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Property profile & analytics
OFF-MARKET
Manufacturing properties
45 Chesapeake Ave Crisfield, MD 21817-1445
Individually Owned
8-yr Hold
Free & Clear
Property ID
US40-1688227
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Total area
13,456 SF
Lot
0.79 ac (34,621 SF)
Zoning code
C-1
APN
07-122616
UPID
US40-1688227
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
-
Smith Island Baking Company Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William G Swift SR. · 8 yrs held
William G Swift SR.
since 2017
7 recorded transactions
Zoning & alternative use
C-1 · Crisfield, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1 zone is to provide for certain business, professional and personal service activities that would be basically neighborhood-serving and would not be inconsistent in the areas that are primarily residential
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
1.90 ac
Source
Realmo
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 Crisfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crisfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,561
Tax year 2023
Assessed value
$320,200
Assessed 2023
Previous assessed
$323,200
-0.9% YoY
Effective rate
1.11%
On assessed value
Assessed land
$41,900
Assessed improvement
$278,300
Land market value
$41,900
Improvement market value
$278,300
Total market value
$320,200
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1956
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,456 SF
Lot
0.79 ac (34,621 SF)
Zoning code
C-1
APN
07-122616
UPID
US40-1688227
Jurisdiction
SOMERSET
Zoning & alternative use
C-1 · Crisfield, MDZoning C-1 · permitted uses
C-1 · Crisfield, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-1 zone is to provide for certain business, professional and personal service activities that would be basically neighborhood-serving and would not be inconsistent in the areas that are primarily residential
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
1.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
William G Swift SR.
Individual
Free & Clear · 8 yrs held
Mailing address
45 W CHESAPEAKE AVE, CRISFIELD, MD 21817-1445
Ownership since
2017
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
Oct 30, 2025
—
Plimhimmon Holdings LLC
—
Deed
related
$650,000 · Department Of Housing & Urban Dev
Dec 14, 2017
—
William G Swift SR.
Ward,paul T JR & Mary J
Grant Deed
related
—
Aug 15, 2016
—
Plimhimmon Holdings LLC
—
Deed
related
$250,000 · Maryland Dept Of Commerce
Apr 11, 2016
$60,000
Plimhimmon Holdings LLC
Riggin William P Trust
Grant Deed
related
—
Aug 25, 2005
—
Riggin William P JR Trust
Riggin,william P JR & Lois S
Quit Claim Deed
related
—
—
—
Smith Island Baking Ci INC
—
Deed Of Trust
related
$650,000 · Housing & Cmnty Dev Dept
—
—
Plimhimmon Holdings LLC
—
Deed Of Trust
related
$250,000 · Maryland Dept Of Commerce
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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