Financial
Distress signals
Property profile

38 Main St East New Market, MD 21631

FOR LEASE
Bars & Pubs
Property ID
US40-1803820
2,029 SF 0.54 ac lot Built 1910
Last sale Mar 2025 · $150,000
Trust Owned Owner of record is a trust. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial building in East New Market that was previously operated as Mike's Tavern. It includes more than 2,000 square feet of interior space on a 0.54-acre lot. The building has undergone updates and upgrades, including vinyl plank flooring in some areas, vinyl siding, replaced or new electrical service, a new hot water heater, and updated bathrooms. The interior is configured with a flexible floor plan that can accommodate uses such as office space and food and beverage…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$111k
Effective rate1.82%

Value estimate

· Sep 2026
$255k
$230k – $281k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C
JurisdictionDORCHESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply9.0
Garden Center8.4
Tanning Salon7.7

Location

38 Main St East New Market, MD 21631
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 6 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
5905 Mt Holly, East New Market, MD 21631-1529 $1,781,887 Mar 2020 9,354 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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