Property profile

229 Main St Elkton, MD 21921

OFF-MARKET
Office buildings
Property ID
US40-0221492
3,010 SF 0.14 ac lot Built 1888
Entity Owned 8-yr Hold
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1888
Construction FRAME
Total area 3,010 SF
Lot 0.14 ac (6,000 SF)
Zoning code RO
APN 03-058522
UPID US40-0221492

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Nursing Home

Location

229 Main St Elkton, MD 21921-5717
Elkton metro Census 30400 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2018
3 recorded transactions
2018
$187,500
2015
Price N/A
2002
$190,000

Zoning & alternative use

RO · Elkton, MD
Zoning description

The purpose of this district is to provide for a mixture of residential uses and business uses that are not unduly disruptive of high density residential areas located in the same district. Generally this district covers…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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