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Property profile & analytics
OFF-MARKET
Office buildings
400 Pennsylvania Ave Delmar, MD 21875-1639
Entity Owned
Free & Clear
Property ID
US40-1367339
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
BRICK
Total area
1,600 SF
Lot
1.08 ac (47,045 SF)
Zoning code
R-2
APN
11-013910
UPID
US40-1367339
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
DELMAR COMMISSIONERS
DELMAR COMMISSIONERS
Zoning & alternative use
R-2 · Delmar, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
uses and structures. § 10-31 Area requirements. § 10-32 Building coverage of residential lots. § 10-33 Parking requirements. § 10-34 Street standards. § 10-35 Open space. § 10-36 Site plan review. Article V Residential R-2 District § 10-37 Uses permitted inherently. § 10-38 Uses permitted by special exception. § 10-39 Accessory uses and structures. § 10-40 A…
Zone name
Residential
General category
RESIDENTIAL
Zone area
549.06 ac
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 Delmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delmar 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
Assessed value
$234,400
Assessed 2023
Previous assessed
$234,400
+0.0% YoY
Assessed land
$64,800
Assessed improvement
$169,600
Land market value
$64,800
Improvement market value
$169,600
Total market value
$234,400
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
1977
Construction
BRICK
Heating
BASEBOARD
Buildings
2
Stories
1
Units
2
Total area
1,600 SF
Lot
1.08 ac (47,045 SF)
Zoning code
R-2
APN
11-013910
UPID
US40-1367339
Jurisdiction
WICOMICO
Zoning & alternative use
R-2 · Delmar, MDZoning R-2 · permitted uses
R-2 · Delmar, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
uses and structures. § 10-31 Area requirements. § 10-32 Building coverage of residential lots. § 10-33 Parking requirements. § 10-34 Street standards. § 10-35 Open space. § 10-36 Site plan review. Article V Residential R-2 District § 10-37 Uses permitted inherently. § 10-38 Uses permitted by special exception. § 10-39 Accessory uses and structures. § 10-40 Area requirements. § 10-41 Building coverage of residential lots. § 10-42 Parking r
Zone name
Residential
General category
RESIDENTIAL
Zone area
549.06 ac
Building & site characteristics
From public records
Year built
1977
Construction
BRICK
Heating
BASEBOARD
Stories
1
Buildings
2
Units
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
DELMAR COMMISSIONERS
Individual
Free & Clear · 0 yrs held
Mailing address
14 E STATE ST, DELMAR, MD 21875-1601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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