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    Property profile & analytics

    29321 Backtown Rd Trappe, MD 21673

    • Auto shops
    • 3,616 SF
    • 3.34 lot acres
    For Sale
    View listing
    $2,499,000
    Last Sale
    Mar 17, 2022
    $1,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2281255
    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

    • Chesapeake Custom Graphics & Signs / Print Shop / Sign Shop
    • M.S. Machine Maryland / Machine Shop
    • Brown Dog Marine / Boat Repair Shop

    Property Details for 29321 Backtown Rd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    3.34 lot acres
    Property size
    3,616 SF
    Property type
    Auto shops
    APN
    03-153274
    APU
    3153274

    Description

    This exceptional investment opportunity presents a unique chance to acquire one of only two light industrial zoned parcels in the desirable Town of Trappe, Maryland. Situated on a generous 3.34-acre lot, this property enjoys a prime location just 1000 feet from US Route 50 and less than half a mile from the expansive Lakeside development, ensuring high visibility and convenient access. The property comprises four versatile multi-use buildings, totaling nearly 10,000 square feet, currently housing 14 leased rental units, generating a consistent income stream. The existing buildings offer significant potential for further development and customization to meet diverse tenant needs. An added advantage is the availability of an option to construct an additional 3,200 square foot unit, expanding the property's income potential and overall utility. Located within town limits, the property benefits from the convenience of private septic and well services, eliminating reliance on municipal infrastructure. The combination of its size, zoning, location, and existing rental income makes this a truly rare and compelling investment opportunity in Talbot County, where commercial properties of this scale are seldom available. Don't miss this chance to secure a valuable asset in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $985,000
      ML approach
      $940,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Trappe
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0599
    Latitude
    38.6725
    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
    $4,876
    $151,200
    $297,200
    $448,400
    -
    $151,200
    $297,200
    $448,400

    Comparable in this City

    • Value Estimation
      $255,000
      1,920 SF

      6334 Ocean Gtwy

      AUTO REPAIR, GARAGE • 1,920 SF
      6334 Ocean Gtwy, Trappe, MD 21673-2007
      View Details
    • Value Estimation
      $250,000
      2,400 SF

      2812 Ocean Gtwy

      CONVENIENCE STORE • 2,400 SF
      2812 Ocean Gtwy, Trappe, MD 21673-1764
      View Details
    • Value Estimation
      $260,000
      1,080 SF

      2281 Ocean Gtwy

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      2281 Ocean Gtwy, Trappe, MD 21673-1772
      View Details
    • Value Estimation
      $260,000
      975 SF

      4016 Main St

      RESTAURANT • 975 SF
      4016 Main St, Trappe, MD 21673-1868
      View Details
    • Value Estimation
      $275,000
      2,282 SF

      Ocean Gtwy

      RETAIL STORES (PERSONAL SERVICES) • 2,282 SF
      Ocean Gtwy, Trappe, MD 21673
      View Details
    • Value Estimation
      $200,000
      1,421 SF

      4123 Ocean Gtwy

      CONVENIENCE STORE • 1,421 SF
      4123 Ocean Gtwy, Trappe, MD 21673-1997
      View Details

    Similar Nearby for Sale

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      Trappe, MD Industrial Investment

      Rare Light Industrial Zoned Property, High Rental Income
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      Trappe, MD Commercial Land Opportunity

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    Similar Nearby for Lease

    • $800 /Mo

      Renovated Office Space For Rent

      Recently renovated office space with modern amenities and convenient location.
      29321 Backtown Rd, Trappe, MD 21673
      View Details
    • $12 SF/Yr

      Versatile Commercial Space Near Easton

      3,200 SF commercial space with Route 50 access.
      29321 Backtown Rd Bdg, Trappe, MD 21673
      View Details
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    Trappe, MD 21673
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    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
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