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

    357 High St Chestertown, MD 21620-1309

    • Office buildings
    • 1,314 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0290480
    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

    • Fortenbaugh Johnson Office / (Bike/Boat/Book/etc) Store
    • Dollars & Sense Financial Services / Financial Advisor

    Property Details for 357 High St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.07 lot acres
    Property size
    1,314 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    04-007999
    APU
    4007999

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.0685
    Latitude
    39.2101

    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
    $2,694
    $144,200
    $29,000
    $173,200
    -
    $144,200
    $29,000
    $173,200

    Comparable in this City

    • Value Estimation
      $1,165,000
      20,700 SF

      200 Brown St

      OFFICE BUILDING • 20,700 SF
      200 Brown St, Chestertown, MD 21620-1402
      View Details
    • Value Estimation
      $935,000
      10,000 SF

      124 Speer Rd

      OFFICE BUILDING • 10,000 SF
      124 Speer Rd, Chestertown, MD 21620-1019
      View Details
    • Value Estimation by Request
      858 SF

      113 Ct St

      OFFICE BUILDING • 858 SF
      113 Ct St, Chestertown, MD 21620-1507
      View Details
    • Value Estimation
      $1,190,000
      7,910 SF

      110 Cross St

      OFFICE BUILDING • 7,910 SF
      110 Cross St, Chestertown, MD 21620-1547
      View Details
    • Value Estimation
      $875,000
      19,304 SF

      400 High St

      OFFICE BUILDING • 19,304 SF
      400 High St, Chestertown, MD 21620-1312
      View Details
    • Value Estimation by Request
      920 SF

      853 High St

      OFFICE BUILDING • 920 SF
      853 High St, Chestertown, MD 21620-1100
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.32 Acres

      Chestertown Office Space: Prime Location

      Historic Charm, Modern Amenities, 8 Offices
      870 High St, Chestertown, MD 21620
      View Details
    • $860,000

      Unique Radcliffe Mill Annex/Seed House

      Restored wellness center with cafe, studio, and office spaces.
      860 High St, Chestertown, MD 21620
      View Details
    • Contact for pricing
      2.32 Acres

      Chestertown Office Space for Lease

      Historic building, furnished offices, great location.
      870 High St, Chestertown, MD 21620
      View Details
    • Contact for pricing
      2.32 Acres

      Historic Chestertown Office Suite

      Premium Office Space, Award-Winning Building
      870 High St, Chestertown, MD 21620
      View Details
    • Contact for pricing
      0.52 Acres

      Secluded Wooded Lot in Chestertown

      Half acre wooded lot, potential hunting or building site.
      22681 Wood Yard Ln, Chestertown, MD 21620
      View Details
    • Contact for pricing
      0.34 Acres

      Land For Sale Chestertown, MD

      Land available in Chestertown, Maryland.
      Buck Nck Lndg Rd, Chestertown, MD 21620
      View Details

    Similar Nearby for Lease

    • $445 /Mo

      Chestertown Basement Office Space

      Charming, historic Chestertown office space with utilities included.
      302 Park Dr, Chestertown, MD 21620
      View Details
    • $250 SF/Yr
      101,059 SF

      Radcliffe Mill Office Space

      Office and artist spaces with modern amenities and historic charm.
      870 High St, Chestertown, MD 21620
      View Details
    • $2,900 /Mo

      Downtown Office or Medical Suite

      Prime office space in historic Chestertown with flexible layout.
      315 High St, Chestertown, MD 21620
      View Details
    • $250 SF/Yr

      Radcliffe Mill Office Space Available

      Office and artist spaces with modern amenities and historic charm.
      870 High St, Chestertown, MD 21620
      View Details
    • New
      $395 /Mo

      Historic Chestertown Basement Office Space

      Charming Chestertown office space with utilities included for rent.
      302 Park Dr, Chestertown, MD 21620
      View Details
    • $2,864 /Mo
      49,223 SF

      Retail Space in College Commons

      Inline retail space available for lease in Chestertown, MD.
      601 Washington Ave, 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.
    357 High St
    Chestertown, MD 21620-1309
    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!