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Property profile & analytics
OFF-MARKET
Estimated value
$8,825,000
Hospitals
415 Morgnec Rd, Chestertown, MD 21620-1046
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0891461
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1994
Construction
BRICK
Total area
41,046 SF
Lot
5.11 ac (222,592 SF)
Zoning code
R-3
APN
04-026381
UPID
US40-0891461
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
Current use
Occupant on record · Public records
-
Autumn Lake Healthcare at Chestertown Nursing Home Retirement Community
-
Margo Bailey Park Park
-
Yvonne Kraus Physician
-
Chestertown Nursing and Rehab Nursing Home
-
FREDERICK WILLIAM DELBOY Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.83M
Owner & transaction history
Chestertown Md Propco LLC · 6 yrs held
Chestertown Md Propco LLC
since 2020
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
R-3 · Chestertown, 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 Chestertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chestertown 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
Method
Estimation
Statistic approach
$8,835,000
ML approach
$9,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,250,000
Change: 0% · Conversion: Easy
RESTAURANT
$5,495,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.83M
Range $7.94M – $9.71M · ±10% · vs last sale $8.50M (May 22 2020)
Last sale anchor
$8.50M
May 22 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / SF
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
$71,379
Tax year 2023
Assessed value
$4,583,800
Assessed 2023
Previous assessed
$4,583,800
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$358,100
Assessed improvement
$4,225,700
Land market value
$358,100
Improvement market value
$4,225,700
Total market value
$4,583,800
Applied tax rate
20.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1994
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
89
Total area
41,046 SF
Lot
5.11 ac (222,592 SF)
Zoning code
R-3
APN
04-026381
UPID
US40-0891461
Jurisdiction
KENT
Zoning & alternative use
R-3 · Chestertown, MD
Zoning R-3 · permitted uses
R-3 · Chestertown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chestertown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$6.3M
RESTAURANT
Est. value
$5.5M
OFFICE BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
89
Lot
5.11 ac
Current owner
From public records · entity-resolved
Chestertown Md Propco LLC
Entity
Mailing address
440 SYLVAN AVE #204, ENGLEWOOD CLIFFS, NJ 07632-2727
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
—
Chestertown Md Propco LLC
—
Deed
related
$161,200,000 · Capital Funding
May 22, 2020
$8,500,000
Chestertown Md Propco LLC
415 Morgnec Road LLC
Special Warranty Deed
$68,085,000 · Capital Funding
Mar 30, 2018
—
415 Morgnec Road LLC
—
Deed
related
$5,925,000 · Bank Leumi USA
Nov 6, 2014
$4,100,000
415 Morgnec Road LLC
Chesapeake Meadows LP
Grant Deed
—
—
—
Chesapeake Meadows LP
—
Loan Modification
related
$4,210,700 · Wells Fargo Bk
—
—
415 Morgnec Road LLC
—
Deed Of Trust
related
$575,000 · Bank Leumi USA
—
—
415 Morgnec Road LLC
—
Deed Of Trust
related
$5,925,000 · Bank Leumi USA
—
—
Chesapeake Meadows LP
—
Deed Of Trust
related
$4,210,700 · Reilly Mortgage Group INC
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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