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Property profile & analytics
OFF-MARKET
Estimated value
$6,585,000
Warehouses
1089 Augustine Herman Hwy, Elkton, MD 21921-7854
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0290575
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.59M
Owner & transaction history
Boundary Acorn LLC · 4 yrs held
Boundary Acorn LLC
since 2022
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
BG · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.0M
+70.1%
Retail stores
$6.9M
+66.7%
Commercial (general)
$4.2M
+1.4%
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
$6,660,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,590,000
6.5%
$6,085,000
7%
$5,650,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,140,000
Current use
OFFICE BUILDING
$7,045,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$6,900,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,200,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±10% · vs last sale $6.80M (Jun 23 2022)
Last sale anchor
$6.80M
Jun 23 2022
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
$181 / 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
$17,599
Tax year 2023
Assessed value
$1,588,100
Assessed 2023
Previous assessed
$1,570,600
+1.1% YoY
Effective rate
1.11%
On assessed value
Land market value
$678,500
Improvement market value
$927,100
Total market value
$1,605,600
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
36,300 SF
Lot
8.2 ac (357,192 SF)
Zoning code
BG
APN
02-039591
UPID
US40-0290575
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BG · Elkton, MD
Zoning BG · permitted uses
BG · 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
WAREHOUSE, STORAGE Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$7.0M
RETAIL STORES
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1999
Construction
BRICK
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
8.2 ac
Current owner
From public records · entity-resolved
Boundary Acorn LLC
Entity
Mailing address
4800 HAMPDEN LN STE #800, BETHESDA, MD 20814-2956
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$6,800,000
Boundary Acorn LLC
Acorn Investment Company LLC
Special Warranty Deed
—
May 15, 2017
—
Acorn Invs Co
—
Deed
related
$500,000 · M&t Bk
Jan 8, 2001
$1,400,000
Acorn Investmemt Co LLC
Chesapeake Storage LLC
Grant Deed
$1,550,000 · Wilmington Trust Co
—
—
Acorn Investment Co LLC
—
Deed Of Trust
related
$5,321,000 · Mercantile County Bank
—
—
Acorn Investment Co LLC
—
Deed Of Trust
related
$300,000 · Wilmington Trust Co
—
—
Acorn Invs Co
—
Deed Of Trust
related
$500,000 · M&t Bk
—
—
Acorn Investment Co LLC
—
Deed Of Trust
related
$1,800,000 · Wilmington Trust Co
—
—
Acorn Investment Co LLC
—
Deed Of Trust
related
$700,000 · Wilmington Trust Fsb
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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