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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Commercial real estate
1197 Jacob Tome Memorial Hwy, Port Deposit, MD 21904-1686
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1524344
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1800
Total area
3,456 SF
Lot
1.42 ac (61,855 SF)
Zoning code
BG
APN
06-028292
UPID
US40-1524344
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$775k
Blend (final)
Blend
$930k
Owner & transaction history
Adam L Kelso · 4 yrs held
Adam L Kelso
since 2022
7 recorded transactions
Zoning & alternative use
BG · Port Deposit, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$670,000
+53.2%
Retail stores
$655,000
+50.1%
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 Port Deposit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Deposit 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$670,000
Change: +53% · Conversion: Easy
RETAIL STORES
$655,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10%
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
$269 / 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
$6,226
Tax year 2023
Assessed value
$558,333
Assessed 2023
Previous assessed
$541,900
+3.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$288,600
Improvement market value
$302,600
Total market value
$591,200
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1800
Heating
RADIANT
Buildings
2
Stories
2
Units
2
Bathrooms
1
Total area
3,456 SF
Lot
1.42 ac (61,855 SF)
Zoning code
BG
APN
06-028292
UPID
US40-1524344
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BG · Port Deposit, MD
Zoning BG · permitted uses
BG · Port Deposit, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Deposit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$670,000
RETAIL STORES
Est. value
$655,000
OFFICE BUILDING
RETAIL STORES
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
1800
Heating
RADIANT
Stories
2
Buildings
2
Units
2
Bathrooms
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Adam L Kelso
Individual
Mailing address
1197 JACOB TOME MEMORIAL HWY, PORT DEPOSIT, MD 21904-1686
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
—
Adam L Kelso
Richard A Kelso
Gift Deed
related
—
Sep 8, 2021
—
Richard A Kelso
—
Deed
related
$378,400 · Loandepot.com LLC
Jul 28, 2016
$545,000
Richard A Kelso
Roger Dale Poffenbarger
Deed
$408,750 · Midstate Community Bank
Feb 26, 2008
$612,000
Richard A Kelso Investment Pro
Poffenbarger,roger D & Aletta F
Grant Deed
$385,000 · Harford Bank
—
—
Roger D Poffenbarger
—
Deed Of Trust
related
$637,500 · Mld Mortgage INC
—
—
Roger D Poffenbarger
—
Deed Of Trust
related
$259,250 · Ameriquest Mortgage Corp
—
—
Roger D Poffenbarger
—
Deed Of Trust
related
$125,000 · Residential Finance Corp
—
—
Roger D Poffenbarger
—
Deed Of Trust
related
$305,000 · Town & Country Credit
—
—
Roger D Poffenbarger
—
Deed Of Trust
related
$1 · Hud
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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