, MDZoning VC · permitted uses
VC · Millington, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1940
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
VC
Jurisdiction
Millington, MD
Recorded code
VC
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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