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    307 Augustine Herman Hwy Elkton, MD 21921

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    For Lease
    $16 SF/Yr ($3,432 /Mo)

    Retail space available with high visibility and traffic counts.

    Property size:
    2,574 SF
    Lot size:
    13.76 Acres

    Property Features for 307 Augustine Herman Hwy

    General Information

    Size
    2,574 SF
    Lot size
    13.76 Acres

    Source: DSM Commercial Agent Davis Mitchell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space with High Visibility

    This retail space offers high visibility and benefits from high traffic counts, with a combined Average Annual Daily Traffic (AADT) of 49,000 vehicles per day. The property features direct access to a full traffic signal. The property size is 2574 square feet and is located at 307 Augustine Herman Hwy, Elkton, MD.
    Location Intelligence

    Current Use by Public Records

    Walts Tavern Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8247763
    Latitude
    39.5885669

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    FAQs

    What type of property is this?
    Retail space - Retail space available with high visibility and traffic counts.
    Where is this retail space located?
    The property is located at 307 Augustine Herman Hwy Elkton, MD.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High traffic counts (49,000 VPD combined AADT); - High visibility; - Direct access to a full traffic signal
    (302) 530-2512
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    307 Augustine Herman Hwy Elkton, MD 21921
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    Elkton, MD 21921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 Augustine Herman Hwy Elkton, MD 21921
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