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Property profile & analytics
OFF-MARKET
Estimated value
$5,850,000
Manufacturing properties
1001 Konica Dr, Elkton, MD 21921-6347
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-2229852
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
BRICK
Total area
63,000 SF
Lot
7.92 ac (344,995 SF)
Zoning code
BI
APN
03-090116
UPID
US40-2229852
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
-
Delaware Rebar Company General Contractor
-
FS Health agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.85M
Blend (final)
Blend
$5.85M
Owner & transaction history
Akc Holdins LLC · 8 yrs held
Akc Holdins LLC
since 2017
6 recorded transactions
Zoning & alternative use
BI · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.3M
+17.2%
Commercial (general)
$8.1M
+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
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
INDUSTRIAL (GENERAL)
$7,945,000
Current use
OFFICE BUILDING
$9,310,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,115,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$7,795,000
Change: -2% · Conversion: Moderate
RESTAURANT
$6,790,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.85M
Range $5.27M – $6.44M · ±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
$93 / 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
$34,149
Tax year 2023
Assessed value
$1,962,567
Assessed 2023
Previous assessed
$1,941,333
+1.1% YoY
Effective rate
1.74%
On assessed value
Land market value
$792,400
Improvement market value
$1,191,400
Total market value
$1,983,800
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
Off-Market
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
63,000 SF
Lot
7.92 ac (344,995 SF)
Zoning code
BI
APN
03-090116
UPID
US40-2229852
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
$7.9M
OFFICE BUILDING
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$8.1M
RETAIL STORES
Est. value
$7.8M
RESTAURANT
Est. value
$6.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
HEAT PUMP
Stories
1
Units
1
Lot
7.92 ac
Current owner
From public records · entity-resolved
Akc Holdins LLC
Entity
Mailing address
203 OLIVER GUESSFORD RD, TOWNSEND, DE 19734-9659
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2017
$2,000,000
Akc Holdins LLC
Wire Mesh Northeast LLC
Deed
$1,700,000 · Wilmington Savings Fund Society Fsb
Mar 31, 2011
$1,771,000
New Hayes Engineering INC
Rib Roof INC
Grant Deed
—
Mar 31, 2011
—
Wire Nesh Northeast Llcc
Rib Roof INC
Deed
—
Oct 29, 2003
$2,100,000
Rib Roof INC
Steel Technolgies Corp
Grant Deed
$1,575,000 · Bank Of America
Dec 9, 1999
—
Steel Techonolgies Corp
Steel Technoligies INC
Quit Claim Deed
related
—
—
—
Rib Roof INC
—
Deed Of Trust
related
$1,600 · Comerica 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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