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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Industrial properties
200 Patriots Way, Elkton, MD 21921
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0054361
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Construction
BRICK
Total area
5,160 SF
Lot
21.58 ac (940,025 SF)
Zoning code
M2
APN
05-074266
UPID
US40-0054361
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
$3.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.75M
Owner & transaction history
Granger Properties Of Cecil County · 3 yrs held
Granger Properties Of Cecil County
since 2023
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
M2 · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,240,000
ML approach
$3,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±10% · vs last sale $3.50M (May 15 2023)
Last sale anchor
$3.50M
May 15 2023
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
$532 / 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
$5,594
Tax year 2023
Assessed value
$501,100
Assessed 2023
Previous assessed
$501,100
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$291,300
Assessed improvement
$209,800
Land market value
$291,300
Improvement market value
$209,800
Total market value
$501,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2003
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
5,160 SF
Lot
21.58 ac (940,025 SF)
Zoning code
M2
APN
05-074266
UPID
US40-0054361
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2 · Elkton, MD
Zoning M2 · permitted uses
M2 · 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.
Building & site characteristics
From public records
Year built
2003
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
21.58 ac
Current owner
From public records · entity-resolved
Granger Properties Of Cecil County
Entity
Mailing address
1600 W PULASKI HWY, ELKTON, MD 21921-4604
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$3,500,000
Granger Properties Of Cecil County
Frap Management Lc
Deed
$280,000 · Wilmington Savings Fund Society Fsb
Oct 17, 2005
$350,000
Frap Management Lc
Maryland State Specialty Product
Grant Deed
$500,000 · Mercantile County Bank
—
—
Maryland State Specialty Produ
—
Deed Of Trust
related
$150,000 · County Banking & Trust Co
—
—
Frap Management Lc
—
Deed Of Trust
related
—
—
—
Maryland State Specialty Produ
—
Deed Of Trust
related
$210,000 · County Banking & Trust Co
—
—
Maryland State Specialty Produ
—
Deed Of Trust
related
$200,000 · County Banking & Trust Co
—
—
Maryland State Specialty Produ
—
Deed Of Trust
related
$59,752 · Telmark LLC
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.
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