Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Office buildings

    1103 S Talbot St, Saint Michaels, MD 21663

    6,950 SF 0.55 ac lot Built 1972
    Entity Owned 25-yr Hold Free & Clear
    Property ID
    US40-0238293
    Property summary
    AI-generated overview

    This exceptional Class A executive office building, located at 1103 S Talbot St, Saint Michaels, MD 21663, presents a unique investment opportunity. The 6,950 square foot property, situated on a 0.55-acre lot, boasts two stories and offers ample parking for 40 vehicles. Originally constructed in 1972 and extensively renovated in 2002, the building features two separate units, each with its own distinct character. The first floor comprises four office suites, a workroom, a conference room, two bathrooms, and a kitchen/break room. Meeting ADA compliance standards, this level provides a functional and comfortable workspace. The second floor, accessed via two separate exterior entrances, includes multiple offices, a conference area, and two additional bathrooms. The building's design, by Christine Dayton, and construction by Peter Hanlon, reflects a commitment to quality and functionality. The C zoning permits a wide range of uses, including healthcare, medical, dental practices, private offices, convenience stores, food services, daycare centers, churches, and government offices. Potential buyers are advised to verify permitted uses with Talbot County Planning & Zoning. The asking price is $1,900,000, translating to $273.38 per square foot. This fee-simple ownership opportunity presents a compelling investment in a desirable location. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1972
    Construction WOOD
    Total area 6,950 SF
    Lot 0.55 ac (24,001 SF)
    APN 02-112728
    UPID US40-0238293
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Capra Financial Group Financial Advisor
    • Knapp Foundation Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.63M
    Blend (final) Blend
    $1.41M
    Owner & transaction history
    Knapp Foundation INC · 25 yrs held
    Knapp Foundation INC
    since 2001
    2 recorded transactions
    2001
    $450,000
    2001
    $320,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.0M +15.4%
    Retail stores $1.9M +6.7%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    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