Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ocean Gtwy Easton, MD 21601
    Back to Search
    Property profile & analytics

    Ocean Gtwy, Easton, MD 21601

    View on Map
    • Land
    • 58.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ocean Gtwy

    Lot size
    58.00 lot acres
    Property type
    Land

    Description

    This exceptional 58-acre parcel presents a unique investment opportunity in Easton, Maryland. Strategically located on Route 50, this property boasts high visibility and convenient access to major roadways and amenities. The land is comprised of approximately 22 acres zoned R10A, suitable for residential development including townhouses, multi-family units, or single-family homes. The remaining 34 acres are zoned CL, ideal for commercial ventures such as retail stores, restaurants, or pad sites. This versatile zoning allows for a mixed-use development, maximizing potential returns. The property's location within an Opportunity Zone adds further investment appeal. Detailed zoning information and permitted uses are available upon request. The property includes Tax Map 100, Parcel 0420 Chapel Road, Easton, and is offered at $8,000,000. This is a rare chance to acquire a large, strategically located tract of land with significant development potential in a thriving Maryland market. The property's size and zoning flexibility make it an attractive prospect for developers seeking to create a landmark project. The address is Ocean Gateway, Route 50, Easton, MD 21601, APN 2101063790, owned by an LLC. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0602
    Latitude
    38.7909

    Comparable in this City

    • Value Estimation by Request
      14.00 Acres

      Calvert St

      Land
      0 Calvert St, Easton, MD 21601
      View Details
    • Value Estimation by Request
      4.42 Acres

      Cordova Rd

      Land
      0 Cordova Rd, Cordova, MD 21601
      View Details
    • Value Estimation by Request
      0.01 Acres

      700 Prt St, Unit 108

      APARTMENT HOUSE (UNDER 5 UNITS)
      700 Prt St, Easton, MD 21601-8186
      View Details
    • Value Estimation by Request
      0.02 Acres

      700 Prt St, Unit 225

      APARTMENT HOUSE (UNDER 5 UNITS)
      700 Prt St, Easton, MD 21601-8155
      View Details
    • Value Estimation by Request
      0.02 Acres

      700 Prt St, Unit 236

      APARTMENT HOUSE (UNDER 5 UNITS)
      700 Prt St, Easton, MD 21601-8155
      View Details
    • Value Estimation by Request
      7,259 SF

      700 Prt St

      APARTMENT HOUSE (5+ UNITS)
      700 Prt St, Easton, MD 21601-8184
      View Details

    Similar Nearby for Sale

    • $210,500

      Land Available in Easton, MD

      Land for sale located at 313 N Aurora St, Easton.
      313 N Aurora St, Easton, MD 21601
      View Details
    • $99,000
      4.42 Acres

      Cordova Road Commercial Land Parcel

      4.42 Acres, Prime Commercial Land
      0 Cordova Rd, Cordova, MD 21601
      View Details
    • $1,080,000

      Renovated Colonial Duplex in Easton

      Updated duplex with high-end finishes, ideal for investment or residence.
      140 S Washington St, Easton, MD 21601
      View Details

    Similar Nearby for Lease

    • $1,430 /Mo

      Easton Commercial Space For Rent

      Commercial space available for rent in Easton, Maryland.
      350 N Aurora St, Easton, MD 21601
      View Details
    • $12 SF/Yr
      576,734 SF

      Prime Retail Space in Easton

      Exceptional leasing opportunity in a premier Easton shopping destination.
      210 Marlboro Ave, Easton, MD 21601
      View Details
    • $8 SF/Yr

      Flex/Industrial Space For Lease

      Flex/industrial space with office areas, excellent visibility, and accessibility.
      28370 Saint Michaels Rd, Easton, MD 21601
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in Waterside Village

      Retail space for lease in Easton's premier mixed-use destination.
      28614 Marlboro Ave, Easton, MD 21601
      View Details
    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.
    Ocean Gtwy
    Easton, MD 21601
    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
    Ocean Gtwy, Easton, MD, 21601
    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!