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Property profile & analytics
FOR SALE
Medical Office Space

499 Idlewild Ave Easton, MD 21601

4,600 SF 2.19 ac lot Built 2021
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US40-1550828
Property summary
AI-generated overview

This exceptional Class A medical office building in Easton, Maryland, presents a compelling investment opportunity. The 20,000-square-foot property, constructed in 2021, boasts a prime location in the Easton medical corridor, just off Route 50 and near the University of Maryland Shore Medical Center. Currently 70% occupied, with a strong tenant roster holding leases exceeding five years, this multi-tenant building offers immediate income generation. Approximately 3,000 square feet of raw shell space provides flexibility for future leasing or owner-operation. The building's design exceeds building efficiency codes and includes ample parking. The asking price is $7,000,000, translating to $350 per square foot. This triple-net (NNN) leased property is projected to deliver a significant return on investment, based on market rates and standard escalation terms within the Easton professional market. The property's strategic location, coupled with its modern construction and strong tenant base, makes it an attractive asset for discerning investors seeking a high-yield, low-risk investment in a thriving medical market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2021
Construction WOOD
Total area 4,600 SF
Lot 2.19 ac (95,396 SF)
APN 01-027654
UPID US40-1550828
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
  • Shore Legal Access, formerly Mid-Shore Pro Bono Law Firm
  • O'Donnell Vein & Laser Medical Clinic Hospital
  • CoreLife Physical Fitness Program Wellness Center
  • Regenerative Orthopedics and Sports Medicine Medical Clinic Physician
  • Phoenix Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.35M
Owner & transaction history
Achievement Park LLC · 6 yrs held
Achievement Park LLC
since 2019
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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