226 Belle HlElkton, MD 21921

  • Retail properties
  • 7,084 SF
Off market
$2,350,546 Estimated

Property Details for 226 Belle Hl

Year built
1987
Construction
BRICK
Lot size
1.36 AC
Property size (Sq ft)
7,084 SF
Zone code
C3
Property type
Retail properties
Property subtype
Drive through restaurants
APN
03-079929
APU
3079929

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,851,102
    6.5%
    $3,554,864
    7%
    $3,300,945
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,276,820
    Geo Method
    $2,332,500
  • Alternative Use

    Use
    Valuation
    Residential
    $2,998,661
    Hospitality
    $2,746,757
    Educational
    $2,285,270
    Medical
    $2,363,864
    Retail
    $3,554,864
226 Belle Hl, Elkton, Maryland

Location Insight

City
Elkton
County
Cecil
State
Maryland
Latitude
39.6353
Longitude
-75.8084
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $1,942,600
  • Tax year
    2023
  • Tax bill
    $33,801

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