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    For Sale (14)

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    Cordova Farmland with Historic Farmhouse
    $1,625,000
    137.00 Acres

    Cordova Farmland with Historic Farmhouse

    137+/- acre farm with circa 1870 brick farmhouse.

    12633 Connelly Rd, Cordova, MD 21625
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    Easton Duplex with Storage
    $495,000
    2,592 SF

    Easton Duplex with Storage

    Fully leased duplex near Idlewild Park and Rails-to-Trails.

    104/106 Stewart St, Easton, MD 21601
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    St. Michaels Building Lot Available
    $219,000
    0.25 Acres

    St. Michaels Building Lot Available

    Prime building lot near amenities in St. Michaels, Maryland.

    912 Calvert Ave, Saint Michaels, MD 21663
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    Waterfront Land in Easton, MD
    $995,000
    3.71 Acres

    Waterfront Land in Easton, MD

    3+ acre waterfront lot on the Tred Avon River.

    Enniskillen Rd, Easton, MD 21601
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    Easton MD Development Opportunity
    $1,650,000
    11.87 Acres

    Easton MD Development Opportunity

    Prime development land in downtown Easton near Route 50.

    Calvert St, Easton, MD 21601
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    St. Michaels Professional Office Building
    $1,100,000
    0.55 Acres

    St. Michaels Professional Office Building

    Impeccably maintained office building suitable for owner-occupant or multi-tenant use.

    1103 S Talbot St, Saint Michaels, MD 21663
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    Waterfront Lot in Oxford, MD
    $1,945,000
    2.96 Acres

    Waterfront Lot in Oxford, MD

    Build-ready 2.9-acre waterfront lot with panoramic river views.

    4480 Bachelors Point Rd, Oxford, MD 21654
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    Easton, MD Mixed-Use Development
    $8,000,000
    55.91 Acres

    Easton, MD Mixed-Use Development

    56+ Acres, Route 50 Exposure, Opportunity Zone

    Ocean Gtwy, Easton, MD 21601
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    Easton Medical Office Condo
    $399,000
    4,862 SF

    Easton Medical Office Condo

    Prime Easton location, 1500+ sq ft, fully equipped.

    508 Cynwood Dr, Easton, MD 21601
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    Easton Business Opportunity: Prime Location
    Contact for pricing

    Easton Business Opportunity: Prime Location

    Spacious office suite with ample parking. Ideal for various uses.

    29466 Pintail Dr, Easton, MD 21601
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    St. Michaels Office Building For Sale
    Contact for pricing

    St. Michaels Office Building For Sale

    Well-maintained office building in St. Michaels with multiple suites.

    1103 S Talbot St, Saint Michaels, MD 21663
    View details
    Clifton Industrial Park Opportunity
    Contact for pricing
    7,000 SF

    Clifton Industrial Park Opportunity

    Commercial property in Clifton Industrial Park with versatile potential.

    7923 Industrial Park Rd, Easton, MD 21601
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    Commercial Property in Saint Michaels
    $1,100,000
    6,950 SF

    Commercial Property in Saint Michaels

    Commercial property for sale in Saint Michaels, Maryland.

    1103 S Talbot St, Saint Michaels, MD 21663
    View details
    Bridgewater Farm: Historic Brick Farmhouse
    $1,625,000

    Bridgewater Farm: Historic Brick Farmhouse

    137 acre farm with circa 1870 brick farmhouse.

    12633 Connelly Rd, Cordova, MD 21625
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    For Lease (2)

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    Turnkey Retail Space in St. Michaels
    $3,500 / Mo

    Turnkey Retail Space in St. Michaels

    Prime retail space in downtown St. Michaels with desirable features.

    107 S Talbot St, St Michaels, MD 21663
    View details
    St. Michaels Office Space Available
    $1,400 / Mo

    St. Michaels Office Space Available

    Office spaces in St. Michaels Business Park for lease.

    933 Talbot 11&12, St Michaels, MD 21663
    View details

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    Benson & Mangold, LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Benson & Mangold, LLC
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