Property profile

28958 I Way Ct Easton, MD 21601

FOR LEASE
Distribution centers
Property ID
US40-0613545
47,400 SF 3.36 ac lot Built 2023
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional offering presents two brand-new, state-of-the-art industrial buildings located in Easton, Maryland, at 28958 & 28932 I-Way Ct, conveniently situated off Route 50. The property encompasses 2.339 acres and features two single-story structures totaling 99,172 square feet. Building 12-E at 28958 I-Way Ct offers 45,420 square feet, while Building 12-W at 28932 I-Way Ct provides 53,752 square feet of space. Both buildings boast a 32-foot center ceiling height and 30-foot eave height, providing ample vertical clearance. Each building includes twelve loading docks and four drive-in doors, ensuring efficient loading and unloading operations. A total of 43 parking spaces are available across both buildings. The buildings are equipped with 440V three-phase power and high-speed internet access. Each building features two 1,267 square foot "bump outs" on opposite sides, designed to accommodate office needs. These bump outs include two restrooms and a concrete mezzanine for additional storage, accessible via a staircase. The property is zoned for Business Commercial District (BC) use and has a Talbot County APN of 2101088394. The minimum divisible space is 45,420 square feet, with a maximum contiguous space of 53,752 square feet. The year of construction for both buildings is 2023. Pricing is available upon request.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2023
Construction FRAME
Total area 47,400 SF
Lot 3.36 ac (146,144 SF)
APN 01-199368
UPID US40-0613545

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

28958 I Way Ct Easton, MD 21601
Easton metro Census 960501 EASTON, MD MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.92M
Blend (final) Blend
$5.21M

Owner & transaction history

since 2020
1 recorded transaction
2020
$1.5M

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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