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    Property profile & analytics

    502 Railroad Ave East New Market, MD 21631

    • Warehouses
    • 6,400 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1331701
    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

    • Warehouses

    Property Details for 502 Railroad Ave

    Year built
    1974
    Construction
    BRICK
    Lot size
    2.87 lot acres
    Property size
    6,400 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    02-028182
    APU
    2028182

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East New Market
    County
    Dorchester
    State
    Maryland
    Longitude
    -75.9154
    Latitude
    38.5976
    CBSA code
    15700
    CBSA name
    CAMBRIDGE, MD MICROPOLITAN 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
    $2,741
    $0.00
    $0.00
    $150,367
    -
    $58,700
    $92,800
    $151,500

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      Cambridge Ave

      WAREHOUSE, STORAGE • 4,800 SF
      Cambridge Ave, East New Market, MD 21631
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    • Value Estimation
      $430,000
      12,870 SF

      E

      MINI-WAREHOUSE, STORAGE • 12,870 SF
      E, New Market, MD 21631
      View Details
    • Value Estimation by Request
      3,900 SF

      5405 Mt Holly Rd

      MINI-WAREHOUSE, STORAGE • 3,900 SF
      5405 Mt Holly Rd, East New Market, MD 21631-1661
      View Details
    • Value Estimation by Request
      2,599 SF

      Main St

      WAREHOUSE, STORAGE • 2,599 SF
      Main St, East New Market, MD 21631
      View Details
    • Value Estimation
      $405,000
      160 SF

      Academy St

      WAREHOUSE, STORAGE • 160 SF
      Academy St, East New Market, MD 21631
      View Details
    • Value Estimation
      $305,000
      3,680 SF

      3447 Ocean Gtwy

      WAREHOUSE, STORAGE • 3,680 SF
      3447 Ocean Gtwy, East New Market, MD 21631-1704
      View Details

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    502 Railroad Ave
    East New Market, MD 21631
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    Realmo Value Estimation

    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.

    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.

    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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