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Property profile & analytics
OFF-MARKET
Office buildings
302 Division St Fruitland, MD 21826-1908
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US40-2291279
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
BRICK
Total area
900 SF
Lot
2.38 ac (103,673 SF)
Zoning code
M1
APN
16-010588
UPID
US40-2291279
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
-
Tecta America East Fruitland Commercial Roofing Roofing Company General Contractor
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
Rock Realty Of Salisbury · 21 yrs held
Rock Realty Of Salisbury
since 2005
3 recorded transactions
Zoning & alternative use
M1 · Fruitland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of M1 zone is to provide bakery and bakery products, clothing manufacturing, electronic and electrical equipment parts and appliance manufacturing, industrial parks, warehouses (excluding truck terminals), wholesale distributors
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
110.25 ac
Source
Realmo
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
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
$3,803
Tax year 2023
Assessed value
$381,300
Assessed 2023
Previous assessed
$381,300
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$203,800
Assessed improvement
$177,500
Land market value
$203,800
Improvement market value
$177,500
Total market value
$381,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
900 SF
Lot
2.38 ac (103,673 SF)
Zoning code
M1
APN
16-010588
UPID
US40-2291279
Jurisdiction
WICOMICO
Zoning & alternative use
M1 · Fruitland, MDZoning M1 · permitted uses
M1 · Fruitland, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of M1 zone is to provide bakery and bakery products, clothing manufacturing, electronic and electrical equipment parts and appliance manufacturing, industrial parks, warehouses (excluding truck terminals), wholesale distributors
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
110.25 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
2.38 ac
Current owner
From public records · entity-resolved
Rock Realty Of Salisbury
Entity
Mailing address
7340 MONTEVIDEO RD, JESSUP, MD 20794-9317
Ownership since
2005
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 4, 2005
$575,000
Rock Realty Of Salisbury
Fortaleza Construction Co INC
Grant Deed
$575,000 · Manufacturers Traders & Trust
Jul 20, 2001
—
Fortaleza Construction Co INC
Old Line Holding Co INC
Grant Deed
related
—
—
—
Fortaleza Construction Co INC
—
Deed Of Trust
related
$1,018,856 · Branch Banking & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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