Mixed-Use Property with Finished
For Sale
$325,000
896 Washington Ave, Chestertown, MD 21620
Residential and commercial zoning supports a range of property uses.
Property Size2,000 SF
Price / SF$162.50
Days on Market11
Property Features for 896 Washington Ave
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Year Built
1965
Listing Agency:
Coldwell Banker Chesapeake Real Estate Company
Listed By:
Peter D Heller
(410) 708-3301
Source:
Baltimoreharfordhomesforsale
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 5 at 7:29PM
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 mixed-use property has residential and commercial zoning and a fully finished basement. The building was constructed in 1965 and is located at 896 Washington Ave in Chestertown, Maryland.
Key Highlights
- Residential and commercial zoning
- Fully finished basement
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,300
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,000
$486.0K
Cap Rate 7%
$347,143
$347.1K
Cap Rate 9%
$270,000
$270.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$4.3K −$2.16/SF
EGI
$38.9K $19.44/SF
− OpEx
−$14.6K −$7.29/SF
NOI
$24.3K $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%
$486,000
Cap Rate 7%
$347,143
Cap Rate 9%
$270,000
Alternative Uses
Best Use
Mixed Use
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.1K
$419.3K – $559.0K
NOI $33,540 @ 7.0% cap · market cap 10.32%
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
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial zoning supports a range of property uses.
Where is this mixed-use property located?
The property is located at 896 Washington Ave Chestertown, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Residential and commercial zoning; Fully finished basement; Built in 1965
