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    Property profile & analytics

    118 Water St Centreville, MD 21617-1031

    • Office buildings
    • 536 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1497236
    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

    • TBR Architects & Planners, LLC / Architect

    Property Details for 118 Water St

    Year built
    1840
    Construction
    BRICK
    Lot size
    0.04 lot acres
    Property size
    536 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    03-001733
    APU
    3001733

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.0662
    Latitude
    39.0448
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN 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
    $2,711
    $0.00
    $0.00
    $183,533
    -
    $120,000
    $68,800
    $188,800

    Comparable in this City

    • Value Estimation by Request
      2,520 SF

      111 Lawyers Row

      OFFICE BUILDING • 2,520 SF
      111 Lawyers Row, Centreville, MD 21617-1011
      View Details
    • Value Estimation by Request
      878 SF

      115 Water St

      OFFICE BUILDING • 878 SF
      115 Water St, Centreville, MD 21617-1009
      View Details
    • Value Estimation by Request
      19,950 SF

      2977 4th Park Rd

      OFFICE BUILDING • 19,950 SF
      2977 4th Park Rd, Centreville, MD 21617-2232
      View Details
    • Value Estimation by Request
      3,306 SF

      103 Lawyers Row

      OFFICE BUILDING • 3,306 SF
      103 Lawyers Row, Centreville, MD 21617-1083
      View Details
    • Value Estimation
      $260,000
      6,000 SF

      205 Liberty St

      OFFICE BUILDING • 6,000 SF
      205 Liberty St, Centreville, MD 21617-1022
      View Details
    • Value Estimation by Request
      5,644 SF

      1935 4th Park Rd

      OFFICE BUILDING • 5,644 SF
      1935 4th Park Rd, Centreville, MD 21617-2172
      View Details

    Similar Nearby for Sale

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      Centreville Commercial Property on Route 304

      Highly visible commercial property with ample parking and flexible layout.
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      1,200 SF

      Centreville Office Building - Prime Location

      Downtown Centreville Office: 1200 sq ft, .63 acres
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    • $649,000

      Centreville Specialty Property For Sale

      Specialty property available for purchase in Centreville, Maryland.
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    • $90,000
      0.11 Acres

      Land Available in Centreville, MD

      Land with sewer and water allocation potential in Centreville.
      216 N Liberty St, Centreville, MD 21617
      View Details
    • $128,000
      1.27 Acres

      Centreville Land for Residential Development

      1.2 acre wooded lot approved for standard perc.
      Burrisville Rd, Centreville, MD 21617
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    • $1,600,000
      10,000 SF

      Centreville Retail Building - Prime Location

      10,000 SF Retail Space, 2 Acres
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      View Details
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    118 Water St
    Centreville, MD 21617-1031
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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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