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    Property profile & analytics

    138 Main St Elkton, MD 21921-5907

    • Office buildings
    • 1,104 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Last Sale
    Mar 04, 2020
    $285,000
    Location Intelligence
    Property ID
    US40-0730974
    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

    • CECIL SLICES / Pizza Restaurant
    • Art Space On Main / Pottery Classes / Pottery Store

    Property Details for 138 Main St

    Year built
    1964
    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property size
    1,104 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    03-039994
    APU
    3039994

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $265,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $235,000
      Mixed-Use
      $205,000
      Hospitality
      $285,000
      Educational
      $285,000
      Residential Income
      $245,000
      Energy
      $250,000
      Income-Based Land
      $245,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8285
    Latitude
    39.6081
    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
    2024
    $2,114
    $50,000
    $72,200
    $122,200
    -
    $50,000
    $72,200
    $122,200

    Comparable in this City

    • Value Estimation by Request
      1,088 SF

      1213 Warburton Rd

      OFFICE BUILDING • 1,088 SF
      1213 Warburton Rd, Elkton, MD 21921-3107
      View Details
    • Value Estimation by Request
      2,350 SF

      136 High St

      OFFICE BUILDING • 2,350 SF
      136 High St, Elkton, MD 21921-5527
      View Details
    • Value Estimation by Request
      4,780 SF

      112 Blue Ball Ave

      OFFICE BUILDING • 4,780 SF
      112 Blue Ball Ave, Elkton, MD 21921-5238
      View Details
    • Value Estimation by Request
      28,769 SF

      201 Booth St

      OFFICE BUILDING • 28,769 SF
      201 Booth St, Elkton, MD 21921-5618
      View Details
    • Value Estimation by Request
      7,305 SF

      208 Nn St

      OFFICE BUILDING • 7,305 SF
      208 Nn St, Elkton, MD 21921-5513
      View Details
    • Value Estimation by Request
      2,204 SF

      205 Main St

      OFFICE BUILDING • 2,204 SF
      205 Main St, Elkton, MD 21921-5779
      View Details

    Similar Nearby for Sale

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      Office Building Near Courts

      Office building with recent updates near the Circuit and District Courts.
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      Three-story office building in Elkton's Central Business District.
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      Medical Center Building with Solar

      Medical or professional office building near Weaver's Discount Mart.
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      5,134 SF

      Elkton Office Building - Main Street

      Historic District Office, Ample Parking
      223 Main St, Elkton, MD 21921
      View Details
    • $329,000
      0.33 Acres

      Former Medical Office in Elkton

      Commercial property with detached garage and additional lot for sale.
      223 Main St W, Elkton, MD 21921
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    • Contact for pricing
      0.23 Acres

      Elkton Office Space: Prime Location

      High-Visibility Office Suite, Downtown Elkton
      107 Bridge St, Elkton, MD 21921
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      2,253 SF

      Freestanding Office Building For Rent

      Former bank branch with offices, central space, and parking.
      200 North St, Elkton, MD 21921
      View Details
    • $700 /Mo
      3,350 SF

      Office and Garage Spaces Available

      Office and garage spaces for lease in Elkton, MD.
      121 Bridge St, Elkton, MD 21921
      View Details
    • $1,750 /Mo
      2,000 SF

      Elkton Commercial Space For Lease

      2,000 SF commercial space available for lease immediately.
      55 Augustine Herman Hwy, Elkton, MD 21921
      View Details
    • $700 /Mo
      7,434 SF

      Elkton Office and Garage Space

      Office suite and garage bays available for lease in Elkton.
      123 N Bridge St, Elkton, MD 21921
      View Details
    • $18 SF/Yr
      2,150 SF

      Renovated Office Space on Rte 40

      2,150 SF renovated office space with excellent frontage and visibility.
      349 E Pulaski Hwy, Elkton, MD 21921
      View Details
    • $12 SF/Yr
      850 SF

      Professional Office Space Available

      Office spaces in Elkton's growing downtown business community.
      106 E Main St, Elkton, MD 21921
      View Details
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    138 Main St
    Elkton, MD 21921-5907
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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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