Property profile

1089 Augustine Herman Hwy Elkton, MD 21921

OFF-MARKET
Warehouses
Property ID
US40-0290575
36,300 SF 8.2 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Elkton, Maryland industrial property offers a unique opportunity for businesses seeking secure outdoor storage solutions. Located at 1089 Augustine Herman Hwy, Elkton, MD 21921, this 6-acre site (261,360 square feet) is zoned BG and provides multiple tenancy options. The property features readily available rental parking and outdoor storage lots, ideal for equipment, materials, or vehicles. Tenants have the flexibility to customize their space by fencing their own designated area. Lot sizes range in size from a quarter-acre to the full six acres, catering to diverse storage needs. Conveniently situated near Route 213, this property offers excellent accessibility and visibility. The property is ready for immediate occupancy, providing a practical and cost-effective solution for various industrial and commercial storage requirements. No elevators are present on this land-based property. This is an exceptional opportunity to secure a prime location for your outdoor storage needs in a thriving Maryland market. Contact us today to learn more about available lot sizes and lease terms.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1999
Construction BRICK
Total area 36,300 SF
Lot 8.2 ac (357,192 SF)
Zoning code BG
APN 02-039591
UPID US40-0290575

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
  • Storage Facility

Location

1089 Augustine Herman Hwy Elkton, MD 21921-7854
Elkton metro Census 30200 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
$6.09M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.66M

Owner & transaction history

since 2022
Last sale
$6.8M
7 recorded transactions
2022
$6.8M
2017
Price N/A
2001
$1.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BG · Elkton, MD
Top alternative use upside
Office building $7.0M +70.1%
Retail stores $6.9M +66.7%
Commercial (general) $4.2M +1.4%

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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