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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Grocery and convenience stores
712 Craigtown Rd, Port Deposit, MD 21904-1828
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0569632
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
BRICK
Total area
2,940 SF
Lot
0.42 ac (18,295 SF)
Zoning code
BL
APN
07-009720
UPID
US40-0569632
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
-
Citgo Gas Station
-
CRAIGTOWN MARKET Grocery & Convenience Store
-
ATM Atm
-
Cash2Bitcoin Bitcoin ATM Atm
-
Sunoco Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Yug Patel LLC · 6 yrs held
Yug Patel LLC
since 2020
Last sale
$540,000
3 recorded transactions
Zoning & alternative use
BL · Port Deposit, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$595,000
+401.1%
Office building
$440,000
+272.5%
Retail stores
$350,000
+195.3%
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 Port Deposit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Deposit 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
$560,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Change: +401% · Conversion: Easy
OFFICE BUILDING
$440,000
Change: +272% · Conversion: Moderate
RETAIL STORES
$350,000
Change: +195% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $540k (Mar 26 2020)
Last sale anchor
$540k
Mar 26 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
$190 / 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
$5,366
Tax year 2023
Assessed value
$480,400
Assessed 2023
Previous assessed
$455,533
+5.5% YoY
Effective rate
1.12%
On assessed value
Assessed land
$224,100
Assessed improvement
$256,300
Land market value
$224,100
Improvement market value
$256,300
Total market value
$480,400
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
2,940 SF
Lot
0.42 ac (18,295 SF)
Zoning code
BL
APN
07-009720
UPID
US40-0569632
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BL · Port Deposit, MD
Zoning BL · permitted uses
BL · Port Deposit, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Deposit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$595,000
OFFICE BUILDING
Est. value
$440,000
RETAIL STORES
Est. value
$350,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1988
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Yug Patel LLC
Entity
Mailing address
207 MICHELLE CT, CHRISTIANA, DE 19702-8424
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
$540,000
Yug Patel LLC
Keith D Reece
Deed
$190,000 · Wilmington Savings Fund Society Fsb
Sep 8, 2009
$330,000
Keith D Reece
Reece,mack A & Priscilla J
Grant Deed
related
$330,000 · Nbrs Financial Bank
Mar 23, 1998
$425,000
Mack A Reece SR.
Minker,mitchell C JR & Debra K
Grant Deed
related
—
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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