Sign Up Successful!
You now have access to more from Realmo!
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

    403 Washington St Easton, MD 21601-3726

    • Grocery and convenience stores
    • 1,161 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0637025
    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

    • Coles Seafood House & Deli / Restaurant

    Property Details for 403 Washington St

    Year built
    1957
    Construction
    BRICK
    Lot size
    0.24 lot acres
    Property size
    1,161 SF
    Property type
    Grocery and convenience stores
    APN
    01-059955
    APU
    1059955

    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
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0719
    Latitude
    38.7839
    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
    $1,739
    $152,200
    $88,500
    $240,700
    -
    $152,200
    $88,500
    $240,700

    Comparable in this City

    • Value Estimation by Request
      4,659 SF

      8359 Ocean Gtwy

      CONVENIENCE STORE • 4,659 SF
      8359 Ocean Gtwy, Easton, MD 21601-4403
      View Details
    • Value Estimation by Request
      2,104 SF

      27748 Saint Michaels Rd

      CONVENIENCE STORE • 2,104 SF
      27748 Saint Michaels Rd, Easton, MD 21601-7402
      View Details
    • Value Estimation by Request
      1,736 SF

      326 Dover St

      CONVENIENCE STORE • 1,736 SF
      326 Dover St, Easton, MD 21601-3529
      View Details
    • Value Estimation by Request
      1,444 SF

      219 Marlboro Ave, Unit B

      CONVENIENCE STORE • 1,444 SF
      219 Marlboro Ave, Easton, MD 21601-2720
      View Details
    • Value Estimation by Request
      3,900 SF

      121 Washington St

      CONVENIENCE STORE • 3,900 SF
      121 Washington St, Easton, MD 21601-2911
      View Details
    • Value Estimation by Request
      4,927 SF

      7655 Ocean Gtwy

      CONVENIENCE STORE • 4,927 SF
      7655 Ocean Gtwy, Easton, MD 21601-8621
      View Details

    Similar Nearby for Sale

    • $339,000
      1,800 SF

      Retail Opportunity Near Country School

      Retail or office space across from the Country School.
      719 Goldsborough St, Easton, MD 21601
      View Details
    • Contact for pricing
      1,465 SF

      Retail Space with Good Visibility

      Retail space with good access and visibility in Easton.
      8328 Ocean Gtwy, Easton, MD 21601
      View Details
    • Contact for pricing
      18,800 SF

      High-Traffic Shopping Center For Sale

      Established shopping center in Easton's commercial district with high visibility.
      108 Marlboro Ave, 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
      93,085 SF

      Downtown Easton Shopping Center Opportunity

      Dynamic lifestyle center with retail spaces in downtown Easton.
      218 N Washington St, Easton, MD 21601
      View Details
    • $670,000
      4,070 SF

      Retail Property in Easton, MD

      Retail property available for sale in Easton, Maryland.
      29511 Canvasback Dr, Easton, MD 21601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,700 SF

      Retail Space in Waterside Village

      Premier Easton mixed-use destination with retail and office space.
      28414 Marlboro Ave, Easton, MD 21601
      View Details
    • $16 SF/Yr
      576,734 SF

      Retail Space in Tred Avon Square

      2,000 SF retail suite in a busy shopping center.
      210 Marlboro Ave, Easton, MD 21601
      View Details
    • $2,400 /Mo

      Easton Retail Space Available

      Retail suites available for rent in Easton, Maryland.
      410 N Washington St, Easton, MD 21601
      View Details
    • $14 SF/Yr
      3,000 SF

      Retail Space Near Walmart

      Grocery-anchored shopping center space available near Walmart.
      8223-8231 Elliott Rd, Easton, MD 21601
      View Details
    • $1,950 /Mo
      13,504 SF

      EASTON, MD Retail/Office Space

      1,557 SF retail or office space near downtown Easton.
      25 Creamery Ln, 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
    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.
    403 Washington St
    Easton, MD 21601-3726
    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.