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Building Details

Building Size 5,600 SF

Year Built 2009

Listing Agency: Coldwell Banker Chesapeake Real Estate Company

Listed By: Michael ONeill · License #5010912 Show Phone

Source: Barnesrealestatecompany

Added: Jun 10 Changed: Oct 6 Last Checked: Oct 15 at 6:14AM

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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 Chesapeake Real Estate Company

Investment Insights

Based on property information with market context.

This industrial flex building is designed to support a range of business operations with a layout that separates personnel, office functions, and shop space. The building includes radiant floor heating, 3-phase electric throughout, and passive solar heating and cooling concepts, reflected in the dynamic roof pitch. Interior amenities include quality control, conference, and storage rooms, along with three bathrooms, one with a shower.

The property is positioned minutes from the Eastern Shore thoroughfares of Routes 301 and 213 and just outside downtown Chestertown. The offering is described as having industrial zoning, public sewer, tractor trailer access, and a railway abutting the business park. The exterior is arranged for ample parking for staff and customers separately, and is also designed for tractor trailer turnaround.

With over 2 acres and an extra sewer allotment, the site is presented as capable of supporting expansion or new business operations.

Key Highlights

• Industrial flex building with office, quality control, conference, storage, and shop space for personnel and work areas.
• Radiant floor heating plus passive solar heating and cooling design with dynamic roof pitch by architect Peter Newlin.
• Industrial zoning with public sewer, 3‑phase electric throughout the building, and railroad abutting the business park.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,893

Cap Rate

2.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$617,860 $617.9K

Cap Rate 7%

$441,329 $441.3K

Cap Rate 9%

$343,256 $343.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,600 SF

Gross rent

$50.4K $9.00/SF

− Vacancy

−$2.9K −$0.51/SF

EGI

$47.5K $8.49/SF

− OpEx

−$16.6K −$2.97/SF

NOI

$30.9K $5.52/SF

Area

Queen Anne's County, MD

Vacancy

5.70%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$617,860

Cap Rate 7%

$441,329

Cap Rate 9%

$343,256

Alternative Uses

Best Use

Industrial

$441.7K

$386.5K – $515.3K (±1% cap)

NOI $30,919 @ 7.0% cap · market cap 2.81%

Second Best

Flex RnD

$441.3K

$386.2K – $514.9K (±1% cap)

NOI $30,893 @ 7.0% cap · market cap 2.81%

Theoretical Best

Office A

$1.34M

$1.17M – $1.57M (±1% cap)

NOI $93,912 @ 7.0% cap · market cap 8.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Food Market Accounting Firm Farmer's Market Grocery & Convenience Store

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

15

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 21620, MD

12,726

Population

6,259

Households

2

Avg Household Size

46

Median Age

43%

College-Educated

93%

High-School Grad

118.7 sq mi

ZIP Area

107

Density / Sq Mi

$76,094

Median Household Income

$39,432

Median Earnings

$1,149

Median Rent

$318,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial flex building with radiant floor heating, offices and shop space, and tractor-trailer access.

Where is this flex space located?

The property is located at 25416 COMMERCE LANE Chestertown, MD.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Industrial flex building with office, quality control, conference, storage, and shop space for personnel and work areas.; Radiant floor heating plus passive solar heating and cooling design with dynamic roof pitch by architect Peter Newlin.; Industrial zoning with public sewer, 3‑phase electric throughout the building, and railroad abutting the business park.