Property profile

Red Hl Rd Elkton, MD 21921

OFF-MARKET
Auto shops
Property ID
US40-1553824
5,000 SF 214.8 ac lot Built 2001
Entity Owned 4-yr Hold Free & Clear
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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

Location

Red Hl Rd Elkton, MD 21921
Elkton metro PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$860k
CAP Approach CAP
by Request
Comparable Approach Comparable
$640k
Blend (final) Blend
$930k

Owner & transaction history

since 2022
Last sale
$950,000
7 recorded transactions
2022
$950,000
2014
$596,000
2013
$501,000
2003
Price N/A
2000
$1.7M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R2 · Elkton, MD
Top alternative use upside
Office building $740,000 +47.4%
Commercial (general) $645,000 +28.5%
Industrial (general) $630,000 +25.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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