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    408 Cynwood Dr Easton, MD 21601

    Sponsored
    For Sale
    $489,000

    1,500 SF Medical Office - 100% Occupied

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fee-simple medical office condo, located at 408 Cynwood Drive in Easton, Maryland, presents a unique investment opportunity. The 1,500 square foot, single-unit building, built in 1996 and renovated in 2005, boasts a desirable location in Easton's medical district, conveniently situated off Route 50. Currently 100% occupied, the property offers a strong return on investment with an asking price of $489,000 ($326 per square foot and $489,000 per unit). The well-designed floor plan includes a waiting room, reception area, two restrooms, five office/exam spaces, a break room, equipment room, sterilization area, and a mechanical room. All rooms are plumbed for dental chairs and wired for digital dentistry, making it ideal for a variety of medical or professional uses. Shared costs cover common area maintenance, trash removal, lawn/landscaping, and water usage (prorated based on square footage among four units). Ample parking is available. The property is zoned "C" and features one story in a single building. This turnkey operation offers immediate income and significant potential for future growth within a thriving medical community. The property's excellent condition and prime location make it an attractive investment for both seasoned and new investors in the medical real estate market.

    Property Features for 408 Cynwood Dr

    General Information

    Property type
    Medical space
    Square Feet
    1,500 SF

    Building Details

    Year Built/Renovated
    1996/2005
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $489,000 asking price for this fee simple medical office condo.
    • 1,500 square feet of net rentable space in a single‑unit building.
    • Located in Easton, MD, in a medical district, conveniently off Route 50.
    • 100% occupancy.
    • Built in 1996 and renovated in 2005.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.062984
    Latitude
    38.763962

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    FAQs

    What type of property is this?
    Medical space - 1,500 SF Medical Office - 100% Occupied
    Where is this medical space located?
    The property is located at 408 Cynwood Dr Easton, MD.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: $489,000 asking price for this fee simple medical office condo.; 1,500 square feet of net rentable space in a single-unit building.; Located in Easton, MD, in a medical district, conveniently off Route 50.
    Request Owner's contact information
    408 Cynwood Dr Easton, MD 21601
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    Easton, MD 21601
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    Realmo Value Estimation

    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.

    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.

    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
    408 Cynwood Dr Easton, MD 21601
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