Financial
Distress signals
Property profile

1923 Old Eastern Ave Essex, MD 21221

FOR LEASE
Auto shops
Property ID
US40-0774776
6,936 SF 2.02 ac lot Built 1915
Last sale Sep 1999 · $165,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 1923 Old Eastern Avenue in Essex, Maryland, this 1940-built warehouse sits on a 2.024-acre waterfront parcel on Middle River. The property includes a 6,936-square-foot warehouse with seven oversized bay doors, a roof replacement completed in recent years, and a newly paved blacktop surface used for parking and vehicle maneuvering. The site has 148 feet of waterfront with mean water depths of approximately 5 feet and 3 feet at low tide, providing shoreline access suited to waterfront

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$466k
Assessed land$269k
Assessed improvement$197k
Effective rate0.70%

Value estimate

· Sep 2026
$205k
$185k – $226k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$3k
Operating expenses−$9k
NOI · 539.10% cap applied$16k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$231/SF
Submarket average, outlier-cleaned · 179 recorded sales of this use type
Observed band · Q1–Q3$95 – $441

Cap rate analysis

How does the asset earn?
539.10%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ML
The intent of this zone is to provide airplane assembly, automobile assembly and to provide boatyards including marinas or marine railways
General categoryINDUSTRIAL
JurisdictionBALTIMORE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency55.4
Building Supply40.8
Restaurant39.0

Location

1923 Old Eastern Ave Essex, MD 21221
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
547 Belwood, Baltimore, MD 21221-5259 $690,000 Mar 2024 5,600 SF
310 Eastern, Baltimore, MD 21221-6920 $600,000 Feb 2024 4,748 SF
309 Eastern, Baltimore, MD 21221 $260,000 Dec 2023 3,600 SF
601 Eastern, Essex, MD 21221-4908 $800,000 Dec 2023 5,668 SF
601 Marlyn, Baltimore, MD 21221-5234 $330,000 Mar 2022 3,450 SF
2434 Holly Nck, Essex, MD 21221-2029 $537,000 Mar 2019 3,498 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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