Property profile

1103 Talbot St St Michaels, MD 21663

OFF-MARKET
Office buildings
Property ID
US40-0238293
6,950 SF 0.55 ac lot Built 1972
Entity Owned 25-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Financial Advisor
  • Charitable Organization

Location

1103 Talbot St St Michaels, MD 21663-2635
St Michaels metro Census 960700 EASTON, MD MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$490k

Owner & transaction history

since 2001
2 recorded transactions
2001
$450,000
2001
$320,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.0M +15.4%
Retail stores $1.9M +6.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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