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Property profile & analytics
OFF-MARKET
Estimated value
$5,845,000
Hospitals
1 Price Dr Elkton, MD 21921-6731
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1263675
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1994
Construction
BRICK
Total area
65,668 SF
Lot
4.52 ac (196,891 SF)
Zoning code
C2
APN
03-095967
UPID
US40-1263675
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
Current use
Occupant on record · Public records
-
Elkton Nursing and Rehabilitation Nursing Home
-
Mr Price home Church Mosque
-
Michele Tyler Physician
-
Sonia Long Physician
-
Sharon Fanning Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.84M
Blend (final)
Blend
$5.85M
Owner & transaction history
1 Price Drive Property LLC · 6 yrs held
1 Price Drive Property LLC
since 2019
3 recorded transactions
Zoning & alternative use
C2 · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.7M
+63.0%
Commercial (general)
$8.5M
+42.2%
Industrial (general)
$8.3M
+39.1%
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 Elkton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkton 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,950,000
Current use
OFFICE BUILDING
$9,700,000
Change: +63% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,460,000
Change: +42% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,280,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$8,125,000
Change: +36% · Conversion: Difficult
RESTAURANT
$7,080,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,585,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,050,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.85M
Range $5.26M – $6.43M · ±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
$89 / 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
$216,321
Tax year 2023
Assessed value
$12,432,267
Assessed 2023
Previous assessed
$11,129,333
+11.7% YoY
Effective rate
1.74%
On assessed value
Land market value
$726,500
Improvement market value
$13,008,700
Total market value
$13,735,200
Applied tax rate
30.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1994
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Units
177
Total area
65,668 SF
Lot
4.52 ac (196,891 SF)
Zoning code
C2
APN
03-095967
UPID
US40-1263675
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
C2 · Elkton, MD
Zoning C2 · permitted uses
C2 · Elkton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.0M
OFFICE BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$8.3M
RETAIL STORES
Est. value
$8.1M
RESTAURANT
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.6M
WAREHOUSE, STORAGE
Est. value
$5.1M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1994
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
177
Lot
4.52 ac
Current owner
From public records · entity-resolved
1 Price Drive Property LLC
Entity
Mailing address
400 BLVD OF AMERICAS UNIT #401, LAKEWOOD, NJ 08701-4787
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
1 Price Drive Property LLC
—
Deed
related
$253,286 · Capital Funding
Nov 25, 2019
$23,000,000
1 Price Drive Property LLC
Elkton Care Ctr Assocs LP
Grant Deed
$32,000 · Monticello Structured Products
—
—
Elkton Care Center Assocs LP
—
Deed Of Trust
related
$5,721,800 · Walker & Dunlop
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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