Add Listing
    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

    29587 Matthewstown Rd Easton, MD 21601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $12,000,000

    Prime agricultural land available in Easton, Maryland.

    Type:Farm
    Property size:
    2,397 SF
    Lot size:
    2,397.00 Acres
    Added:
    Mar 15, 2025
    Days on Market:
    400
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 29587 Matthewstown Rd

    General Information

    Standard status
    Active
    Size
    2,397 SF
    Lot size
    2,397.00 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    1939

    We can help!

    Listing Contact
    Shawn Moore

    Listing agent Shawn Moore License #5010134

    Listing office Eastern Shore Fine Properties, INC

    Listing date Mar 15, 2025

    Source Evrealestate

    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 Eastern Shore Fine Properties, INC

    Overview

    Easton Agricultural Property for Sale

    Located off Route 331 in Easton, Maryland, this agricultural property is accessible via June Way Street in the Waylands Development, leading to a gravel driveway. The property is situated in Talbot County and encompasses 2397 acres.
    Location Intelligence

    Current Use by Public Records

    Swann Haven Mobile ... Campground & RV Park

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0425295
    Latitude
    38.7767166

    Nearby Similar for Sale

    • $145,000

      Easton Office Space For Sale

      Second-floor office space with great visibility and ample parking.
      8706 COMMERCE DR #6, EASTON, MD 21601
      View Details
    • $145,000

      Easton Office Space For Sale

      Second-floor office unit with high visibility and ample parking.
      8706 COMMERCE DR #4, EASTON, MD 21601
      View Details
    • $924,000
      3,400 SF

      Easton Duplex: Modern Investment Opportunity

      Custom-built duplex in historic Easton with modern luxury finishes.
      607-A & B NORTH Street, EASTON, MD 21601
      View Details
    • $2,300,000

      Profitable Car Wash Business Opportunity

      Successful car wash business with modern equipment and prime location.
      29328 MATTHEWSTOWN ROAD, EASTON, MD 21601
      View Details
    • $1,550,000

      High-Visibility Retail and Warehouse Space

      Retail and warehouse space with high traffic exposure.
      6475 OLD TRAPPE ROAD, EASTON, MD 21601
      View Details
    • $7,000,000
      20,000 SF

      Easton Medical/Professional Office Building For Sale

      20,000 SF Class A medical/professional office building for sale.
      499 IDLEWILD AVENUE, EASTON, MD 21601
      View Details
    • $499,000
      3,850 SF

      Renovated Restaurant on High-Traffic Corner

      Turn-key restaurant opportunity on a high-visibility corner lot.
      8305 Ocean Gtwy, EASTON, MD, 21601-7149
      View Details
    • $16
      113,330 SF

      Grocery-Anchored Shopping Center For Sale

      Bustling shopping center with strong performing co-tenants and ample parking.
      8223 Elliott Road, Easton, MD 21601-2956
      View Details
    • $1,950

      Retail/Office Space Near Downtown Easton

      Retail or office spaces with street access and parking.
      25 Creamery Ln, Easton, MD 21601
      View Details
    • $8
      1,300 SF

      Established Shopping Center Retail Space

      High-traffic shopping center with retail space in Easton's commercial district.
      108 Marlboro Ave, Easton, MD 21601
      View Details
    • $8
      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
    • $529,000
      5,874 SF

      Easton Retail Property For Sale

      Retail property available for purchase in Easton, Maryland.
      320 Glebe Rd, Easton, MD
      View Details

    FAQs

    What type of property is this?
    Farm - Prime agricultural land available in Easton, Maryland.
    Where is this farm located?
    The property is located at 29587 Matthewstown Rd Easton, MD.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Located in Waylands Development; Talbot County location; Built in 1939
    (410) 829-6466
    We can help!
    Listing Contact
    Shawn Moore
    Real Estate License ID: 5010134
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!