Add Listing
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

    29311 Cecil Dr Easton, MD 21601-7058

    • Turn key restaurants
    • 7,670 SF
    • 3.43 lot acres
    OFF-MARKET
    Last Sale
    Feb 24, 2023
    $2,500,000
    Value Estimations
    $2,510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0322731
    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

    • Austin Medical Supplies / Medical Supply Store

    Property Details for 29311 Cecil Dr

    Year built
    2012
    Construction
    WOOD
    Lot size
    3.43 lot acres
    Property size
    7,670 SF
    Zone code
    A1
    Property type
    Turn key restaurants
    APN
    01-063618
    APU
    1063618

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,735,000
      Market price range: $684k - $2.46M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,730,000
      Current use
      MEDICAL BUILDING
      $1,520,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0592
    Latitude
    38.7892
    CBSA code
    20660
    CBSA name
    EASTON, MD MICROPOLITAN 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
    $14,097
    $0.00
    $0.00
    $1,951,200
    -
    $1,112,000
    $868,600
    $1,980,600

    Comparable in this City

    • Value Estimation
      $790,000
      4,848 SF

      42 Dover St, Unit B

      RESTAURANT • 4,848 SF
      42 Dover St, Easton, MD 21601-3065
      View Details
    • Value Estimation
      $1,380,000
      5,195 SF

      8933 Ocean Gtwy

      RESTAURANT • 5,195 SF
      8933 Ocean Gtwy, Easton, MD 21601-7118
      View Details
    • Value Estimation
      $620,000
      6,760 SF

      7813 Ocean Gtwy

      RESTAURANT • 6,760 SF
      7813 Ocean Gtwy, Easton, MD 21601-8625
      View Details
    • Value Estimation
      $585,000
      6,620 SF

      207 Harrison St

      RESTAURANT • 6,620 SF
      207 Harrison St, Easton, MD 21601-3123
      View Details
    • Value Estimation
      $1,180,000
      5,200 SF

      8493 Ocean Gtwy

      RESTAURANT • 5,200 SF
      8493 Ocean Gtwy, Easton, MD 21601-7151
      View Details
    • Value Estimation
      $705,000
      2,204 SF

      8911 Ocean Gtwy

      RESTAURANT • 2,204 SF
      8911 Ocean Gtwy, Easton, MD 21601-7118
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,735 SF

      Turnkey Restaurant Space in Easton

      Fully equipped restaurant space inside Easton Bowling Alley.
      101 Marlboro Ave, Easton, MD 21601
      View Details
    • $499,000

      Renovated Restaurant on High-Traffic Corner

      Turn-key restaurant opportunity on a high-visibility corner lot.
      8305 Ocean Gtwy, Easton, MD 21601
      View Details
    • $290,000
      2,000 SF

      Established Easton Restaurant for Sale

      Profitable eatery, prime location, recently renovated.
      219 Marlboro Ave, Easton, MD 21601
      View Details
    • Contact for pricing
      3,549 SF

      Starbucks NNN Lease Investment Opportunity

      New 10-year corporate Starbucks lease in regional retail epicenter.
      28575 Marlboro Ave, Easton, MD 21601
      View Details
    • Contact for pricing
      3,850 SF

      Renovated Restaurant on High-Traffic Corner

      Turn-key restaurant opportunity on a high-visibility corner lot.
      8305 Ocean Gtwy, Easton, MD 21601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Center Retail and Restaurant

      Neighborhood center with retail, restaurant, and entertainment options.
      210 Marlboro Ave, Easton, MD 21601
      View Details
    • Contact for pricing

      Retail Space in Easton, MD

      22,645 SF retail building on 1.46 acres for lease.
      139 N Washington St, Easton, MD 21601
      View Details
    • Contact for pricing
      7,123 SF

      Freestanding Building in Easton, MD

      Highly visible freestanding building suitable for office, retail, or medical use.
      102 Marlboro Ave, Easton, MD 21601
      View Details
    • $12 SF/Yr
      576,734 SF

      Prime Retail Space in Easton

      Exceptional leasing opportunity in a premier Easton shopping destination.
      210 Marlboro Ave, Easton, MD 21601
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in Waterside Village

      Retail space for lease in Easton's premier mixed-use destination.
      28614 Marlboro Ave, Easton, MD 21601
      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.
    29311 Cecil Dr
    Easton, MD 21601-7058
    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.
    Sign Up Successful!
    You now have access to more from Realmo!