Office Suite with Common
For Sale
Contact for pricing
903 WASHINGTON AVENUE #4, Chestertown, MD 21620
Office suite offers a large common space, three private offices, a conference room, and a kitchen and bath break area.
Property Size1,233 SF
Price / SF$1.09
Days on Market98
Property Features for 903 WASHINGTON AVENUE #4
General Information
Standard status
Active
Size
1,233 SF
Property subtype
Commercial
Additional Details
Office Units
3
Building Details
Year Built
1990
Listing Agency:
TTR Sotheby's International Realty
(410) 673-3344
Listed By:
Liddy Campbell · License #643182
(410) 708-5433
Source:
Cummingsrealtors
Added: Jul 15
Changed: Oct 19
Last Checked: Oct 19 at 9:58AM
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 TTR Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office suite includes a large common space along with three private offices. There is also a conference room that is wired and ready for presentations, plus a large kitchen and bath break area, as shown on the available floor plan.
The property is located on the Route 213 corridor in Chestertown, Maryland, with ample parking lot spaces for employee and customer access.
The suite is offered for sale and is designed around a practical mix of shared and private work areas for everyday office use.
The property is located on the Route 213 corridor in Chestertown, Maryland, with ample parking lot spaces for employee and customer access.
The suite is offered for sale and is designed around a practical mix of shared and private work areas for everyday office use.
Key Highlights
- Office suite totals over 1,200 sq. ft. with a large common space
- Includes three private offices
- Conference room is wired and ready for presentations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,900
$172.9K
Cap Rate 7%
$123,500
$123.5K
Cap Rate 9%
$96,056
$96.1K
Market Conditions
NOI Build-Up for 1,233 SF
Gross rent
$14.1K $11.40/SF
− Vacancy
−$2.5K −$2.05/SF
EGI
$11.5K $9.35/SF
− OpEx
−$2.9K −$2.34/SF
NOI
$8.6K $7.01/SF
Area
Queen Anne's County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,900
Cap Rate 7%
$123,500
Cap Rate 9%
$96,056
Alternative Uses
Best Use
Office B
$123.5K
$108.1K – $144.1K
NOI $8,645 @ 7.0% cap · market cap 640.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.4K
$258.5K – $344.6K
NOI $20,677 @ 7.0% cap · market cap 1,531.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
285
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite offers a large common space, three private offices, a conference room, and a kitchen and bath break area.
Where is this office unit located?
The property is located at 903 WASHINGTON AVENUE #4 Chestertown, MD.
What are key features of this property?
This property features: Office suite totals over 1,200 sq. ft. with a large common space; Includes three private offices; Conference room is wired and ready for presentations
