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Property profile & analytics
OFF-MARKET
Retail space
243 Main St Preston, MD 21655-2215
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1527770
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Construction
BRICK
Total area
4,800 SF
Lot
0.72 ac (31,171 SF)
Zoning code
C1
APN
04-009436
UPID
US40-1527770
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
-
Mulvey Preston Pharmacy Inc Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Preston Pt Properties LLC · 3 yrs held
Preston Pt Properties LLC
since 2023
Last sale
$250,000
2 recorded transactions
Zoning & alternative use
C1 · Preston, 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 Preston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Preston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,024
Tax year 2023
Assessed value
$209,700
Assessed 2023
Previous assessed
$206,433
+1.6% YoY
Effective rate
1.44%
On assessed value
Assessed land
$46,100
Assessed improvement
$163,600
Land market value
$46,100
Improvement market value
$163,600
Total market value
$209,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
4,800 SF
Lot
0.72 ac (31,171 SF)
Zoning code
C1
APN
04-009436
UPID
US40-1527770
Jurisdiction
CAROLINE
Zoning & alternative use
C1 · Preston, MD
Zoning C1 · permitted uses
C1 · Preston, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Preston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Preston Pt Properties LLC
Entity
Mailing address
25324 SUNSET AVE, GREENSBORO, MD 21639-1528
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
$250,000
Preston Pt Properties LLC
Brian A Mulvey
Deed
$200,000 · Provident State Bank Incs
Nov 1, 2005
$1,000
State Of Maryland
Mulvey,brian A & Joanne F
Grant Deed
related
—
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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