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    Property profile & analytics

    412 Eastern Blvd Essex, MD 21221

    • Other commercial real estate
    • 2,950 SF
    • 0.08 lot acres
    For Sale
    View listing
    $375,000
    Value Estimation
    Last Sale
    Aug 03, 2025
    $325,000
    Location Intelligence
    Property ID
    US40-2268537
    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

    • Other commercial real estate

    Property Details for 412 Eastern Blvd

    Year built
    1945
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    2,950 SF
    Zone code
    BL
    Property type
    Other commercial real estate
    APN
    15-1519711101
    APU
    151519711101

    Description

    This exceptional 2,950 square foot retail property, located at 412 Eastern Boulevard in Essex, Maryland, presents a unique investment or owner-user opportunity. Situated on a 0.08-acre lot, the building is currently vacant, offering immediate flexibility for a wide range of commercial uses. The property boasts attractive features including soaring ceilings and an open-concept layout, providing ample space for customization and adaptation to suit diverse business needs. Previously used as a Brazilian Jiu Jitsu gym, the building's adaptable design makes it ideal for various retail or commercial ventures. The property benefits from a flexible BL zoning designation, expanding its potential uses and attracting a broader range of prospective tenants or owner-operators. Adding to its appeal, the location is within a revitalizing area of Essex, and grants are available for facade improvements, further enhancing the property's value and curb appeal for new businesses. Priced affordably at $375,000, this property represents a compelling investment opportunity with significant upside potential in a growing community. The open floor plan and high ceilings offer a blank canvas for creative business development, making it an attractive proposition for entrepreneurs and investors alike. Don't miss this chance to be part of Essex's ongoing revitalization.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $190,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $215,000
      Mixed-Use
      $245,000
      Hospitality
      $200,000
      Educational
      $190,000
      Residential Income
      $205,000
      Energy
      $235,000
      Income-Based Land
      $180,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4784
    Latitude
    39.3077
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN 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
    $2,141
    $114,600
    $111,600
    $226,200
    -
    $114,600
    $111,600
    $226,200

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    412 Eastern Blvd
    Essex, MD 21221
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    Realmo Value Estimation

    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.

    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.

    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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