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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Office buildings
215 Nn St, Elkton, MD 21921-5505
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1507320
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Construction
BRICK
Total area
10,715 SF
Lot
0.3 ac (13,280 SF)
Zoning code
C1
APN
03-058956
UPID
US40-1507320
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
-
Madarang Melchor MD Physician
-
Dr. Agnes L. Daliva, MD Pediatrician Medical Clinic
-
FEM-CARE Health Associates: Hidalgo-Ahmed Judith MD Physician
-
Fem-Care Health Associates Physician
-
Fem-Care Health Associates: Robinson Diane S MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.23M
Owner & transaction history
Jamcap LLC · 4 yrs held
Jamcap LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C1 · 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
$1,445,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,035,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.10M (Aug 23 2021)
Last sale anchor
$1.10M
Aug 23 2021
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
$114 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,693
Tax year 2024
Assessed value
$907,100
Assessed 2024
Previous assessed
$907,100
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$146,500
Assessed improvement
$760,600
Land market value
$146,500
Improvement market value
$760,600
Total market value
$907,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1949
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
10,715 SF
Lot
0.3 ac (13,280 SF)
Zoning code
C1
APN
03-058956
UPID
US40-1507320
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1 · Elkton, MD
Zoning C1 · permitted uses
C1 · 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
RETAIL STORES
Est. value
$2.0M
RETAIL STORES
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
1949
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Jamcap LLC
Entity
Mailing address
180 THOMAS JEFFERSON TER, ELKTON, MD 21921-5146
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Aug 23, 2021
$1,100,000
Jamcap LLC
Partners In Properties Ll
Deed
$165,000 · Fulton Bank NA
Aug 23, 2021
—
Jamcap Lcl
—
Deed
related
$935,000 · Fulton Bank NA
Mar 22, 2018
—
Partners In Properties LLC
—
Deed
related
$200,000 · The Columbia Bank
Sep 9, 2008
—
Partners In Property LLC
Ahmed,ishaq
Grant Deed
$595,000 · Pnc Bank
Jul 31, 2002
$690,000
Partners In Property LLC
Carletti & Deverell Partners
Grant Deed
related
$640,000 · First National Bank North East
—
—
Angelo Grillo
—
Deed Of Trust
related
$640,000 · First National Bank North East
—
—
Partners In Property LLC
—
Deed Of Trust
related
$89,000 · First National Bank North East
—
—
Partners In Property LLC
—
Deed Of Trust
related
$525,000 · First National Bank North East
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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