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Property profile & analytics
OFF-MARKET Estimated value $1,080,000
Office buildings

506 Brookletts Ave Easton, MD 21601-3853

8,512 SF 0.96 ac lot Built 1978
Entity Owned 2-yr Hold Free & Clear
Property ID
US40-1225757
Property summary
AI-generated overview

This exceptional 7,500 square foot flex space property in Easton, Maryland, presents a unique investment opportunity. Located at 506 Brookletts Ave, this Class B property, built in 1978, comprises two buildings on one acre of land, offering a total of 20 suites across two stories. The property features six drive-in bays and 25 parking spaces, catering to diverse business needs. Currently, 7,500 square feet is available for lease. The minimum leasable space is the entire 7,500 square feet. Building A includes a first-floor retail storefront ranging from 1,800 to 2,200 square feet, complete with office space and a fireproof walk-in safe. The second floor of Building A offers up to 15 individual offices, adaptable to various configurations, ideal for startups, individual professionals, or manufacturers' representatives. The property is situated within an Opportunity Zone and the new East End Small Area Plan, offering significant potential for growth and development. Zoned BC, the property's APN is 2101052160. Three units are currently leased. This property offers a compelling blend of retail and office space, making it an attractive option for a variety of businesses. The property's location at the intersection of Brookletts Avenue and Kemp Street in Easton, Maryland, zip code 21601, provides convenient access to local amenities and transportation routes.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction BRICK
Total area 8,512 SF
Lot 0.96 ac (41,818 SF)
APN 01-052160
UPID US40-1225757
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Baxter Soft Crabs Inc Big Box & Wholesale Store
  • Harry W Heinsohn Inc Construction Company General Contractor
  • Services Freight Service Logistics Company
  • Dinah's Custom Creations (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.08M
Owner & transaction history
411 Needwood LLC · 2 yrs held
411 Needwood LLC
since 2023
2 recorded transactions
2023
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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