Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    508 Cynwood Dr Easton, MD 21601

    Sponsored
    For Sale
    $399,000

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

    Property size:
    4,862 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    359
    This exceptional 1,500+ square foot end-unit condo, situated in Easton's thriving medical and healthcare district, presents a turnkey opportunity for medical or professional practices. Conveniently located just off Route 50, this property boasts a well-designed floor plan ideal for a variety of uses. The space includes a welcoming waiting room, a dedicated reception area, two restrooms, and five versatile office/exam spaces, perfectly suited for individual practitioners or small groups. Additional features include a convenient break room, an equipment room, a sterilization area, and a mechanical room. The property is thoughtfully plumbed for dental chairs and wired for digital dentistry, making it particularly attractive to dental practices. Shared costs cover common area maintenance, trash removal, lawn and landscaping, and water usage, calculated proportionally among the four units. Ample parking is available for staff and clients, ensuring easy access and convenience. With its prime location, comprehensive amenities, and efficient layout, this property represents a rare opportunity to establish or expand a successful medical or professional practice in a high-demand area. The total square footage of the building is 4,862 square feet.

    Property Features for 508 Cynwood Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,862 SF

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Barbara Watkins

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Dentistry For Children Pediatric Dentist Kristine Houck Morris, ... Dentist Easton Oral & Maxillofacial Oral Surgeon MidShore Pediatric Dentistry Pediatric Dentist Dr. Horace K. ... Oral Surgeon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.06284
    Latitude
    38.763

    Nearby Similar for Sale

    • New
      $947,000
      3,400 SF

      New Duplex in Historic Easton

      Custom-built duplex with modern luxury in the heart of Easton.
      607-A & B St NORTH, Easton, MD 21601
      View Details
    • New
      $850,000
      0.25 Acres

      Historic Easton Property For Sale

      Historic property in downtown Easton, ideal for commercial or residential use.
      133 N Washington St, Easton, MD 21601
      View Details
    • $769,000

      End-Unit Townhouse in Cooke’s Hope

      Well-maintained townhouse with upgrades in a sought-after Easton community.
      28864 Jasper Ln, Easton, MD 21601
      View Details
    • $525,000

      Easton 55+ Community Home

      Move-in ready home in active adult community near Easton.
      29830 Hillary Ave, Easton, MD 21601
      View Details
    • $7,000,000

      Easton Medical/Professional Office Investment

      20,000 SF Class A medical/professional office building for sale.
      499 Idlewild Ave, Easton, MD 21601
      View Details
    • Contact for pricing
      18,800 SF

      High-Traffic Shopping Center For Sale

      Established shopping center in Easton's commercial district with high visibility.
      108 Marlboro Ave, Easton, MD 21601
      View Details
    • Contact for pricing
      93,085 SF

      Downtown Easton Shopping Center Opportunity

      Dynamic lifestyle center with retail spaces in downtown Easton.
      218 N Washington St, Easton, MD 21601
      View Details
    • $649,000

      Historical Farmhouse on Eastern Shore

      Secluded farmhouse with barn, workshop, and mature landscaping.
      27843 Saint Michaels Rd, Easton, MD 21601
      View Details
    • $350,000

      Medical/Professional Office Condo For Sale

      1,500+/- SF condo in Easton's medical district.
      508 Cynwood Dr, Easton, MD 21601
      View Details
    • Contact for pricing
      20,735 SF

      Turnkey Restaurant Space in Easton

      Fully equipped restaurant space inside Easton Bowling Alley.
      101 Marlboro Ave, Easton, MD 21601
      View Details
    • Contact for pricing
      113,330 SF

      Grocery-Anchored Shopping Center For Sale

      Bustling shopping center with strong performing co-tenants and ample parking.
      8223 Elliott Rd, Easton, MD 21601
      View Details
    • $947,000

      New Easton Duplex Investment Opportunity

      Custom-built duplex in historic Easton, projected completion late fall 2025.
      607 North St, Easton, MD 21601
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Easton location, 1500+ sq ft, fully equipped.
    Where is this commercial real estate located?
    The property is located at 508 Cynwood Dr Easton, MD.
    What is the asking price?
    The asking price for this property is $399,000.
    (410) 822-1415
    Request Owner's contact information
    508 Cynwood Dr Easton, MD 21601
    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.
    508 Cynwood Dr
    Easton, MD 21601
    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
    508 Cynwood Dr Easton, MD 21601
    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

    We can help!
    Listing Contact
    Barbara Watkins
    (410) 822-1415
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.