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Property profile & analytics
OFF-MARKET
Investment properties
308 Chester Riv Hts Rd, Millington, MD 21651-1646
Individually Owned
Free & Clear
Property ID
US40-0665467
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1973
Total area
2,052 SF
Lot
1.4 ac (60,984 SF)
Zoning code
SC
APN
07-011881
UPID
US40-0665467
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
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
Edward Smith
Edward Smith
since 2025
Last sale
$120,000
4 recorded transactions
Zoning & alternative use
SC · Millington, 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 Millington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millington 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
$2,157
Tax year 2023
Assessed value
$229,033
Assessed 2023
Previous assessed
$217,100
+5.5% YoY
Effective rate
0.94%
On assessed value
Land market value
$74,000
Improvement market value
$178,900
Total market value
$252,900
Applied tax rate
7.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1973
Heating
ELECTRIC
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
2,052 SF
Lot
1.4 ac (60,984 SF)
Zoning code
SC
APN
07-011881
UPID
US40-0665467
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
SC · Millington, MD
Zoning SC · permitted uses
SC · Millington, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Edward Smith
Individual
Free & Clear · 0 yrs held
Mailing address
413 CHESTER RIV HTS RD, MILLINGTON, MD 21651-1649
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$120,000
Edward Smith
William R Maule IV
Deed
—
Jun 20, 2025
—
William R Maule IV
William R Maule IV
Deed
related
—
Jun 3, 2013
—
William R Maule IV
Maule Katherine J
Quit Claim Deed
related
—
May 24, 2006
—
William R Maule JR.
William R Maule & Son INC
Quit Claim Deed
related
$60,000 · Mercantile Eastern Shore Bank
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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