Property profile

103 Ct House Plz Elkton, MD 21921

OFF-MARKET
Office buildings
Property ID
US40-0544291
3,500 SF 0.08 ac lot Built 1963
Trust Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 103 Court House Plaza in Elkton, Maryland, presents a rare opportunity for businesses seeking a prestigious downtown address. The 5,250 square foot building sits on a 0.08-acre lot and is ideally situated in the heart of the Central Business District, just steps from the Elkton Circuit Court. The property offers three levels of versatile office space, perfect for a variety of professional uses. The first floor features five private offices, a kitchenette, and a half bath, providing a functional space for daily operations. The second floor includes a welcoming reception area, a spacious conference room, five additional offices, and three half baths, ideal for meetings and team collaboration. The third floor boasts another reception area, six offices, an open workspace area offering flexibility for different business needs, and two half baths. This layout provides ample space for a growing business to thrive. The building's prime location and adaptable design make it suitable for law firms, professional services, or any business seeking a prominent downtown presence. Priced at $659,000, this is a unique opportunity to acquire a well-positioned commercial property in a thriving area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Construction BRICK
Total area 3,500 SF
Lot 0.08 ac (3,700 SF)
Zoning code C1
APN 03-050807
UPID US40-0544291

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Title Company
  • Land Surveyor
  • Environmental Consultant

Location

103 Ct House Plz Elkton, MD 21921-5687
Elkton metro Census 30400 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
Last sale
$500,000
1 recorded transaction
2025
$500,000

Zoning & alternative use

C1 · Elkton, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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