Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Property in Royal Oak Title is generated by Realmo AI

    7033 THORNETON Road, Royal Oak, MD 21662

    View on Map
    Claim this Listing
    New
    For Sale
    $499,999

    MULTI_FAMILY - National, Cottage - ROYAL OAK, MD

    Property size:
    2,072 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $241/SF
    Added:
    May 22, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for 7033 THORNETON Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    3
    Parking features
    Off Street, Carport, Driveway
    Standard status
    Active
    Size
    2,072 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3249

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    2006
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Cottage, National

    We can help!

    Listing Contact
    Kelly Y Showell

    Listing agent Kelly Y Showell License #311911

    Listing office Benson & Mangold, LLC 27999 OXFORD Road, OXFORD, MD

    Listing date May 22, 2026

    MLS# MDTA2013798 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two separate dwellings on one property, offering flexibility for rental income or multi‑generational living.
    • Move‑in ready condition with fresh paint and new LVT flooring in the front dwelling (7033).
    • Front dwelling (7033) features 3 bedrooms, 2.5 baths, a modern kitchen, screened porch, deck, and a roof deck overlooking a preserved farm field.
    • Second dwelling (7031) provides privacy with a separate entrance, great room, first‑floor bedroom and bath, and potential for attic development.
    • Ample parking with a covered run‑in shed for three cars, plus additional off‑street parking and a storage shed.
    • Established rental history with satisfied long‑term tenants, indicating investment potential.

    Overview

    This property features two dwellings on a single lot. The front building, located at 7033 Thorneton Road, includes 3 bedrooms and 2.5 bathrooms upstairs, a great room with a kitchen, a powder room, a screened porch, and a deck. A roof deck off the primary bedroom overlooks a preserved farm field. The second dwelling, located at 7031 Thorneton Road, is accessed from the back and offers a great room, a first-floor bedroom, and a bathroom. A large attic area presents the possibility for additional living space. Between the dwellings is a covered run-in shed with parking for three cars and an additional storage shed. The property, situated on a 0.5-acre lot, has been successfully rented for many years with long-term tenants. The dwellings share a well and have county sewer hookup. Recent updates include fresh paint and new LVT flooring upstairs in the front building. The property offers privacy with a stand of woods behind the second dwelling. The total property size is 2072 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Royal Oak
    County
    Talbot
    State
    Maryland
    Longitude
    -76.2009
    Latitude
    38.7156

    FAQs

    What type of property is this?
    Duplex - Two dwellings on a single property, ideal for rental income.
    Where is this duplex located?
    The property is located at 7033 THORNETON Road Royal Oak, MD.
    What is the asking price?
    The asking price for this property is $499,999.
    What are key features of this property?
    This property features: Two separate dwellings on one property, offering flexibility for rental income or multi‑generational living.; Move‑in ready condition with fresh paint and new LVT flooring in the front dwelling (7033).; Front dwelling (7033) features **3 bedrooms, 2.5 baths, a modern kitchen, screened porch, deck, and a roof deck overlooking a preserved farm field.**
    (410) 829-5468
    We can help!
    Listing Contact
    Kelly Y Showell
    Real Estate License ID: 311911
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7033 THORNETON Road, ROYAL OAK, MD 21662
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!