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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Retail space
1216 Talbot St St Michaels, MD 21663-2602
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-0477128
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
FRAME
Total area
8,892 SF
Lot
3.15 ac (137,083 SF)
APN
02-088770
UPID
US40-0477128
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
-
Subway Take-out & Catering
-
Rise Up Coffee Cafe & Coffee Shop
-
Dr. Edward Klein Dental Office
-
Higgins Self Storage Storage Facility
-
Chesapeake Seafood & Prime Meats Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$2.70M
Owner & transaction history
Shannahan Properties LLC · 7 yrs held
Shannahan Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+8.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs St Michaels submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Michaels submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,410,000
Current use
COMMERCIAL (GENERAL)
$2,605,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$2,260,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$303 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,333
Tax year 2023
Assessed value
$1,909,367
Assessed 2023
Previous assessed
$1,716,700
+11.2% YoY
Effective rate
0.86%
On assessed value
Land market value
$960,900
Improvement market value
$1,058,600
Total market value
$2,019,500
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
2
Units
5
Bathrooms
1
Total area
8,892 SF
Lot
3.15 ac (137,083 SF)
APN
02-088770
UPID
US40-0477128
Jurisdiction
TALBOT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
5
Bathrooms
1
Lot
3.15 ac
Current owner
From public records · entity-resolved
Shannahan Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1216 S TALBOT ST, ST MICHAELS, MD 21663-2602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2021
—
Adammere LLC
—
Deed
related
$300,000 · Cnb
Apr 23, 2019
—
Shannahan Properties LLC
Residuary Norman M S I
Quitclaim Deed
related
—
Mar 29, 2019
—
Residuary Norman M S I Trust
Shannahan Norman M III
Quitclaim Deed
related
—
Sep 27, 2017
—
Adammere LLC
—
Deed
related
$216,000 · Cnb
May 12, 2017
—
Adammere LLC
—
Deed
related
$273,386 · Shore United Bk
May 6, 2015
—
Adammere LLC
Higgins Glenn C
Grant Deed
—
Oct 29, 2014
$809,700
Glenn C Higgins
Higgins,robert D
Grant Deed
related
—
—
—
Adammere LLC
—
Deed Of Trust
$222,500 · Talbot Bk/easton
—
—
Glenn C Higgins
—
Deed Of Trust
related
$250,000 · Talbot Bk/easton
—
—
Adammere LLC
—
Loan Modification
related
$273,386 · Shore United Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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