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    Easton Medical/Professional Office Building Title is generated by Realmo AI

    499 Idlewild Ave, Easton, MD 21601

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    20,000 SF Class A office building in Easton, MD.

    Type:Office
    Property size:
    20,000 SF
    Price / SF:
    $345/SF
    Added:
    Oct 3, 2022
    Days on Market:
    1341
    Last Refresh:
    May 19 at 10:13 pm

    Property Features for 499 Idlewild Ave

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Chelsye Phillips-Hutton

    Listing agent Chelsye Phillips-Hutton License #MD #5007104

    Listing office NAI Coastal - Salisbury

    Listing date Oct 3, 2022

    Source Crexi

    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 NAI Coastal - Salisbury

    HighLights

    • 100% occupancy with tenants exceeding five‑year terms and strong financial records.
    • 20,000 square feet of Class A medical and professional office space.
    • Built in 2021, exceeding building efficiency code requirements.
    • Potential for significant Return on Investment within the first few years.
    • Proximity to Route 50, University of Maryland Shore Medical Center (0.50 miles), and downtown Easton.
    • Ample parking available.

    Overview

    Located in the Easton medical and professional corridor, 499 Idlewild Ave, Easton, MD, presents an opportunity to acquire a recently constructed, triple-net, commercial property. Built in 2019, this 20,000 square foot building is currently 100% occupied by tenants with lease terms exceeding five years and strong financial records. Constructed to surpass building efficiency code requirements, this Class A medical and professional office building offers ample parking. Its location near Route 50, the University of Maryland Shore Medical Center (0.50 miles), and downtown Easton provides convenient access to amenities and restaurants, making it an attractive location for tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shore Legal Access, ... Law Firm O'Donnell Vein & Laser Medical Clinic CoreLife Weight Loss Service Regenerative Orthopedics and Sports ... Medical Clinic Phoenix Physical Therapy Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Midshore Veterinary Service — 605 Dutchmans Ln, Easton, MD 21601
    • East Coast Vets — 29315 Dover Rd, Easton, MD 21601
    • Kerns Jennifer DVM — 602 Dutchmans Ln, Easton, MD 21601
    • Chesapeake Veterinary House Clls: Matsche Carine DVM — Easton, MD 21601
    • Mobile Comm-Dip — 219 S Washington St, Easton, MD 21601

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0695491
    Latitude
    38.76522

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    FAQs

    What type of property is this?
    Medical Office Space - 20,000 SF Class A office building in Easton, MD.
    Where is this medical office space located?
    The property is located at 499 Idlewild Ave Easton, MD.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: 100% occupancy with tenants exceeding five‑year terms and strong financial records.; **20,000 square feet of Class A medical and professional office space.**; Built in 2021, exceeding building efficiency code requirements.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chelsye Phillips-Hutton
    Real Estate License ID: MD #5007104
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    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.

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