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Property profile & analytics
FOR LEASE
Strip malls
601 Washington Ave, Chestertown, MD 21620
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-2343058
For Lease
1 / 16
$2,864/Mo
601 Washington Ave, Chestertown, MD 21620
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Total area
13,500 SF
Lot
1.13 ac (49,400 SF)
Zoning code
C-1
APN
04-009479
UPID
US40-2343058
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
-
C-Town Liquors & Deli (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Chester River Pharmacy Pharmacy
-
After Glow 2.0 Tanning Salon
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
North East Realty LLC · 7 yrs held
North East Realty LLC
since 2018
4 recorded transactions
Zoning & alternative use
C-1 · Chestertown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chestertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chestertown 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
$30,932
Tax year 2023
Assessed value
$1,986,400
Assessed 2023
Previous assessed
$1,986,400
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$986,400
Land market value
$1,000,000
Improvement market value
$986,400
Total market value
$1,986,400
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2013
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Bathrooms
8
Total area
13,500 SF
Lot
1.13 ac (49,400 SF)
Zoning code
C-1
APN
04-009479
UPID
US40-2343058
Jurisdiction
KENT
Zoning & alternative use
C-1 · Chestertown, MD
Zoning C-1 · permitted uses
C-1 · Chestertown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chestertown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
8
Lot
1.13 ac
Current owner
From public records · entity-resolved
North East Realty LLC
Entity
Mailing address
12118 HAYLAND FARM WAY, ELLICOTT CITY, MD 21042-6015
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2018
$1,800,000
North East Realty LLC
Res-chestertown LLC
Grant Deed
$1,444,000 · Queenstown Bk/md
Jan 23, 2012
—
Res-chestertown LLC
Chestertown I LLC
Quit Claim Deed
$1,500,000 · Midcoast Community Bank
Oct 5, 2007
$1,320,000
Chestertown I LLC
Blackeyed Susan Restaurant & C
Grant Deed
$2,700,000 · Wilmington Trust Fsb
—
—
Black Eyed Susan Restaurant
—
Deed Of Trust
related
$77,000 · Chesapeake Bank & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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