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Property profile & analytics
OFF-MARKET
Office buildings
809 Maryland Ave Delmar, MD 21875-2569
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US40-0879216
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
BRICK
Total area
2,258 SF
Lot
2.87 ac (125,017 SF)
Zoning code
LI
APN
11-019110
UPID
US40-0879216
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
-
Fishers Environmental LLC Environmental Consultant
-
Delmar Water Tower Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Delmar Rentals LLC · 21 yrs held
Delmar Rentals LLC
since 2005
3 recorded transactions
Zoning & alternative use
LI · Delmar, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide land that is suitable for light industrial development.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
35.65 ac
Source
Realmo
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 Delmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delmar 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,487
Tax year 2023
Assessed value
$149,100
Assessed 2023
Previous assessed
$148,433
+0.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$116,100
Assessed improvement
$33,000
Land market value
$116,100
Improvement market value
$33,000
Total market value
$149,100
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,258 SF
Lot
2.87 ac (125,017 SF)
Zoning code
LI
APN
11-019110
UPID
US40-0879216
Jurisdiction
WICOMICO
Zoning & alternative use
LI · Delmar, MDZoning LI · permitted uses
LI · Delmar, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zoning district is to provide land that is suitable for light industrial development.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
35.65 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
Delmar Rentals LLC
Entity
Mailing address
809 MARYLAND AVE, DELMAR, MD 21875-2569
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Jun 23, 2025
—
308 Mill Street LLC
—
Deed
related
$75,000 · The Farmers Bank Of Willards
Mar 19, 2025
—
308 Mill Street LLC
—
Deed
related
$75,000 · The Farmers Bank Of Willards
Jun 28, 2005
$300,000
Delmar Rentals LLC
Shannahan,dashiell J SR
Grant Deed
$240,000 · Maryland Bank & Trust Co NA
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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