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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Investment properties
9 Mainsail Dr Elkton, MD 21921-7925
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0666658
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
WOOD
Total area
2,702 SF
Lot
0.48 ac (20,952 SF)
Zoning code
MB
APN
02-039427
UPID
US40-0666658
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$391k
Blend (final)
Blend
$590k
Owner & transaction history
1401 Royal Palm LLC · 4 yrs held
1401 Royal Palm LLC
since 2021
Last sale
$629,800
4 recorded transactions
Zoning & alternative use
MB · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$525,000
+67.8%
Retail stores
$515,000
+64.4%
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
$770,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$520,000
7%
$480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$525,000
Change: +68% · Conversion: Easy
RETAIL STORES
$515,000
Change: +64% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $630k (Dec 28 2021)
Last sale anchor
$630k
Dec 28 2021
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
$218 / 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
$2,964
Tax year 2023
Assessed value
$268,400
Assessed 2023
Previous assessed
$387,100
-30.7% YoY
Effective rate
1.10%
On assessed value
Assessed land
$244,700
Assessed improvement
$23,700
Land market value
$244,700
Improvement market value
$23,700
Total market value
$268,400
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
2,702 SF
Lot
0.48 ac (20,952 SF)
Zoning code
MB
APN
02-039427
UPID
US40-0666658
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
MB · Elkton, MD
Zoning MB · permitted uses
MB · 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
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$515,000
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
1401 Royal Palm LLC
Entity
Mailing address
1078 RIVERBANK RD, STAMFORD, CT 06903-2703
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
$629,800
1401 Royal Palm LLC
First Citizens Bank & Trust Company
Special Warranty Deed
—
Aug 22, 2019
$600,000
First Citizens Bk & Trust Co
Nord,michael D|copus,barbara J
Trustees Deed
related
—
Aug 14, 2007
$2,250,000
Randal A Stewart
Cove LLC
Grant Deed
$1,500,000 · First Cornerstone Bank
—
—
Cove LLC
—
Deed Of Trust
related
$75,000 · County Banking & Trust Co
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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