Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two Lots in Chesapeake Landing Title is generated by Realmo AI

    CLARISSA Road, Chestertown, MD 21620

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at CLARISSA Road, Chestertown, MD
    For Sale
    Contact for pricing

    LAND - CHESTERTOWN, MD

    Lot size:
    0.34 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    228
    Last Refresh:
    May 17 at 10:06 pm

    Property Features for CLARISSA Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    34

    We can help!

    Listing Contact
    Rena Champaco

    Listing agent Rena Champaco License #5016423

    Listing office Samson Properties 6363 Walker Lane unit: 130, Chantilly, MD

    Listing date Oct 2, 2025

    MLS# MDKE2005786 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two combined lots totaling 15,000 SQFT under one tax ID.
    • Located in Chesapeake Landing, a sought‑after community.
    • Opportunity to build a custom home.
    • Nearby homes selling in the high $600Ks.
    • Minutes from Historic Downtown Chestertown and the Chesapeake Bay.
    • Close to local parks, restaurants, and waterfront amenities.

    Overview

    Two expansive lots, combining lots 191 and 192, offer 15,000 square feet of land on the south side of Clarissa Road, Block 2 of Chesapeake Landing, under one tax ID. This property presents the opportunity to design and build a custom home in a community where nearby homes are selling in the high $600,000s. Located in Chestertown, Maryland, the land is situated minutes from Historic Downtown Chestertown, the Chesapeake Bay, and Washington College. The location provides convenient access to local parks, restaurants, and waterfront amenities. The total lot size is 0.3444 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Chestertown
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.164537
    Latitude
    39.272192

    Nearby Similar for Sale

    • $200,000

      Cleared Acreage Near Commercial Corridor

      5.81 acres of suburban commercial land near Downtown Chestertown.
      ROUND TOP ROAD, CHESTERTOWN, MD 21620
      View Details
    • $29,000

      Vacant Land in Chestertown, MD

      1.05-acre vacant land, close to local amenities.
      206 BURCHARD SAWMILL Road, CHESTERTOWN, MD 21620
      View Details
    • $795,000
      3,500 SF

      Chestertown Church and Additional Parcels

      Church and additional parcels in the heart of Chestertown.
      201 N LYNCHBURG St, Chestertown, MD 21620
      View Details
    • $750,000

      Chestertown Land with Redevelopment Potential

      Land in Chestertown, MD with redevelopment potential.
      201 N LYNCHBURG Street, CHESTERTOWN, MD 21620
      View Details
    • $79,000

      Private Wooded Lot For Sale

      Secluded 2-acre lot perfect for recreation and nature.
      SANDY BOTTOM Road, CHESTERTOWN, MD 21620
      View Details
    • $39,000

      Chesapeake Landing Land Parcel

      1.51 acre land parcel in Chesapeake Landing community.
      CLOQUET Road, CHESTERTOWN, MD 21620
      View Details
    • $860,000

      Unique Radcliffe Mill Annex/Seed House

      Restored wellness center with cafe, studio, and office spaces.
      860 HIGH STREET, CHESTERTOWN, MD 21620
      View Details
    • $90,000

      Wooded Land Parcel in Chestertown

      Almost 4-acre wooded parcel with paid water and sewer allocation.
      GEORGETOWN Road, CHESTERTOWN, MD 21620
      View Details
    • $15,000

      Secluded Wooded Lot in Chestertown

      Half acre wooded lot, potential hunting or building site.
      22681 WOOD YARD Lane, CHESTERTOWN, MD 21620
      View Details
    • $395,000
      3,664 SF

      Historic Chestertown Multi-Family Opportunity

      Multi-family property in Chestertown's Historic and Arts & Entertainment Districts.
      349 & 351 HIGH STREET, CHESTERTOWN, MD 21620
      View Details
    • $109,999

      Commercial Lot in Downtown Chestertown

      Downtown commercial lot with development potential near established businesses.
      116 CROSS St, Chestertown, MD 21620
      View Details
    • $25,000

      Vacant Land in Chestertown, MD

      Vacant land at Johnsontown Rd and Willow Oak Lane.
      JOHNSONTOWN Road, CHESTERTOWN, MD 21620
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two combined lots to build your dream home near Chesapeake!
    Where is this residential land & home lot located?
    The property is located at CLARISSA Road Chestertown, MD.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Two combined lots totaling 15,000 SQFT under one tax ID.; Located in Chesapeake Landing, a sought‑after community.; Opportunity to build a custom home.
    (202) 907-0052
    We can help!
    Listing Contact
    Rena Champaco
    Real Estate License ID: 5016423
    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

    Thank You for Inquiry
    CLARISSA Road, CHESTERTOWN, MD 21620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!