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Property profile & analytics
FOR LEASE
Outlet malls
5930 Telegraph Rd, Elkton, MD 21921
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1699781
For Lease
1 / 10
$2,165,000
5930 Telegraph Rd, Elkton, MD 21921
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2019
Total area
9,216 SF
Lot
30.01 ac (1,307,236 SF)
Zoning code
BG
APN
04-011740
UPID
US40-1699781
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
-
Fair Hill Saddlery (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.17M
Owner & transaction history
Frank E Chick JR · 8 yrs held
Frank E Chick JR
since 2017
7 recorded transactions
Zoning & alternative use
BG · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+2.1%
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 Elkton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,750,000
Current use
OFFICE BUILDING
$1,790,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10%
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
$235 / 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
$19,662
Tax year 2023
Assessed value
$1,774,867
Assessed 2023
Previous assessed
$1,100,800
+61.2% YoY
Effective rate
1.11%
On assessed value
Land market value
$925,500
Improvement market value
$912,100
Total market value
$1,837,600
Applied tax rate
4.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2019
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
9,216 SF
Lot
30.01 ac (1,307,236 SF)
Zoning code
BG
APN
04-011740
UPID
US40-1699781
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BG · Elkton, MD
Zoning BG · permitted uses
BG · Elkton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES Current
OFFICE BUILDING
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
2019
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
30.01 ac
Current owner
From public records · entity-resolved
Frank E Chick JR
Individual
Mailing address
5930 TELEGRAPH RD, ELKTON, MD 21921-2952
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2019
—
Frank E Chick JR.
—
Deed
related
$371,000 · Community Dev Commission
Jun 11, 2019
—
Frank E Chick JR
—
Deed
related
$180,000 · Merchants & Farmers Bank
Dec 31, 2018
—
Frank E Chick JR
—
Deed
related
$53,750 · M & T Bank
Dec 22, 2017
$610,000
Frank E Chick JR
Wilmington Savings Fund Society
Deed
$450,000 · M & T Bank
Dec 29, 2010
$600,000
Wilmington Svg Fund Societyfsb
Walla Sharon C
Grant Deed
related
—
May 13, 2004
$1,500,000
Afhwc LLC
Williams,harlan C
Grant Deed
$1,200,000 · Wilmington Savings Fund Societ
—
—
Afhwc LLC
—
Deed Of Trust
related
$750,000 · Cecil Fsb
—
—
Frank E Chick JR.
—
Deed Of Trust
related
$371,000 · Community Dev Commission
—
—
Frank E Chick JR.
—
Deed Of Trust
related
$450,000 · Manufacturers & Traders Tr
—
—
Afhwc LLC
—
Deed Of Trust
related
$185,000 · Isken Ents LLC
—
—
Afhwc LLC
—
Deed Of Trust
related
$185,000 · Mcconnell Real Estate Co LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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