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    300 Pulaski Hwy Elkton, MD 21921
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    Property profile & analytics

    300 Pulaski Hwy Elkton, MD 21921

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    • Warehouses
    • 92,624 SF
    • 9.69 lot acres
    For Sale
    $299,000
    View Listing →
    Prime Elkton Retail Space For Sale
    $299,000

    Prime Elkton Retail Space

    High-traffic location, excellent visibility. Great investment opportunity.

    300 Pulaski Hwy, Elkton, MD 21921
    View Listing
    Property ID
    US40-2229853
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • doctor elkton, md / Physician
    • Neelkantan Kamakshi MD / Pediatrician / Medical Clinic
    • Dr. Keith Sokoloff / Pediatrician / Physician
    • CubeSmart Self Storage / Storage Facility
    • Qayyum Nazar / Physician

    Property Details for 300 Pulaski Hwy

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.69 lot acres
    Property size
    92,624 SF
    Zone code
    C2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    03-008630
    APU
    3008630

    Description

    This exceptional retail property, located at 300 W Pulaski Highway in Elkton, Maryland, presents a compelling investment opportunity. Situated on a 0.23-acre lot, the property offers significant potential for a variety of retail businesses. The building's size is not currently specified, however, its prime location on Pulaski Highway ensures high visibility and substantial foot traffic, making it an ideal spot for attracting customers. The asking price is $299,000. This represents a strong value proposition in a thriving Elkton market. The property's strategic location provides easy access to major transportation routes, ensuring convenient access for both customers and employees. Further details regarding the building's interior and specific features are available upon request. This is a rare opportunity to acquire a well-positioned retail space in a desirable location. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss out on this chance to establish or expand your retail presence in a dynamic and growing community. Contact us today to schedule a viewing and learn more about this exciting investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,820,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,524,000
      Market price range: $2.41M - $11.7M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8196
    Latitude
    39.5967
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,898
    $0.00
    $0.00
    $3,040,100
    -
    $1,209,500
    $1,856,100
    $3,065,600

    Comparable in this City

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      1882 Pulaski Hwy, Elkton, MD 21921-4602
      View Details
    • Value Estimation
      $1,765,000
      46,965 SF

      20 Cecil Woods Rd

      MINI-WAREHOUSE, STORAGE • 46,965 SF
      20 Cecil Woods Rd, Elkton, MD 21921-4672
      View Details
    • Value Estimation
      $6,585,000
      36,300 SF

      1089 Augustine Herman Hwy

      MINI-WAREHOUSE, STORAGE • 36,300 SF
      1089 Augustine Herman Hwy, Elkton, MD 21921-7854
      View Details
    • Value Estimation by Request
      2,320 SF

      2235 Blue Ball Rd

      MINI-WAREHOUSE, STORAGE • 2,320 SF
      2235 Blue Ball Rd, Elkton, MD 21921-3331
      View Details
    • Value Estimation by Request
      1,000 SF

      Blue Ball Rd

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      Blue Ball Rd, Elkton, MD 21921
      View Details
    • Value Estimation by Request
      2,189 SF

      950 Elkton Blvd

      WAREHOUSE, STORAGE • 2,189 SF
      950 Elkton Blvd, Elkton, MD 21921-5322
      View Details

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      Class A warehouse with build-to-suit options and outside storage.
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      Elkton Business Space: Prime Location

      Versatile 3,338 sq ft space, ample parking.
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      Elkton Vacant Land Opportunity

      1.7 acre vacant land parcel near new development.
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    Similar Nearby for Lease

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      Elkton Industrial Outdoor Storage Yard

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      6,000 SF Warehouse Space

      Warehouse space featuring three overhead doors and paved parking.
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      New Construction Warehouse with I-95 Frontage

      New Class A warehouse with I-95 frontage, build-to-suit option.
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      View Details
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      924,000 SF

      Elkton Warehouse Space Available

      924,000 SF warehouse/distribution space in Elkton, Maryland.
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      View Details
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      Warehouse, Office, and R&D Space

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      View Details
    View Listing
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    Elkton, MD 21921
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    300 Pulaski Hwy, Elkton, MD, 21921
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