Building Details

Year Built 2004

Listing Agency: Coldwell Banker Realty k***@cbmove.com Show Phone

Listed By: Edmund D Heffernan II · License #646867 Show Phone

Source: Cummingsrealtors

Added: Oct 1 Changed: Oct 4 Last Checked: Oct 5 at 7:30PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

At 1616 Postal Road, this 2,818-square-foot property combines a five-bedroom, two-and-a-half-bath residence with residential and commercial zoning. The main living area includes a family room with a wood-burning fireplace, a kitchen with a quartz island, and a formal dining room. Four bedrooms and two full bathrooms are upstairs, including a primary suite with a soaking tub; the third-floor bedroom can also serve as a recreation room. A side-entry garage provides additional storage, and the 0.27-acre lot includes a fenced outdoor area. Built in 2004, the property is in Chester, Maryland, and offers a residential layout with potential for a home-based business under its mixed-use zoning.

Key Highlights

• Residential and commercial zoning
• 2,818 square feet with five bedrooms and two‑and‑a‑half bathrooms
• Third‑floor bedroom can also function as a recreation room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,239

Cap Rate

5.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,780 $684.8K

Cap Rate 7%

$489,129 $489.1K

Cap Rate 9%

$380,433 $380.4K

Market Conditions

NOI Build-Up for 2,818 SF

Gross rent

$60.9K $21.60/SF

− Vacancy

−$6.1K −$2.16/SF

EGI

$54.8K $19.44/SF

− OpEx

−$20.5K −$7.29/SF

NOI

$34.2K $12.15/SF

Area

Queen Anne's County, MD

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,780

Cap Rate 7%

$489,129

Cap Rate 9%

$380,433

Alternative Uses

Best Use

Mixed Use

$489.1K

$428.0K – $570.7K (±1% cap)

NOI $34,239 @ 7.0% cap · market cap 5.39%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$675.1K

$590.7K – $787.6K (±1% cap)

NOI $47,258 @ 7.0% cap · market cap 7.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Astech Security Inc Security Service

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Building Supply Storage Facility Furniture & Home Goods Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

578

Businesses Nearby

Explore this area Business Placement

Demographics for 21619, MD

6,598

Population

3,002

Households

2.2

Avg Household Size

48

Median Age

37%

College-Educated

92%

High-School Grad

9.3 sq mi

ZIP Area

709

Density / Sq Mi

$100,359

Median Household Income

$55,450

Median Earnings

$1,845

Median Rent

$459,100

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Property with Office Layout

321 PINEY NARROWS ROAD #1, Chester, MD 21619

Contact for pricing

950 SF

View details

Waterfront Residential Income Property

111 MARSHGRASS WAY #41, Chester, MD 21619

$998,000

View details

Residential Income Property with Garage

736 WARBLER WAY Unit: 2733, Chester, MD 21619

$719,990

View details

Top-Floor Residential Income Property

111 MARSHGRASS WAY #43, Chester, MD 21619

$744,900

View details

Harbor Drive Specialty Property

1757 HARBOR Dr, Chester, MD 21619

$1,198,800

0.55 Acres

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Residential and commercial zoning supports a home-based business alongside a substantial single-family layout.

Where is this mixed-use property located?

The property is located at 1616 POSTAL ROAD Chester, MD.

What is the asking price?

The asking price for this property is $635,000.

What are key features of this property?

This property features: Residential and commercial zoning; 2,818 square feet with five bedrooms and two‑and‑a‑half bathrooms; Third‑floor bedroom can also function as a recreation room