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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    130 Main St Elkton, MD 21921-5907

    • Retail space
    • 936 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    5.2%
    Retail space
    Location Intelligence
    Property ID
    US40-2230073
    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

    • Millstone Jewelers / Jewelry Store
    • Project Crossroad / Non-Profit Organization
    • Berkshire Hathaway / Real Estate Agency

    Property Details for 130 Main St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property size
    936 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    03-082253
    APU
    3082253

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $210,000
      6.5%
      $190,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $166,000
      Market price range: $96.8k - $267k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $180,000
      Current use
      OFFICE BUILDING
      $180,000
      Change: +2% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8287
    Latitude
    39.608
    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
    $1,905
    $50,000
    $59,500
    $109,500
    -
    $50,000
    $59,500
    $109,500

    Comparable in this City

    • Value Estimation
      $315,000
      3,728 SF

      116 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,728 SF
      116 Main St, Elkton, MD 21921-5509
      View Details
    • Value Estimation
      $320,000
      3,362 SF

      156 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,362 SF
      156 Main St, Elkton, MD 21921-5541
      View Details
    • Value Estimation
      $265,000
      1,440 SF

      751 Augustine Herman Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      751 Augustine Herman Hwy, Elkton, MD 21921-7707
      View Details
    • Value Estimation
      $315,000
      7,434 SF

      123 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 7,434 SF
      123 Brg St, Elkton, MD 21921-5326
      View Details
    • Value Estimation
      $280,000
      2,829 SF

      1723 Pulaski Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,829 SF
      1723 Pulaski Hwy, Elkton, MD 21921-4600
      View Details
    • Value Estimation
      $275,000
      1,470 SF

      218 Pulaski Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,470 SF
      218 Pulaski Hwy, Elkton, MD 21921-5911
      View Details

    Similar Nearby for Sale

    • $375,000
      3,265 SF

      Four-Unit Building in Elkton, MD

      Four-unit building with commercial space in a prime location.
      162 W Main St, Elkton, MD 21921
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      Land for Sale or Lease

      Three pads available for sale or lease off I-95.
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    • $240,000

      Corner Lot in Strip Mall

      Corner lot suitable for food truck or billboard advertising.
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    • $575,000

      Profitable Car Dealership and Repair

      Turnkey car dealership and auto repair shop in downtown.
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    • $299,000
      1,093 SF

      Elkton MD Mixed-Use Investment

      Prime Elkton location, 1,093 SF, high ROI.
      300 Pulaski Hwy, Elkton, MD 21921
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    • Contact for pricing
      5,672 SF

      Former Restaurant Building on Highway

      5,672 SF restaurant building on 1.34 acres for sale.
      312 E Pulaski Hwy, Elkton, MD 21921
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in West Creek Shoppes

      Retail and office spaces available in a strip center.
      10 Chestnut Dr, Elkton, MD 21921
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Railroad Ave

      Retail space available at a signalized intersection in Elkton.
      321 Railroad Ave, Elkton, MD 21921
      View Details
    • $2,000 /Mo
      1,900 SF

      Downtown Retail Space For Rent

      1900 SF retail space in thriving downtown area.
      120 W Main St, Elkton, MD 21921
      View Details
    • $16 SF/Yr
      2,574 SF

      Retail Space with High Visibility

      Retail space available with high visibility and traffic counts.
      307 Augustine Herman Hwy, Elkton, MD 21921
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space Near Cecil College

      Retail spaces available in growing area near Cecil College.
      985-1001 E Pulaski Hwy, Elkton, MD 21921
      View Details
    • $20 SF/Yr
      8,000 SF

      Retail Space with High Visibility

      Retail space for rent with high traffic and visibility.
      303 Augustine Herman Hwy, Elkton, MD 21921
      View Details
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    130 Main St
    Elkton, MD 21921-5907
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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