Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    503 Washington Ave Chestertown, MD 21620-1217

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    503 Washington Ave Chestertown, MD 21620-1217

    View on Map
    • Retail space
    • 2,644 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US40-1383257
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barton Ross & Partners / Architect
    • Hand Engraving Direct / Engraver
    • The UPS Store / Courier Service / Postal Service
    • Shred Nations / Recycling Center / Waste Management Facility
    • Kent Conservation and Preservation Alliance / Charitable Organization / Social Service Agency

    Property Details for 503 Washington Ave

    Year built
    1959
    Construction
    BRICK
    Lot size
    0.42 lot acres
    Property size
    2,644 SF
    Property type
    Retail space
    APN
    04-009002
    APU
    4009002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.0674
    Latitude
    39.2202

    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
    $6,551
    $214,300
    $206,400
    $420,700
    -
    $214,300
    $206,400
    $420,700

    Comparable in this City

    • Value Estimation by Request
      1,167 SF

      7200 Church Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,167 SF
      7200 Church Hl Rd, Chestertown, MD 21620-2804
      View Details
    • Value Estimation by Request
      818 SF

      115 Deep Lndg Rd

      RETAIL STORES (PERSONAL SERVICES) • 818 SF
      115 Deep Lndg Rd, Chestertown, MD 21620-2412
      View Details
    • Value Estimation
      $600,000
      4,644 SF

      6520 Church Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,644 SF
      6520 Church Hl Rd, Chestertown, MD 21620-2387
      View Details
    • Value Estimation by Request
      2,205 SF

      6342 Church Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,205 SF
      6342 Church Hl Rd, Chestertown, MD 21620-2385
      View Details
    • Value Estimation by Request
      1,292 SF

      500 Double Crk Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,292 SF
      500 Double Crk Pt Rd, Chestertown, MD 21620-1876
      View Details
    • Value Estimation by Request
      2,640 SF

      305 High St

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      305 High St, Chestertown, MD 21620-1333
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.92 Acres

      Chestertown Retail Space - Great Potential

      Prime Retail Location, Rent-Free Incentive!
      903 Washington Ave, Chestertown, MD 21620
      View Details
    • Contact for pricing

      Commercial Development Site on MD

      Commercial development site suitable for retail, restaurant, or service uses.
      515 Washington Ave, Chestertown, MD 21620
      View Details
    • $2,300,000

      Turnkey Investment Property in Chestertown

      Profitable mixed-use property with apartments and storefronts in downtown Chestertown.
      200 High St, Chestertown, MD 21620
      View Details
    • Contact for pricing
      2.32 Acres

      Chestertown Office Space: Prime Location

      Historic Charm, Modern Amenities, 8 Offices
      870 High St, Chestertown, MD 21620
      View Details
    • $860,000
      3,114 SF

      Historic Chestertown Mixed-Use Gem

      3,114 sq ft, Wellness Center, Cafe Included
      860 High St, Chestertown, MD 21620
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Commercial Space in Historic Chestertown

      Vacant commercial space suitable for retail or restaurant use.
      315 Cannon St, Chestertown, MD 21620
      View Details
    • $2,864 /Mo
      49,223 SF

      Retail Space in College Commons

      Inline retail space available for lease in Chestertown, MD.
      601 Washington Ave, Chestertown, MD 21620
      View Details
    • Contact for pricing
      2,007 SF

      Retail Space in Chestertown

      Highly visible retail property in the heart of Chestertown.
      611 Washington Ave, Chestertown, MD 21620
      View Details
    • Contact for pricing
      4,138 SF

      Retail Space in Kent Plaza

      Retail space available in community shopping center with anchor tenants.
      711 Washington Ave, Chestertown, MD 21620
      View Details
    • $445 /Mo

      Office Space in Chestertown

      Basement office unit available for rent in Chestertown, MD.
      302 Park Row #Basement, Chestertown, MD 21620
      View Details
    • $445 /Mo

      Chestertown Basement Office Space

      Charming, historic Chestertown office space with utilities included.
      302 Park Row, Chestertown, MD 21620
      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.
    503 Washington Ave
    Chestertown, MD 21620-1217
    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

    Thank You for Inquiry

    503 Washington Ave, Chestertown, MD, 21620

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!