Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Cordova Rd Cordova, MD 21601

    • Land
    • 4.42 lot acres
    For Sale
    View listing
    $99,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cordova Rd

    Lot size
    4.42 lot acres
    Property type
    Land

    Description

    This exceptional 4.42-acre commercial land parcel presents a unique investment opportunity in Talbot County, Maryland. Located on Cordova Road in Easton, MD, zip code 21601, this property boasts a prime location with convenient access to major roadways. The land is currently zoned as Western Conservation Reserve, offering potential for a variety of commercial developments subject to local planning and zoning approvals. The expansive 4.42-acre lot provides ample space for various commercial ventures. Its wooded character adds to its natural appeal and offers a tranquil setting. Detailed site surveys and environmental assessments may be required to determine the feasibility of specific development plans. Prospective buyers are encouraged to conduct their own due diligence to ascertain the suitability of the land for their intended use. The asking price for this remarkable property is $99,000. This represents a compelling opportunity to acquire a significant land holding in a desirable location with potential for substantial future returns. The property's latitude and longitude coordinates are 38.8483667 and -76.018598 respectively. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    TALBOT
    State
    Maryland
    Longitude
    -76.0186
    Latitude
    38.8484

    Comparable in this City

    • Value Estimation by Request
      58.00 Acres

      Ocean Gtwy

      Land • 58.00 Acres
      0 Ocean Gtwy, Easton, MD 21601
      View Details
    • Value Estimation by Request
      14.00 Acres

      Calvert St

      Land • 14.00 Acres
      0 Calvert St, Easton, MD 21601
      View Details
    • Value Estimation
      $5,105,000
      33,024 SF

      101 Marlboro Ave

      COMMERCIAL (GENERAL) • 33,024 SF
      101 Marlboro Ave, Easton, MD 21601-2768
      View Details
    • Value Estimation by Request
      1,152 SF

      33359 Matthewstown Rd

      COMMERCIAL (GENERAL) • 1,152 SF
      33359 Matthewstown Rd, Easton, MD 21601-6723
      View Details
    • Value Estimation
      $3,235,000
      12,576 SF

      8265 Ocean Gtwy

      COMMERCIAL (GENERAL) • 12,576 SF
      8265 Ocean Gtwy, Easton, MD 21601-7147
      View Details
    • Value Estimation by Request
      1,600 SF

      28712 Glebe Rd

      COMMERCIAL (GENERAL) • 1,600 SF
      28712 Glebe Rd, Easton, MD 21601-7431
      View Details

    Similar Nearby for Sale

    • $459,000

      Land For Sale Easton, MD

      Land available for sale in Easton, Maryland.
      14 Sandy Ln, Easton, MD 21601
      View Details
    • Contact for pricing
      0.61 Acres

      Easton Commercial Land - Prime Location

      High-visibility corner lot, build-to-suit potential.
      8328 Ocean Gtwy, Easton, MD 21601
      View Details
    • $8,000,000
      58.00 Acres

      Ocean Gateway Development Land

      58 Acres, Easton, MD - Prime Location
      0 Ocean Gtwy, 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
    • $325,000

      Land Available for Sale

      Land available for sale in Easton, MD.
      Boston Cliff Rd, Easton, MD 21601
      View Details
    • $3,495,000
      6,400 SF

      Easton Car Wash - Prime Location

      Successful car wash, high traffic area, excellent investment.
      29328 Matthewstown Rd, Easton, MD 21601
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Commercial Land Near Easton Airport

      Commercial land available for rent near Route 50.
      12B Mistletoe Dr, Easton, MD 21601
      View Details
    • $15 SF/Yr

      Commercial Land Near Easton Airport

      Commercial land available for rent near Route 50 and airport.
      12B Mistletoe Dr, Easton, MD 21601
      View Details
    • $15 SF/Yr

      Commercial Land Near Easton Airport

      Commercial land available for rent near Route 50 and airport.
      12A Highland Ct, Easton, MD 21601
      View Details
    • $15,031 /Mo

      Easton Specialty Property for Rent

      Specialty property available for lease in Easton, Maryland.
      28370 Saint Michaels Rd, Easton, MD 21601
      View Details
    • Contact for pricing
      2,700 SF

      Grocery Anchored Retail Space

      Well-maintained shopping center space adjacent to Walmart.
      8171 Elliott Rd, Easton, MD 21601
      View Details
    • $13 SF/Yr

      Easton Retail Space For Rent

      Retail/commercial space available on N Aurora St, Easton, MD.
      350 N Aurora St, 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.
    Cordova Rd
    Cordova, 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

    Google sign-in failed. Please try again or use another login method.