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Financial
Distress signals
Property profile

601 Washington Ave Chestertown, MD 21620

FOR LEASE
Strip malls
Property ID
US40-2343058
13,500 SF 1.13 ac lot Built 2013
Last sale Aug 2018 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 2,291-square-foot inline retail suite is located within the 13,500-square-foot College Commons Center in Chestertown, positioned across from a national liberal arts college with an approximate enrollment of 1,000 students and near a signalized intersection on Washington Ave. The suite was previously configured as a salon, including a reception and waiting area, four private rooms, and service connections for four hair-washing stations, making the interior layout compatible with retail or…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$1.99M
Assessed land$1.00M
Assessed improvement$986k
Effective rate1.56%

Value estimate

· Oct 2026
$395k
$356k – $435k
AI approach$395k
NOI build-up
Gross scheduled income$292k
Vacancy & credit loss−$19k
Operating expenses−$82k
NOI · 6,671.68% cap applied$191k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6,671.68%
$191k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
The purpose of C-1 zone is to provide appropriate locations for a wide variety of auto related, commercial and miscellaneous service acti...
General categoryCOMMERCIAL
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.5
Wholesale Shop11.2
Garden Center9.9

Location

601 Washington Ave Chestertown, MD 21620
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6313 Church Hl, Chestertown, MD 21620-2383 $700,000 Apr 2021 6,080 SF
6512 Church Hl, Chestertown, MD 21620-2387 $246,000 Sep 2020 2,000 SF
507 Washington, Chestertown, MD 21620-1217 $650,000 Jun 2020 4,748 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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