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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Community centers
240 Colonial Way Rising Sun, MD 21911-2271
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1004825
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Construction
STEEL FRAME
Total area
6,240 SF
Lot
24.52 ac (1,068,048 SF)
Zoning code
CC
APN
06-005446
UPID
US40-1004825
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
-
San's Martial Arts Training Center Sports School
-
Sunrise Tanning Tanning Salon
-
F&U ChmneyServices General Contractor Renovation Specialist
-
Domino's Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
R T Foard Real Estate LLC · 4 yrs held
R T Foard Real Estate LLC
since 2022
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
CC · Rising Sun, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
“RE” - Rural Estate District “CC” - Commercial Center District “RR” - Rural Residential District “OTC” - Old Town Center District “R1” - Single Family Residential District “EC” - Employment Center District “R2” - Mixed Residential District “LI” - Light Industrial District “R3” - Multi-Family Residential District “RB” - Rural Business District “LC” - Limited…
Zone name
Commercial Center District
General category
INDUSTRIAL
Zone area
117.35 ac
Top alternative use upside
Office building
$935,000
+272.5%
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 Rising Sun submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rising Sun 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
$1,470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$935,000
Change: +272% · Conversion: Moderate
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.50M (May 17 2022)
Last sale anchor
$1.50M
May 17 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
$239 / 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
$17,266
Tax year 2023
Assessed value
$1,079,100
Assessed 2023
Previous assessed
$907,800
+18.9% YoY
Effective rate
1.60%
On assessed value
Land market value
$712,100
Improvement market value
$709,600
Total market value
$1,421,700
Applied tax rate
60.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,240 SF
Lot
24.52 ac (1,068,048 SF)
Zoning code
CC
APN
06-005446
UPID
US40-1004825
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CC · Rising Sun, MDZoning CC · permitted uses
CC · Rising Sun, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
“RE” - Rural Estate District “CC” - Commercial Center District “RR” - Rural Residential District “OTC” - Old Town Center District “R1” - Single Family Residential District “EC” - Employment Center District “R2” - Mixed Residential District “LI” - Light Industrial District “R3” - Multi-Family Residential District “RB” - Rural Business District “LC” - Limited Commercial District “MH” - Mobile Home District “NC” - Neighborhood Convenience Centers “C.I.D.” - Controlled Industrial District Page 4 of 12 These districts shall be established to regulate and restrict the location of residences, trades, industries, and buildings erected or altered for specific uses; to regulate and limit the height and bulk of buildings hereafter erected or structurally altered; to regulate and limit population density and the intensity of the use of lot areas; to regulate and determine the areas of yards, courts, and other open spaces with and surrounding such buildings; and the implement the recommendations of the Rising Sun Comprehensive Plan. Amendment 2:
Zone name
Commercial Center District
General category
INDUSTRIAL
Zone area
117.35 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$935,000
OFFICE BUILDING
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
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
24.52 ac
Current owner
From public records · entity-resolved
R T Foard Real Estate LLC
Entity
Mailing address
111 S QUEEN ST, RISING SUN, MD 21911-2094
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
May 17, 2022
$1,500,000
R T Foard Real Estate LLC
Montgomery Bros INC
Deed
$1,100,000 · Artisans Bank
May 17, 2022
—
The Of Rising Sun
Montgomery Brothers INC
Deed
—
Mar 24, 2010
—
Montgomery Bros INC
Montgomery,h Barry
Quit Claim Deed
related
$150,000 · Elizabeth A Collins
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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