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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Warehouses
216 Division St, Fruitland, MD 21826-1924
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0106493
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
BRICK
Total area
2,600 SF
Lot
3.22 ac (140,263 SF)
Zoning code
M1
APN
16-007889
UPID
US40-0106493
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
-
Thoro-Goods Concrete Co. Inc Building Supply
-
Peninsula Water Conditioning Inc - Water Treatment Services for Residential & Commercial Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$483k
Blend (final)
Blend
$590k
Owner & transaction history
Peninsula Leasing LLC · 3 yrs held
Peninsula Leasing LLC
since 2022
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
M1 · Fruitland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+138.6%
Retail stores
$470,000
+51.5%
Office building
$450,000
+45.3%
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 Fruitland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fruitland 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
$730,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$735,000
Change: +139% · Conversion: Easy
RETAIL STORES
$470,000
Change: +52% · Conversion: Moderate
OFFICE BUILDING
$450,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$400,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $575k (Oct 28 2022)
Last sale anchor
$575k
Oct 28 2022
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
$227 / 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
$4,820
Tax year 2023
Assessed value
$483,200
Assessed 2023
Previous assessed
$483,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$302,200
Assessed improvement
$181,000
Land market value
$302,200
Improvement market value
$181,000
Total market value
$483,200
Applied tax rate
8.0000
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
1985
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
1
Units
3
Total area
2,600 SF
Lot
3.22 ac (140,263 SF)
Zoning code
M1
APN
16-007889
UPID
US40-0106493
Jurisdiction
WICOMICO
Zoning & alternative use
M1 · Fruitland, MD
Zoning M1 · permitted uses
M1 · Fruitland, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fruitland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$735,000
RETAIL STORES
Est. value
$470,000
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$400,000
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1985
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
2
Units
3
Lot
3.22 ac
Current owner
From public records · entity-resolved
Peninsula Leasing LLC
Entity
Mailing address
404 S IRL LN STE A, FRUITLAND, MD 21826-2129
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$575,000
Peninsula Leasing LLC
Southstar Limited Partnership
Deed
$460,000 · Truist Bank
Dec 3, 2015
$535,000
Southstar LP
Thoro-goods Concrete Co INC
Grant Deed
—
Oct 2, 2003
$180,000
Thoro-goods Concrete Co INC
Parker Block Co INC
Grant Deed
$180,000 · Felton 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.
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