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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Industrial properties
107 Chesapeake Blvd, Elkton, MD 21921-6390
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US40-2229854
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,978 SF
Lot
4.9 ac (213,444 SF)
Zoning code
B1
APN
03-115607
UPID
US40-2229854
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
-
McCrone Land Surveyor Engineering Consultant
-
Janelle K. Cannon, DPT Physician
-
Amedisys Hospice Care Nursing Home
-
Amedisys Home Health Care Home Health Care Service
-
Department of Emergency Services Emergency Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
Cecil County · 10 yrs held
Cecil County
since 2016
4 recorded transactions
Zoning & alternative use
B1 · Elkton, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$46 / 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
Assessed value
$4,320,000
Assessed 2023
Previous assessed
$4,320,000
+0.0% YoY
Assessed land
$336,000
Assessed improvement
$3,984,000
Land market value
$336,000
Improvement market value
$3,984,000
Total market value
$4,320,000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
54,978 SF
Lot
4.9 ac (213,444 SF)
Zoning code
B1
APN
03-115607
UPID
US40-2229854
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
B1 · Elkton, MD
Zoning B1 · permitted uses
B1 · 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.
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
Cecil County
Entity
Mailing address
200 CHESAPEAKE BLVD STE #2100, ELKTON, MD 21921-6659
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2016
$7,100,000
Cecil County
Red Leaf-chesapeake LLC
Grant Deed
—
Jul 23, 2012
$6,100,000
Red Leaf Chesapeake LLC
Upper Chesapeake Flex One LLC
Grant Deed
$4,880,000 · Rosedale Federal S & L Assn
Sep 17, 2002
$400,000
Upper Chesapeake Flex One LLC
William F Burkley Estate
Grant Deed
—
—
—
Upper Chesapeake Flex One LLC
—
Deed Of Trust
related
$5,200,000 · Citizens Bank Pennsylvania
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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