Property profile

609 Eastern Blvd Essex, MD 21221

OFF-MARKET
Investment properties
Property ID
US40-0604036
1,365 SF 0.17 ac lot Built 1930
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,275 square foot office building presents a compelling redevelopment opportunity in the thriving business district of Essex, Maryland. Situated on a 0.17-acre lot at 609 Eastern Boulevard, this property offers significant potential for investors and developers seeking to capitalize on its prime location and flexible zoning. The existing structure provides a solid foundation for a variety of projects, allowing for creative adaptation to suit diverse business needs. The "BL" zoning designation within the business district opens doors to a wide range of commercial uses, making this an attractive investment for those seeking a versatile and strategically located asset. The property's size and location make it ideal for a variety of commercial ventures, from small businesses to larger enterprises. Its accessibility and proximity to local amenities further enhance its appeal. This is a rare chance to acquire a property with substantial upside in a dynamic and growing area. The asking price of $195,900 represents an excellent entry point into the Essex commercial real estate market. Serious inquiries are encouraged to explore the full potential of this exciting redevelopment opportunity. Don't miss this chance to acquire a valuable asset in a prime location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1930
Total area 1,365 SF
Lot 0.17 ac (7,250 SF)
Zoning code BL
APN 15-1514651710
UPID US40-0604036

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

609 Eastern Blvd Essex, MD 21221-4908
Essex metro Census 450400 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2025
Last sale
$195,900
4 recorded transactions
2025
$195,900
2020
Price N/A
2018
Price N/A
1999
$45,000

Zoning & alternative use

BL · Essex, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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