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Property profile & analytics
FOR SALE
Outlet malls
151 E High St Elkton, MD 21921
Individually Owned
3-yr Hold
Free & Clear
Property ID
US40-0664498
For Sale
1 / 37
$625,000
151 E High St, Elkton, MD 21921
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
BRICK
Total area
1,640 SF
Lot
0.45 ac (19,602 SF)
Zoning code
RO
APN
03-050092
UPID
US40-0664498
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
Current use
Occupant on record · Public records
-
Hope & Refuge Family Fellowship Church
-
The Little Disciples Child Care Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mico Slijepcevic · 3 yrs held
Mico Slijepcevic
since 2023
7 recorded transactions
Zoning & alternative use
RO · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide for a mixture of residential uses and business uses that are not unduly disruptive of high density residential areas located in the same district. Generally this district covers the mixed use areas bordering the commercial center of the Town.
Zone name
Residential Office District
General category
MIXED_USE
Zone area
67.60 ac
Source
Realmo
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 Elkton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,495
Tax year 2023
Assessed value
$315,800
Assessed 2023
Previous assessed
$315,800
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$148,200
Assessed improvement
$167,600
Land market value
$148,200
Improvement market value
$167,600
Total market value
$315,800
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
2002
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
1,640 SF
Lot
0.45 ac (19,602 SF)
Zoning code
RO
APN
03-050092
UPID
US40-0664498
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
RO · Elkton, MDZoning RO · permitted uses
RO · Elkton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide for a mixture of residential uses and business uses that are not unduly disruptive of high density residential areas located in the same district. Generally this district covers the mixed use areas bordering the commercial center of the Town.
Zone name
Residential Office District
General category
MIXED_USE
Zone area
67.60 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mico Slijepcevic
Individual
Free & Clear · 3 yrs held
Mailing address
157 E MAIN ST, ELKTON, MD 21921-5977
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
$160,000
Mico Slijepcevic
Union Hosptial Of Cecil Cnty Health
Deed
—
Jun 9, 2023
—
Union Hospital Of Cecil Cnty Health
Union Hospital Health Services INC
Deed
—
Oct 22, 2013
$250,000
W Walla W LLC
Hb Trust
Grant Deed
$200,000 · Nbrs Financial Bank
Apr 25, 2012
$602,842
Hb Trust
Gar-chris LLC
Deed In Lieu Of Foreclosure
related
—
Mar 25, 2002
$70,000
Gar-chris LLC
Randolph,david J
Grant Deed
$183,000 · County Banking & Trust Co
—
—
Gar-chris LLC
—
Deed Of Trust
related
$75,000 · County Banking & Trust Co
—
—
Gar-chris LLC
—
Deed Of Trust
related
$560,000 · Harford Bank
—
—
Gar-chris LLC
—
Deed Of Trust
related
$620,000 · Harford Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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