Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    609 Talbot St St Michaels, MD 21663-2644

    • Retail space
    • 4,496 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Aug 08, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1427238
    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.

    Current Use by Public Records

    • By The Bay Creations / Artist / Home Goods Store
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • St. Michaels Winery / Winery / Wine Store
    • FILTER FAST / Winery
    • Sewing Factory / Sewing Shop / Sewing Company

    Property Details for 609 Talbot St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    4,496 SF
    Property type
    Retail space
    APN
    02-061686
    APU
    2061686

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    St Michaels
    County
    Talbot
    State
    Maryland
    Longitude
    -76.2218
    Latitude
    38.7812
    CBSA code
    20660
    CBSA name
    EASTON, MD MICROPOLITAN STATISTICAL AREA

    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
    $3,837
    $0.00
    $0.00
    $320,133
    -
    $177,400
    $186,600
    $364,000

    Comparable in this City

    • Value Estimation by Request
      2,160 SF

      200 Railroad Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      200 Railroad Ave, St Michaels, MD 21663-2105
      View Details
    • Value Estimation
      $715,000
      4,685 SF

      201 Talbot St

      RETAIL STORES (PERSONAL SERVICES) • 4,685 SF
      201 Talbot St, St Michaels, MD 21663
      View Details
    • Value Estimation
      $540,000
      2,448 SF

      1216 Talbot St

      RETAIL STORES (PERSONAL SERVICES) • 2,448 SF
      1216 Talbot St, St Michaels, MD 21663-2602
      View Details
    • Value Estimation by Request
      1,512 SF

      203 Talbot St

      RETAIL STORES (PERSONAL SERVICES) • 1,512 SF
      203 Talbot St, St Michaels, MD 21663
      View Details
    • Value Estimation
      $655,000
      1,514 SF

      104 Talbot St

      RETAIL STORES (PERSONAL SERVICES) • 1,514 SF
      104 Talbot St, St Michaels, MD 21663
      View Details
    • Value Estimation by Request
      1,752 SF

      105 Talbot St

      RETAIL STORES (PERSONAL SERVICES) • 1,752 SF
      105 Talbot St, St Michaels, MD 21663
      View Details

    Similar Nearby for Sale

    • $695,000

      Historic Downtown St. Michaels Property

      Commercial property in historic downtown St. Michaels with high visibility.
      312 S Talbot St, St Michaels, MD 21663
      View Details
    • $1,295,000

      Prime Retail Location in St. Michaels

      Prominent retail location with high traffic and ample parking.
      100 N Talbot St, St Michaels, MD 21663
      View Details
    • $425,000

      St. Michaels Restaurant - For Sale

      Established eatery in prime MD location. High sales history.
      1013 Talbot St, Saint Michaels, MD 21663
      View Details
    • $1,635,000

      Deepwater Point Specialty Property

      Specialty property available for sale.
      9171 Deepwater Point Rd, Saint Michaels, MD 21663
      View Details
    • $349,000
      1,296 SF

      Golf Course View Home

      Two-bedroom home with golf course views near St. Michaels.
      24560 Deepwater Point Rd, Saint Michaels, MD 21663
      View Details
    • $725,000

      Spinnaker Lane Specialty Property

      Specialty property available for sale.
      408 Spinnaker Ln, St Michaels, MD 21663
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo

      Prime Commercial Space in St. Michaels

      New commercial space in historic St. Michaels, immediate occupancy.
      103 Fremont St, St Michaels, MD 21663
      View Details
    • $1,400 /Mo
      121,968 SF

      St. Michaels Business Park Lease

      Office space in St. Michaels Business Park for lease.
      933 Talbot Unit 11&12, Saint Michaels, MD 21663
      View Details
    • $1,400 /Mo

      St. Michaels Office Space Available

      Office spaces in St. Michaels Business Park for lease.
      933 Talbot 11&12, St Michaels, MD 21663
      View Details
    • $600 /Mo
      100,188 SF

      SAINT MICHAELS Commercial Space For Lease

      Second floor commercial space in busy 'Shoppes at Bay Hundred'.
      1110 S Talbot St, Saint Michaels, MD 21663
      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.
    609 Talbot St
    St Michaels, MD 21663-2644
    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

    Google sign-in failed. Please try again or use another login method.