Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1802 Main St Chester, MD 21619-2604

    • Retail space
    • 14,473 SF
    • 1.73 lot acres
    OFF-MARKET
    Last Sale
    Aug 04, 2023
    $7,600,000
    Value Estimations
    $7,265,000
    Show details
    Cap Rate Potential
    2.8%
    Retail space
    Location Intelligence
    Property ID
    US40-0845579
    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

    • Walgreens Photo / Photo Lab / Photo Shop
    • FedEx OnSite / Mailing Service
    • Walgreens Pharmacy / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm
    • Elizabeth Welch / Pharmacy

    Property Details for 1802 Main St

    Year built
    2010
    Lot size
    1.73 lot acres
    Property size
    14,473 SF
    Zone code
    TC
    Property type
    Retail space
    APN
    04-019016
    APU
    4019016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,265,000
      ML approach
      $7,255,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.2797
    Latitude
    38.9735
    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
    $38,586
    $1,035,200
    $3,061,000
    $4,096,200
    -
    $1,035,200
    $3,061,000
    $4,096,200

    Comparable in this City

    • Value Estimation
      $230,000
      1,050 SF

      1515 Postal Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      1515 Postal Rd, Chester, MD 21619-2255
      View Details
    • Value Estimation
      $315,000
      4,200 SF

      1608 Postal Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      1608 Postal Rd, Chester, MD 21619-2664
      View Details
    • Value Estimation
      $6,100,000
      12,036 SF

      115 Piney Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,036 SF
      115 Piney Rd, Chester, MD 21619-2619
      View Details
    • Value Estimation
      $245,000
      280 SF

      1619 Postal Rd

      RETAIL STORES (PERSONAL SERVICES) • 280 SF
      1619 Postal Rd, Chester, MD 21619-2601
      View Details
    • Value Estimation
      $375,000
      11,220 SF

      1720 Main St

      RETAIL STORES (PERSONAL SERVICES) • 11,220 SF
      1720 Main St, Chester, MD 21619-2602
      View Details
    • Value Estimation
      $290,000
      2,400 SF

      1801 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      1801 Main St, Chester, MD 21619-2763
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Route 50 Accessible Retail Buildings

      Two retail/office buildings with direct highway access for sale.
      100-104 Olde Pt Rd, Chester, MD 21619
      View Details
    • Contact for pricing
      1.20 Acres

      Chester Office Suites: Prime Location

      Four renovated suites, all utilities included.
      2201 F G H, Chester, MD 21619
      View Details
    • $639,545

      Chester Specialty Property For Sale

      Specialty property available for purchase in Chester, Maryland.
      154 Harrier Way, Chester, MD 21619
      View Details
    • $499,000

      Four Seasons 55+ Community Home

      Two-bedroom, two-bath home in Four Seasons 55+ community.
      1000 Herons Nest Way, Chester, MD 21619
      View Details
    • $389,000

      Chester Specialty Property For Sale

      Specialty property available for purchase in Chester, Maryland.
      2653 Cox Neck Rd, Chester, MD 21619
      View Details
    • $869,900

      Chester Specialty Property For Sale

      Specialty property available for purchase in Chester, Maryland.
      527 Warbler Way, Chester, MD 21619
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building with Drive-Thru

      11,200 SF building with drive-thru, accessible from Route 50.
      1720 Main St, Chester, MD 21619
      View Details
    • Contact for pricing
      4,000 SF

      Mixed-Use Development in Chester, Maryland

      Mixed-use center with retail, office, and residential units.
      110 S Piney Rd, Chester, MD 21619
      View Details
    • Contact for pricing
      4,000 SF

      Community Retail & Service Center

      Mixed-use development in Chester, Maryland with retail and residential.
      2126-2142 Didonato Dr, Chester, MD 21619
      View Details
    • Contact for pricing
      54,000 SF

      Kent Island Crossing Retail Center

      Prime Chester, MD Retail Space Available
      1700 Piney Creek Rd, Chester, MD 21619
      View Details
    • $500 /Mo

      Renovated Suites in Prime Location

      Freshly renovated business suites with utilities included in prime location.
      2201 Main St, Chester, MD 21619
      View Details
    • $500 /Mo

      Renovated Business Suites For Rent

      Newly renovated business suites available for rent in prime location.
      2201 Main St, Chester, MD 21619
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1802 Main St
    Chester, MD 21619-2604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.