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    Property profile & analytics

    401 Zeitler Ln Elkton, MD 21921

    • Manufacturing properties
    • 41,295 SF
    • 7.82 lot acres
    OFF-MARKET
    Value Estimations
    $3,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1161996
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 401 Zeitler Ln

    Year built
    1967
    Construction
    BRICK
    Lot size
    7.82 lot acres
    Property size
    41,295 SF
    Zone code
    M2
    Property type
    Manufacturing properties
    APN
    03-005321
    APU
    3005321

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,545,000
      6.5%
      $3,270,000
      7%
      $3,040,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,024,000
      Market price range: $804k - $11.6M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,205,000
      Current use
      RETAIL STORES
      $5,110,000
      Change: -2% Conversion: Moderate
      RESTAURANT
      $4,450,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8602
    Latitude
    39.6188
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,209
    $391,000
    $623,900
    $1,014,900
    -
    $391,000
    $623,900
    $1,014,900

    Comparable in this City

    • Value Estimation
      $13,165,000
      46,754 SF

      2401 Singerly Rd

      MANUFACTURING (LIGHT) • 46,754 SF
      2401 Singerly Rd, Elkton, MD 21921-2733
      View Details
    • Value Estimation
      $735,000
      15,816 SF

      Blueball Rd

      MANUFACTURING (LIGHT) • 15,816 SF
      Blueball Rd, Elkton, MD 21921
      View Details
    • Value Estimation
      $3,845,000
      625 SF

      505 Blue Ball Rd

      MANUFACTURING (LIGHT) • 625 SF
      505 Blue Ball Rd, Elkton, MD 21921-4856
      View Details
    • Value Estimation by Request
      3,898 SF

      Blue Ball Rd

      MANUFACTURING (LIGHT) • 3,898 SF
      Blue Ball Rd, Elkton, MD 21921
      View Details
    • Value Estimation
      $545,000
      1,930 SF

      Pulaski Hwy

      MANUFACTURING (LIGHT) • 1,930 SF
      Pulaski Hwy, Elkton, MD 21921
      View Details
    • Value Estimation
      $5,850,000
      63,000 SF

      1001 Konica Dr

      MANUFACTURING (LIGHT) • 63,000 SF
      1001 Konica Dr, Elkton, MD 21921-6347
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,950 SF

      Elkton Warehouse: 22,950 SF

      Class A warehouse, I-95 frontage, build-to-suit.
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      View Details
    • $1,400,000
      13,300 SF

      Heavy Industrial Site with Rentals

      Large industrial yard with multiple buildings and residential units.
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    • $2,000,000
      25,800 SF

      Former Bowling Alley For Sale

      25,800 SF former bowling alley suitable for redevelopment.
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    • $140,000

      Land For Sale

      Land available for sale.
      12 Tern Ct, Elkton, MD 21921
      View Details
    • $329,000

      Former Medical Office in Elkton

      Former medical office with detached garage and additional lot.
      223 W Main St, Elkton, MD 21921
      View Details
    • $1,500,000
      2.00 Acres

      Elkton Commercial Land - $1.5M

      Prime 2-acre commercial pad site near I-95.
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      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      29,260 SF

      Industrial Manufacturing Facility For Sublease

      29,260 SF industrial manufacturing facility available for sublease.
      505 Blue Ball Rd, Elkton, MD 21921
      View Details
    • Contact for pricing
      64,800 SF

      Class A Warehouse Space

      10,800 SF Class A warehouse space for lease.
      400 Belle Hill Rd, Elkton, MD 21921
      View Details
    • Contact for pricing

      Elkton Distribution/Warehouse Space Available

      Distribution and warehouse space available for rent in Elkton, MD.
      2000 Commerce Center Dr, Elkton, MD 21921
      View Details
    • $7 SF/Yr
      40,000 SF

      Blue Ball Rd Industrial Space

      Elkton, MD flex warehouse space available.
      3493 Blue Ball Rd, Elkton, MD 21921
      View Details
    • $15 SF/Yr

      Office/Flex Space with Garage Bay

      Office and garage space available for lease in Elkton, MD.
      80 Beauchamp Dr, Elkton, MD 21921
      View Details
    • $7 SF/Yr
      20,000 SF

      Elkton Flex Space with Overhead Doors

      Flex space suitable for contractors or equipment storage with great visibility.
      3493 Blue Ball Rd, Elkton, MD 21921
      View Details
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    401 Zeitler Ln
    Elkton, MD 21921
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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