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    1700 Ocean Gtwy Trappe, MD 21673

    • Industrial properties
    • 8,664 SF
    • 8.66 lot acres
    For Sale
    View listing
    $950,000
    Value Estimation
    Location Intelligence
    Property ID
    US40-0874990
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pesca bill burton / Grocery Store

    Property Details for 1700 Ocean Gtwy

    Year built
    1987
    Construction
    BRICK
    Lot size
    8.66 lot acres
    Property size
    8,664 SF
    Zone code
    A1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    03-117561
    APU
    3117561

    Description

    This exceptional 10.5-acre commercial property presents a unique investment opportunity in Trappe, Maryland. Strategically located on Ocean Gateway, just north of the Choptank River Bridge, this site boasts unparalleled visibility and accessibility. The expansive 475,000 square foot parcel offers significant development potential, ideal for a variety of commercial ventures. Its prime waterfront location provides stunning views and adds considerable value. Currently, the property awaits final approval and funding for a private sewage treatment plant from the state of Maryland and Talbot County. This crucial infrastructure element will significantly enhance the site's development potential and unlock its full commercial viability. The property's size and location make it an attractive prospect for businesses seeking a high-profile presence in a rapidly growing area. The completion of the sewage treatment plant will remove a key hurdle for future development, making this a compelling investment for those with a long-term vision. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $950,000. Don't miss this chance to acquire a significant piece of prime commercial real estate in a desirable Maryland location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Trappe
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0442
    Latitude
    38.5987
    CBSA code
    20660
    CBSA name
    EASTON, MD MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,491
    $406,500
    $1,170,600
    $1,577,100
    -
    $406,500
    $1,170,600
    $1,577,100

    Comparable in this City

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    Trappe, MD 21673
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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
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