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    Property profile & analytics

    155 Main St Elkton, MD 21921-5942

    • Office buildings
    • 3,216 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Last Sale
    May 27, 2022
    $525,000
    Location Intelligence
    Property ID
    US40-1105784
    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

    • Psychotherapy & Counseling Center: Benson Rebecca L / Family Counselor
    • Sherrard Title Co LLC / Title Company

    Property Details for 155 Main St

    Year built
    1850
    Construction
    BRICK
    Lot size
    0.15 lot acres
    Property size
    3,216 SF
    Zone code
    RO
    Property type
    Office buildings
    APN
    03-051765
    APU
    3051765

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $480,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $490,000
      Mixed-Use
      $485,000
      Hospitality
      $520,000
      Educational
      $390,000
      Residential Income
      $515,000
      Energy
      $415,000
      Income-Based Land
      $400,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8269
    Latitude
    39.6094
    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
    $4,082
    $82,700
    $151,900
    $234,600
    -
    $82,700
    $151,900
    $234,600

    Comparable in this City

    • Value Estimation by Request
      23,330 SF

      101 Lewisville Rd

      OFFICE BUILDING • 23,330 SF
      101 Lewisville Rd, Elkton, MD 21921-2182
      View Details
    • Value Estimation by Request
      720 SF

      411 Pulaski Hwy

      OFFICE BUILDING • 720 SF
      411 Pulaski Hwy, Elkton, MD 21921-5218
      View Details
    • Value Estimation by Request
      11,200 SF

      201 Chesapeake Blvd

      OFFICE BUILDING • 11,200 SF
      201 Chesapeake Blvd, Elkton, MD 21921-6384
      View Details
    • Value Estimation by Request
      18,000 SF

      216 Pulaski Hwy

      OFFICE BUILDING • 18,000 SF
      216 Pulaski Hwy, Elkton, MD 21921-6497
      View Details
    • Value Estimation
      $235,000
      3,428 SF

      153 Main St

      OFFICE BUILDING • 3,428 SF
      153 Main St, Elkton, MD 21921-5917
      View Details
    • Value Estimation by Request
      3,920 SF

      65 Raintree Dr

      OFFICE BUILDING • 3,920 SF
      65 Raintree Dr, Elkton, MD 21921-2400
      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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      Medical Center Building with Solar

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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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    155 Main St
    Elkton, MD 21921-5942
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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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