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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Strip malls
3135 Joseph Biggs Memorial Hwy, North East, MD 21901-1839
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0890878
Property summary
AI-generated overview
College Crossing, a fully leased 24,000 square foot shopping center in North East, Maryland, presents a compelling investment opportunity. Located at 3135 Joseph Biggs Memorial Hwy, 21901, this multi-tenant retail property boasts a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $416,537 and a 6.50% capitalization rate. The asking price is $6,408,266, translating to a price per square foot of $267.01. Benefiting from its strategic location just off I-95 and directly across from Cecil College, the center enjoys high visibility and strong traffic flow. The diverse tenant mix contributes to the property's consistent performance and stable income stream. This property is part of a portfolio of two retail centers, offering the potential for individual or package purchase. The lease type is Net. Further details are available upon request and execution of a confidentiality agreement. Please refrain from contacting or disturbing the tenants.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Construction
WOOD
Total area
23,544 SF
Lot
2.5 ac (108,900 SF)
Zoning code
BG
APN
05-106494
UPID
US40-0890878
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
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$865k
Owner & transaction history
Nick & Alex LLC · 11 yrs held
Nick & Alex LLC
since 2014
7 recorded transactions
Zoning & alternative use
BG · North East, 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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$37 / 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
Tax billed
$31,464
Tax year 2023
Assessed value
$2,849,000
Assessed 2023
Previous assessed
$2,745,233
+3.8% YoY
Effective rate
1.10%
On assessed value
Assessed land
$300,300
Assessed improvement
$2,548,700
Land market value
$300,300
Improvement market value
$2,548,700
Total market value
$2,849,000
Applied tax rate
5.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
23,544 SF
Lot
2.5 ac (108,900 SF)
Zoning code
BG
APN
05-106494
UPID
US40-0890878
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BG · North East, MD
Zoning BG · permitted uses
BG · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2010
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Nick & Alex LLC
Entity
Mailing address
13001 RIGGIN RDG RD, OCEAN CITY, MD 21842-9717
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Nick & Alex LLC
—
Deed
related
$1,000,000 · Artisans Bank
Jan 24, 2023
—
Nick & Alex LLC
—
Deed
related
$5,000,000 · Artisans Bank
Aug 10, 2018
—
Ccp Outdoor LLC
—
Grant Deed
related
$6,500,000 · Legacy Bk/tx
Aug 28, 2014
—
Nick & Alex LLC
Rock On LLC
Grant Deed
—
Aug 23, 2006
$210,000
Rock On LLC
Striper Bay LLC
Grant Deed
—
Feb 23, 2004
$210,000
Striper Bay LLC
Racine,eugene F & Nancy
Grant Deed
$247,000 · Cecil Fsb
—
—
Rock On LLC
—
Deed Of Trust
related
$3,424,000 · Nbrs Financial Bank
—
—
Rock On LLC
—
Deed Of Trust
related
$1,050,000 · Wilmington Trust Fsb
—
—
Rock On LLC
—
Deed Of Trust
related
$422,000 · Nbrs Financial Bank
—
—
Nick & Alex LLC
—
Deed Of Trust
related
$184,811 · Eugene F & Nancy Racine
—
—
Rock On LLC
—
Deed Of Trust
related
$3,350,000 · Nbrs Financial Bank
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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