Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Radcliffe Mill Office Space Title is generated by Realmo AI

    870 HIGH Street, Chestertown, MD 21620

    View on Map
    Claim this Listing
    For Lease
    $250 SF/Yr

    CommercialLease - CHESTERTOWN, MD

    Type:Office
    Lot size:
    2.32 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 870 HIGH Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Rooms
    Basement
    Parking
    65
    Parking features
    Parking Lot, Special Needs
    Standard status
    Active
    Lot size
    2.32 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1860
    Building materials
    Metal Siding, Wood Siding

    We can help!

    Listing Contact
    Julie H SANTOBONI

    Listing agent Julie H SANTOBONI License #672033

    Listing office Taylor Properties 175 Admiral Cochrane Drive unit: 112, Annapolis, MD

    Listing date Mar 25, 2026

    MLS# MDKE2006280

    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

    • Below market rents for all office spaces, starting at $250.
    • Flexible lease terms available.
    • Historic building with modern amenities and ADA accessibility.
    • Strategically located at the start of the Rail Trail, with easy access to downtown Chestertown and Washington College.
    • Ample parking available.
    • Includes access to kitchen space and most utilities.

    Overview

    Radcliffe Mill provides a variety of office, professional, and artist spaces, ranging from individual cubicles to multiple-floor suites, combining modern conveniences with historic charm. All offices have access to kitchen space, and most are ADA accessible. Located at the head of the Rail Trail leading to downtown Chestertown and Washington College, and on the road to Rock Hall, Radcliffe Mill is an award-winning restoration of a Kent County landmark, originally restored in 2007. The restoration preserved original features while integrating modern amenities and ensuring handicapped accessibility. The property has ample parking and offers convenient access to downtown Chestertown and Washington College by car, bike, or foot. The property sits on a 2.32-acre lot. Flexible lease terms are available, with a minimum one-year lease required and a preference for two-year or longer terms. Rent includes most utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cafe Sado Restaurant Radcliffe Financial Financial Advisor Radcliffe Corporate Services ... Tax Preparation Radcliffe Corporate Services: ... Accounting Firm Psychotherapeutic Management Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.08035
    Latitude
    39.21944

    Nearby Similar for Lease

    • $2,200/Mo

      Commercial Space in Historic Chestertown

      Vacant commercial space suitable for retail or restaurant use.
      315 CANNON Street, CHESTERTOWN, MD 21620
      View Details
    • $445/Mo

      Chestertown Basement Office Space

      Charming, historic Chestertown office space with utilities included.
      302 PARK Row, CHESTERTOWN, MD 21620
      View Details
    • $395/Mo

      Historic Chestertown Office Space

      Charming basement office in historic downtown Chestertown, MD.
      302 PARK Row, CHESTERTOWN, MD 21620
      View Details
    • $2,864/Mo

      Retail Space in College Commons

      Inline retail space available for lease in Chestertown, MD.
      601 WASHINGTON Avenue, CHESTERTOWN, MD 21620
      View Details
    • $2,900/Mo
      19,416 SF

      Downtown Office or Medical Suite

      Prime office space in historic Chestertown with flexible layout.
      315 High St, Chestertown, MD 21620
      View Details
    • $395/Mo

      Charming Basement Office in Chestertown

      Basement office space in historic downtown Chestertown, MD.
      302 PARK Row BASEMENT 2, Chestertown, MD 21620
      View Details
    • $250 SF/Yr

      Radcliffe Mill Office Space Available

      Office and artist spaces with modern amenities and historic charm.
      870 HIGH St INDIVIDUAL OFFICES, Chestertown, MD 21620
      View Details
    • $395/Mo

      Office Space in Chestertown

      Basement office space available for rent in Chestertown.
      302 Park Row #Basement 2, Chestertown, MD 21620
      View Details
    • $445/Mo

      Office Space in Chestertown

      Basement office unit available for rent in Chestertown, MD.
      302 Park Row #Basement Office 3, Chestertown, MD 21620
      View Details
    • Contact for pricing
      2,007 SF

      Retail Space in Chestertown

      Highly visible retail property in the heart of Chestertown.
      611 Washington Ave, Chestertown, MD
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Kent Plaza

      Retail space available in community shopping center with anchor tenants.
      711 Washington Ave, Chestertown, MD
      View Details

    FAQs

    What type of property is this?
    Office units - Office and artist spaces with modern amenities and historic charm.
    Where is this office units located?
    The property is located at 870 HIGH Street Chestertown, MD.
    What is the lease rate?
    The lease rate is $250 SF/Yr.
    What are key features of this property?
    This property features: Below market rents for all office spaces, starting at $250.; Flexible lease terms available.; Historic building with modern amenities and ADA accessibility.
    (202) 607-6762
    We can help!
    Listing Contact
    Julie H SANTOBONI
    Real Estate License ID: 672033
    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
    870 HIGH Street, CHESTERTOWN, MD 21620
    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!