Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    306 Cannon St Chestertown, MD 21620-1379
    Back to Search
    Property profile & analytics

    306 Cannon St, Chestertown, MD 21620-1379

    View on Map
    • Investment properties
    • 2,400 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Jul 11, 2023
    $500,000
    Property ID
    US40-1081436
    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.
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maryland Heritage Properties / Real Estate Agency

    Property Details for 306 Cannon St

    Year built
    1902
    Lot size
    0.10 lot acres
    Zone code
    RB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04-005996
    APU
    4005996

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2023 $500,000 Sultana Education Foundation INC Hebron Properties LLC Deed $400k · Chesapeake Bank
    Sep 8, 2017 — Herbron Properties LLC — Deed · related $70k · The Peoples Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $515,000
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $311,000
      Market price range: $183k - $443k

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

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.068
    Latitude
    39.2085

    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
    $3,588
    $164,500
    $65,900
    $230,400
    -
    $164,500
    $65,900
    $230,400

    Comparable in this City

    • Value Estimation by Request
      1,170 SF

      6744 Church Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      6744 Church Hl Rd, Chestertown, MD 21620-2300
      View Details
    • Value Estimation by Request
      2,184 SF

      128 Edmore Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      128 Edmore Rd, Chestertown, MD 21620-2830
      View Details
    • Value Estimation by Request
      1,596 SF

      108 Fey Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      108 Fey Rd, Chestertown, MD 21620-2119
      View Details
    • Value Estimation by Request
      2,348 SF

      236 Cannon St

      OFFICE/RESIDENTIAL (MIXED USE)
      236 Cannon St, Chestertown, MD 21620-1572
      View Details
    • Value Estimation
      $520,000
      3,060 SF

      329 High St

      OFFICE/RESIDENTIAL (MIXED USE)
      329 High St, Chestertown, MD 21620-1333
      View Details
    • Value Estimation by Request
      4,933 SF

      339 High St

      OFFICE/RESIDENTIAL (MIXED USE)
      339 High St, Chestertown, MD 21620-1309
      View Details

    Similar Nearby for Sale

    • $1,870,000
      16,977 SF

      Chestertown Mixed-Use Investment

      Historic Mill, Endless Potential
      870 High St, Chestertown, MD 21620
      View Details
    • $1,300,000

      Historic Chestertown Mixed-Use Property

      Mixed-use property with commercial kitchen and residential apartment in Chestertown.
      327 Cannon St, Chestertown, MD 21620
      View Details
    • $860,000
      3,114 SF

      Historic Chestertown Mixed-Use Gem

      3,114 sq ft, Wellness Center, Cafe Included
      860 High St, Chestertown, MD 21620
      View Details
    • $2,300,000

      Turnkey Investment Property in Chestertown

      Profitable mixed-use property with apartments and storefronts in downtown Chestertown.
      200 High St, Chestertown, MD 21620
      View Details
    • Contact for pricing
      0.76 Acres

      Chestertown Ground Lease Opportunity

      Prime Chestertown location, lucrative ground lease.
      140 Scheeler Rd, Chestertown, MD 21620
      View Details

    Similar Nearby for Lease

    • $395 /Mo

      Historic Chestertown Office Space

      Charming basement office in historic downtown Chestertown, MD.
      302 Park Row, Chestertown, MD 21620
      View Details
    • $395 /Mo

      Charming Basement Office in Chestertown

      Basement office space in historic downtown Chestertown, MD.
      302 Park Dr, Chestertown, MD 21620
      View Details
    • Contact for pricing
      2,007 SF

      Retail Space in Chestertown

      Highly visible retail property in the heart of Chestertown.
      611 Washington Ave, Chestertown, MD 21620
      View Details
    • $445 /Mo

      Office Space in Chestertown

      Basement office unit available for rent in Chestertown, MD.
      302 Park Row #Basement, Chestertown, MD 21620
      View Details
    • $445 /Mo

      Chestertown Basement Office Space

      Charming, historic Chestertown office space with utilities included.
      302 Park Row, Chestertown, MD 21620
      View Details
    • $2,200 /Mo

      Commercial Space in Historic Chestertown

      Vacant commercial space suitable for retail or restaurant use.
      315 Cannon St, Chestertown, MD 21620
      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.
    306 Cannon St
    Chestertown, MD 21620-1379
    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

    Thank You for Inquiry
    306 Cannon St, Chestertown, MD, 21620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!