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    Property profile & analytics

    1089 Augustine Herman Hwy Elkton, MD 21921-7854

    • Warehouses
    • 36,300 SF
    • 8.20 lot acres
    OFF-MARKET
    Value Estimation
    $6,675,000
    Last Sale
    Jun 23, 2022
    $6,800,000
    Location Intelligence
    Property ID
    US40-0290575
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CubeSmart Self Storage / Rv Storage Facility / Storage Facility

    Property Details for 1089 Augustine Herman Hwy

    Year built
    1999
    Construction
    BRICK
    Lot size
    8.20 lot acres
    Property size
    36,300 SF
    Zone code
    BG
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    02-039591
    APU
    2039591

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,660,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,760,000
      6.5%
      $6,985,000
      7%
      $6,240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,230,000
      Geo Method
      $6,650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,920,000
      Retail
      $7,390,000
      Mixed-Use
      $5,960,000
      Hospitality
      $7,005,000
      Educational
      $7,655,000
      Residential Income
      $6,210,000
      Energy
      $7,555,000
      Income-Based Land
      $7,415,000
      Food Service
      $7,010,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8108
    Latitude
    39.564
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,599
    $0.00
    $0.00
    $1,588,100
    -
    $678,500
    $927,100
    $1,605,600

    Comparable in this City

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      2,320 SF

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      300 Pulaski Hwy

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      20 Cecil Woods Rd

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      $2,140,000
      15,200 SF

      1882 Pulaski Hwy

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      View Details
    • Value Estimation by Request
      1,000 SF

      Blue Ball Rd

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      Blue Ball Rd, Elkton, MD 21921
      View Details
    • Value Estimation by Request
      8,864 SF

      295 Blue Ball Rd

      WAREHOUSE, STORAGE • 8,864 SF
      295 Blue Ball Rd, Elkton, MD 21921-5336
      View Details

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    Similar Nearby for Lease

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    Elkton, MD 21921-7854
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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