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    Property profile & analytics

    11719 Old National Pike New Market, MD 21774-6111

    • Grocery and convenience stores
    • 1,080 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    $1,965,000
    Last Sale
    Jul 31, 2020
    $2,370,000
    Location Intelligence
    Property ID
    US40-1196450
    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

    • Grocery and convenience stores

    Property Details for 11719 Old National Pike

    Year built
    1989
    Construction
    BRICK
    Lot size
    1.05 lot acres
    Property size
    1,080 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    09-270310
    APU
    9270310

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,820,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,385,000
      6.5%
      $2,600,000
      7%
      $2,230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,340,000
      Geo Method
      $2,140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,540,000
      Retail
      $2,525,000
      Mixed-Use
      $2,490,000
      Hospitality
      $2,115,000
      Educational
      $2,400,000
      Residential Income
      $2,100,000
      Energy
      $2,095,000
      Income-Based Land
      $2,330,000
      Food Service
      $2,350,000

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Frederick
    State
    Maryland
    Longitude
    -77.2573
    Latitude
    39.3838
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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
    $10,179
    $0.00
    $0.00
    $836,800
    -
    $549,300
    $414,500
    $963,800

    Comparable in this City

    • Value Estimation by Request
      2,412 SF

      11780 Old National Pike

      CONVENIENCE STORE • 2,412 SF
      11780 Old National Pike, New Market, MD 21774-6109
      View Details
    • Value Estimation by Request
      656 SF

      12051 Old National Pike

      RETAIL STORES (PERSONAL SERVICES) • 656 SF
      12051 Old National Pike, New Market, MD 21774-6116
      View Details
    • Value Estimation by Request
      3,000 SF

      Spg Rdg Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      Spg Rdg Pkwy, New Market, MD 21774
      View Details
    • Value Estimation by Request
      12,818 SF

      5414 Rotary Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,818 SF
      5414 Rotary Ave, New Market, MD 21774-6117
      View Details
    • Value Estimation by Request
      880 SF

      55 Main St

      RETAIL STORES (PERSONAL SERVICES) • 880 SF
      55 Main St, New Market, MD 21774-6202
      View Details
    • Value Estimation by Request
      1,650 SF

      3 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      3 Main St, New Market, MD 21774-6280
      View Details

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    New Market, MD 21774-6111
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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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