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Property profile & analytics
OFF-MARKET
Office buildings
386 Old Bayview Rd North East, MD 21901-1822
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1493775
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
BRICK
Total area
1,536 SF
Lot
2.02 ac (87,991 SF)
Zoning code
BL
APN
05-027322
UPID
US40-1493775
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
Craig A Pettitt · 3 yrs held
Craig A Pettitt
since 2023
Last sale
$300,000
6 recorded transactions
Zoning & alternative use
BL · North East, 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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$3,272
Tax year 2023
Assessed value
$296,300
Assessed 2023
Previous assessed
$296,300
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$112,800
Assessed improvement
$183,500
Land market value
$112,800
Improvement market value
$183,500
Total market value
$296,300
Applied tax rate
5.0000
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
1900
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
1,536 SF
Lot
2.02 ac (87,991 SF)
Zoning code
BL
APN
05-027322
UPID
US40-1493775
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BL · North East, MDZoning BL · permitted uses
BL · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
2.02 ac
Current owner
From public records · entity-resolved
Craig A Pettitt
Individual
Mailing address
386 OLD BAYVIEW RD, NORTH EAST, MD 21901-1822
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
—
Gail B Pettitt
—
Deed
related
$270,000 · Guild Mortgage Co
Mar 27, 2023
—
Craig A Pettitt
Michelle Pettitt
Intrafamily Transfer
related
$270,000 · Guild Mortgage Co
Jun 1, 2004
$300,000
Craig Pettitt
Kst LLC
Grant Deed
$250,000 · Cecil Federal Bank
Mar 18, 2003
$300,000
Kst LLC
Granger,stanley P
Grant Deed
$300,000 · First National Bank North East
Jan 15, 2002
—
William S Treut
Granger,stanly P
Grant Deed
related
—
—
—
Craig A Pettitt
—
Deed Of Trust
related
$60,000 · Cecil Federal 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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