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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Auto shops
Red Hl Rd, Elkton, MD 21921
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1553824
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2001
Construction
BRICK
Total area
5,000 SF
Lot
214.8 ac (9,356,862 SF)
Zoning code
R2
APN
03-021793
UPID
US40-1553824
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
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$945k
Owner & transaction history
Patriots Glen Capital Development L · 4 yrs held
Patriots Glen Capital Development L
since 2022
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
R2 · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$740,000
+47.4%
Commercial (general)
$645,000
+28.5%
Industrial (general)
$630,000
+25.8%
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
$930,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$740,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +29% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$630,000
Change: +26% · Conversion: Easy
RETAIL STORES
$620,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $950k (Feb 18 2022)
Last sale anchor
$950k
Feb 18 2022
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
$189 / 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
$18,002
Tax year 2023
Assessed value
$1,034,600
Assessed 2023
Previous assessed
$1,034,600
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$214,800
Assessed improvement
$819,800
Land market value
$214,800
Improvement market value
$819,800
Total market value
$1,034,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
5,000 SF
Lot
214.8 ac (9,356,862 SF)
Zoning code
R2
APN
03-021793
UPID
US40-1553824
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
R2 · Elkton, MD
Zoning R2 · permitted uses
R2 · 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
$740,000
COMMERCIAL (GENERAL)
Est. value
$645,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
RETAIL STORES
Est. value
$620,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
214.8 ac
Current owner
From public records · entity-resolved
Patriots Glen Capital Development L
Entity
Free & Clear · 4 yrs held
Mailing address
15 W AYLESBURY RD STE #400, LUTHERVILLE TIMONIUM, MD 21093-4150
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$950,000
Patriots Glen Capital Development L
Whhm LLC
Deed
—
Feb 24, 2014
$596,000
Whhm LLC
Coba INC
Grant Deed
$416,250 · Bryn Mawr Trust Co
Dec 3, 2013
$501,000
Coba INC
Goldstein Elizabeth
Grant Deed
related
—
Apr 15, 2003
—
Elkton-wolf LLP
Pgg LLC
Grant Deed
related
—
Mar 2, 2000
$1,735,820
Elkton-wolf LLP
Joseph Mullan Estate
Grant Deed
—
—
—
Pgg LLC
—
Deed Of Trust
related
$712,500 · Commerce Bank NA
—
—
Pgg LLC
—
Deed Of Trust
related
$712,500 · Commerce Bank NA
—
—
Pgg LLC
—
Deed Of Trust
related
$1,287,500 · Commerce Bank NA
—
—
Pgg LLC
—
Deed Of Trust
related
$735,000 · Chesapeake Business Fin'l Corp
—
—
Pgg LLC
—
Deed Of Trust
related
$1,287,500 · Commerce Bank 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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