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Property profile & analytics
OFF-MARKET
Estimated value
$4,825,000
Warehouses
1600 Pulaski Hwy, Elkton, MD 21921-4604
Entity Owned
12-yr Hold
Free & Clear
Property ID
US40-1569196
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Total area
38,400 SF
Lot
11.41 ac (497,237 SF)
Zoning code
BI
APN
05-029740
UPID
US40-1569196
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
$3.70M
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$4.83M
Owner & transaction history
Pllh LLC · 12 yrs held
Pllh LLC
since 2014
7 recorded transactions
Zoning & alternative use
BI · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.5M
+70.1%
Retail stores
$7.3M
+66.7%
Commercial (general)
$4.4M
+1.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,000,000
6.5%
$3,695,000
7%
$3,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,380,000
Current use
OFFICE BUILDING
$7,455,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$7,300,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,440,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.34M – $5.31M · ±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
$126 / 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
$62,827
Tax year 2023
Assessed value
$5,688,800
Assessed 2023
Previous assessed
$5,602,400
+1.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$570,700
Assessed improvement
$5,118,100
Land market value
$570,700
Improvement market value
$5,118,100
Total market value
$5,688,800
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Buildings
4
Stories
1
Units
4
Total area
38,400 SF
Lot
11.41 ac (497,237 SF)
Zoning code
BI
APN
05-029740
UPID
US40-1569196
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BI · Elkton, MD
Zoning BI · permitted uses
BI · Elkton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$4.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2015
Heating
HEAT PUMP
Stories
1
Buildings
4
Units
4
Lot
11.41 ac
Current owner
From public records · entity-resolved
Pllh LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1600 W PULASKI HWY, ELKTON, MD 21921-4604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
—
Pllh LLC
—
Deed
related
$705,000 · Wilmington Savings Fund Society Fsb
Dec 5, 2016
—
Pllh LLC
—
Deed
related
$1,373,680 · Wilmington Svg Fund Societyfsb
Feb 21, 2014
$1,090,000
Pllh LLC
Route 40 Hayes LLC
Deed
—
Nov 12, 2013
—
Rosalie J Chernock
Route 40 Hayes LLC
Grant Deed
related
—
Sep 12, 2000
$300,000
Route 40 Hayes LLC
Hannah C Hayes Estate
Grant Deed
$170,000 · Individual
—
—
Route 40 Hayes LLC
—
Deed Of Trust
related
$200,000 · Kings Way Ninety-five INC
—
—
Pllh LLC
—
Loan Modification
related
$1,373,680 · Wilmington Svg Fund Societyfsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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