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Property profile & analytics
FOR SALE
Manufacturing properties
1000 Konica Dr, Elkton, MD 21921
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-2289796
For Sale
1 / 9
$10,456,171
1000 Konica Dr, Elkton, MD 21921
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
BRICK
Total area
94,871 SF
Lot
14.66 ac (638,372 SF)
Zoning code
BI
APN
03-089428
UPID
US40-2289796
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
-
Micropore Inc Industrial Manufacturer Production Facility
-
SpiraLith Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.60M
CAP Approach
CAP
$7.52M
Comparable Approach
Comparable
$9.11M
Blend (final)
Blend
$7.60M
Owner & transaction history
Tempus Elkton LLC · 2 yrs held
Tempus Elkton LLC
since 2024
Last sale
$7.6M
5 recorded transactions
Zoning & alternative use
BI · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.2M
+2.2%
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
$7,600,000
ML approach
$7,600,000
CAP Approach
CAP Return
Estimation
6%
$8,145,000
6.5%
$7,515,000
7%
$6,980,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,965,000
Current use
COMMERCIAL (GENERAL)
$12,225,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$11,735,000
Change: -2% · Conversion: Moderate
RESTAURANT
$10,225,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$7.60M
Range $6.84M – $8.36M · ±10% · vs last sale $7.60M (Jun 7 2024)
Last sale anchor
$7.60M
Jun 7 2024
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
$80 / 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
$53,184
Tax year 2023
Assessed value
$3,056,567
Assessed 2023
Previous assessed
$3,056,567
+0.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$1,465,000
Improvement market value
$1,621,600
Total market value
$3,086,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1989
Construction
BRICK
Heating
FORCED AIR
Stories
2
Units
1
Total area
94,871 SF
Lot
14.66 ac (638,372 SF)
Zoning code
BI
APN
03-089428
UPID
US40-2289796
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BI · Elkton, MD
Zoning BI · permitted uses
BI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES
Est. value
$11.7M
RESTAURANT
Est. value
$10.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1989
Construction
BRICK
Heating
FORCED AIR
Stories
2
Units
1
Lot
14.66 ac
Current owner
From public records · entity-resolved
Tempus Elkton LLC
Entity
Mailing address
1 ALLIED DR STE #1715, LITTLE ROCK, AR 72202-2069
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$7,599,634
Tempus Elkton LLC
Fe Reality LLC
Special Warranty Deed
$4,787,769 · Relyance Bank NA
Jun 19, 2018
$4,200,000
John A Scaldara JR
Micropore Upper Chesapeake LLC
Special Warranty Deed
$3,400,000 · Fulton Bank NA
Jul 20, 2009
$3,302,488
Micropore Upper Chesapeake LLC
Mitsubishi Kagaku Imaging Corp
Grant Deed
$1,712,500 · Commerce First Bank
Dec 21, 2005
$3,400,000
Mitsubishi Kagaku Imaging Corp
Konica Supplies Manufacturing Us
Grant Deed
—
—
—
Micropore Upper Chesapeake LLC
—
Deed Of Trust
related
$351,429 · Pnc 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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