Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    755 W Pulaski Hwy Elkton, MD 21921

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,000

    Commercial pad site with high visibility and access.

    Lot size:
    2.72 Acres

    Property Features for 755 W Pulaski Hwy

    General Information

    Lot size
    2.72 Acres

    We can help!

    Listing Contact
    Jeff Sellers
    Jeff Sellers
    Source: Moodyscre

    Listing Agent: Jeff Sellers

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

    Learn more

    Overview

    Commercial Pad Site in Elkton

    This commercial pad site is located in Elkton, Maryland, immediately off Route 40/Pulaski Highway. The location offers visibility and access from Commerce Center Drive and the Sheetz C-Store. Plans are in place for a national brand carwash across the street, as well as expansion of the Apple Auto dealership contiguous to the site. The property is part of the Route 40 growth corridor in Cecil County, Maryland.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8748561
    Latitude
    39.6088812

    Nearby Similar for Sale

    • $375,000
      3,265 SF

      Four-Unit Building in Elkton, MD

      Four-unit building with commercial space in a prime location.
      162 W Main St, Elkton, MD 21921
      View Details
    • $329,000
      0.33 Acres

      Former Medical Office in Elkton

      Commercial property with detached garage and additional lot for sale.
      223 Main St W, Elkton, MD 21921
      View Details
    • $1,125,000
      31.71 Acres

      Income-Producing Ranch Homes with Land

      Three brick ranch homes on 31.71 acres with income potential.
      40 Mimosa Ln, Elkton, MD 21921
      View Details
    • New
      Contact for pricing

      Triton Marina Boat Slip Ownership

      Rare opportunity to own a boat slip at Triton Marina.
      Plum Point Rd, Elkton, MD 21921
      View Details
    • $699,990

      Medical Center Building with Solar

      Medical or professional office building near Weaver's Discount Mart.
      1771 W Pulaski Hwy, Elkton, MD 21921
      View Details
    • $247,900
      1,584 SF

      Updated Townhome with Finished Basement

      End-unit townhome with updates, finished basement, and fenced yard.
      18 Thyme St, Elkton, MD 21921
      View Details
    • $290,000

      West Creek Village Townhome

      6-year-old townhome near shopping, entertainment, and highways.
      112 Azalea Cir, Elkton, MD 21921
      View Details
    • $205,000

      Elkton Townhouse with Fenced Yard

      Well-maintained 2-bedroom townhouse near Delaware line, ideal for various buyers.
      25 Hatteras Ct, Elkton, MD 21921
      View Details
    • $559,000

      Downtown Elkton Commercial Office Building

      Three-story office building in Elkton's Central Business District.
      103 Court House Plz, Elkton, MD 21921
      View Details
    • $300,000

      Elkton Duplex with Income Potential

      Duplex in Elkton with two units and off-street parking.
      223-225 W High St, Elkton, MD 21921
      View Details
    • $310,000

      Office Building Near Courts

      Office building with recent updates near the Circuit and District Courts.
      212 E Main St, Elkton, MD 21921
      View Details
    • $350,000

      Elkton Triplex Investment Opportunity

      Three units, separately metered, with recent HVAC and roof.
      228 E Main St, Elkton, MD 21921
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial pad site with high visibility and access.
    Where is this commercial land located?
    The property is located at 755 W Pulaski Hwy Elkton, MD.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Excellent visibility and access directly off Rte 40 / Pulaski Hwy.; - Located in the expanding Rte 40 growth corridor in Cecil County, Maryland.; - Plans in place for a national brand carwash across the street.
    (302) 275-5566
    Request Owner's contact information
    755 W Pulaski Hwy Elkton, MD 21921
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    755 W Pulaski Hwy
    Elkton, MD 21921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    755 W Pulaski Hwy Elkton, MD 21921
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Sellers
    Jeff Sellers
    (302) 275-5566
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.