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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office Spaces
403 Purdy St Easton, MD 21601-4059
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0299940
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,169 SF
Lot
0.75 ac (32,670 SF)
APN
01-106651
UPID
US40-0299940
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Soistman Family Dentistry & Associates Dental Office
-
Dankmeyer Inc Orthotics & Prosthetics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$900k
Owner & transaction history
401 203 Purdy LLC · 2 yrs held
401 203 Purdy LLC
since 2024
Last sale
$930,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$885,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$900,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: -1% · Conversion: Easy
RETAIL STORES
$765,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $930k (Nov 2 2021)
Last sale anchor
$930k
Nov 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$216 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,132
Tax year 2023
Assessed value
$1,125,600
Assessed 2023
Previous assessed
$1,125,600
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$393,900
Assessed improvement
$731,700
Land market value
$393,900
Improvement market value
$731,700
Total market value
$1,125,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Total area
4,169 SF
Lot
0.75 ac (32,670 SF)
APN
01-106651
UPID
US40-0299940
Jurisdiction
TALBOT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RETAIL STORES
Est. value
$765,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
401 203 Purdy LLC
Entity
Free & Clear · 2 yrs held
Mailing address
10439 ABERDEEN LN, EASTON, MD 21601-5257
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2024
$500,000
401 203 Purdy LLC
G2 Properties LLC
Deed
—
Nov 2, 2021
$930,000
403 Purdy Street Uni 201 LLC
Eastern Shore Retirement Associates
Deed
$744,000 · Pnc Bank NA
Jun 6, 2017
$1,025,000
Eastern Shroe Retirement Associates
Klm Professionals LLC
Deed
$768,750 · 1880 Bank
May 14, 2009
$1,252,842
Klm Professionals LLC
G2 Properties LLC
Grant Deed
$878,400 · Easton Bank & Trust Co
Apr 24, 2009
—
Verizon Maryland INC
G2 Properties LLC
Grant Deed
related
—
Apr 14, 2008
$900,000
New Vision Holdings LLC
G2 Properties LLC
Grant Deed
related
$760,000 · Chevy Chase Savings Bank
—
—
Klm Professionals LLC
—
Deed Of Trust
related
$100,000 · Easton Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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