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Financial
Distress signals
Property profile

224 N Washington St Havre de Grace, MD 21078

FOR LEASE
Office buildings
Property ID
US40-1103341
1,442 SF 0.12 ac lot Built 1930
Last sale Apr 2026 · $735,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This historic Havre de Grace, MD building, renovated in 2020, offers 7,400 square feet of versatile office space in a vibrant downtown location. The property, situated on a 5,400 square foot lot at 224 N Washington St (cross street: Green St), is zoned RB and features a single, two-story Class B building. Currently, five private office suites are available, ranging from 102 to 148 square feet, ideal for startups, solopreneurs, or satellite offices. Each suite is carpeted and painted in…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$4k
Tax billed · 2022
Assessed value · 2023$408k
Effective rate0.95%

Value estimate

· Oct 2026
$335k
$302k – $369k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$16k
Operating expenses−$18k
NOI · 9,233.50% cap applied$55k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$202/SF
County average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$141 – $295
Qualifying comparables3

Cap rate analysis

How does the asset earn?
9,233.50%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RB
Accessory uses and structures. § 205-22.1 Special developments. Article VI RO Residential Office District § 205-23 Principal permitted us...
General categoryCOMMERCIAL
JurisdictionHARFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.1
Building Supply10.7
HVAC Service10.6

Location

224 N Washington St Havre de Grace, MD 21078
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 11 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1605 Level, Havre De Grace, MD 21078-1727 $575,000 Oct 2021 2,732 SF
1609 Pulaski, Havre De Grace, MD 21078-2205 $675,000 Jan 2021 2,182 SF
321 Un, Havre De Grace, MD 21078-2824 $267,500 Nov 2018 2,822 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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