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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Warehouses
801 Elkton Blvd, Elkton, MD 21921-5342
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-2284143
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
48,400 SF
Lot
19.22 ac (837,223 SF)
Zoning code
BI
APN
03-042758
UPID
US40-2284143
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
-
Tortilla Werks Food Processing Plant
-
All Seasons Sports Academy, Inc. Gym & Fitness Center Sports Field & Court
-
Dynamic Therapy Services Physician
-
Triple Threat Training LLC Gym & Fitness Center
-
Cecil county board of education transportation Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$2.52M
Owner & transaction history
Nexgen 801 LLC · 8 yrs held
Nexgen 801 LLC
since 2017
7 recorded transactions
Zoning & alternative use
BI · Elkton, 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 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
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±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
$52 / 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
$34,919
Tax year 2023
Assessed value
$2,438,233
Assessed 2023
Previous assessed
$2,187,667
+11.5% YoY
Effective rate
1.43%
On assessed value
Land market value
$778,700
Improvement market value
$1,910,100
Total market value
$2,688,800
Applied tax rate
30.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
2
Stories
1
Units
3
Total area
48,400 SF
Lot
19.22 ac (837,223 SF)
Zoning code
BI
APN
03-042758
UPID
US40-2284143
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BI · Elkton, MD
Zoning BI · permitted uses
BI · 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.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
2
Units
3
Lot
19.22 ac
Current owner
From public records · entity-resolved
Nexgen 801 LLC
Entity
Mailing address
4406 OVERVIEW DR, FREDERICKSBURG, VA 22408-8702
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
—
Nexgen 801 LLC
—
Deed
related
$350,000 · North State Bank
Oct 12, 2017
$2,000,000
Nexgen 801 LLC
Montgomery Station 801 Lc
Deed
$1,600,000 · Virginia Commerce Bank
Feb 8, 2007
—
Montgomery Station 801 Lc
—
Trustees Deed
related
$550,000 · Wilmington Trust Fsb
Dec 16, 2005
$2,000,000
Montgomery Station 801 , Lc
Ionics, Incorporated
Deed
—
—
—
Montgomery Station 801 LLC
—
Deed Of Trust
related
$1,000,000 · Wilmington Trust Fsb
—
—
Montgomery Station 801 Lc
—
Deed Of Trust
related
$160,000 · Wilmington Trust Fsb
—
—
Montgomery Station 801 Lc
—
Deed Of Trust
related
$400,000 · Wilmington Trust Fsb
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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