Property profile

7872 Ocean Gtwy Easton, MD 21601

FOR LEASE
Retail space
Property ID
US40-0024144
8,100 SF 4.04 ac lot Built 1955
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Easton, Talbot County, development offers a unique opportunity for businesses seeking high-visibility retail and medical space. The project encompasses two new buildings: a two-story, 24,000 square foot Class A medical building, ideal for medical practices or related healthcare services, and a single-story, 18,000 square foot retail building. The retail building offers significant flexibility with subdividable space, allowing for customization to suit various tenant needs. Currently, four individual spaces are immediately available, ranging in size from 1,000 to 18,000 square feet. This prime location in Easton provides excellent access to major roadways and a strong customer base. The development is perfectly situated to capitalize on the area's thriving economy and growing population. Whether you're seeking a large flagship location or a smaller, more manageable space, this development offers a diverse range of options to meet your business requirements. The modern design and high-quality construction ensure a professional and attractive environment for your business. Don't miss this chance to establish your presence in this dynamic and rapidly developing area. Contact us today to learn more about available spaces and leasing options.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,100 SF
Lot 4.04 ac (175,982 SF)
APN 01-043404
UPID US40-0024144

Cap rate & NOI

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

Location

7872 Ocean Gtwy Easton, MD 21601
Easton metro Census 960400 EASTON, MD MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$1.21M

Owner & transaction history

since 2016
4 recorded transactions
2016
$1.5M
2007
Price N/A
2004
$2.1M
2003
$1.1M

Zoning & alternative use

Top alternative use upside
Office building $1.8M +17.7%
Commercial (general) $1.7M +17.0%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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