8451 Ocean Gtwy Easton, MD 21601-7151
Property profile & analytics
8451 Ocean Gtwy Easton, MD 21601-7151
- Turn key restaurants
- 5,407 SF
- 1.34 lot acres
Property ID
US40-1384225
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.
Location Intelligence
Current Use by Public Records
- Easton Diner / Restaurant
Property Details for 8451 Ocean Gtwy
- Year built
- 1981
- Construction
- BRICK
- Lot size
- 1.34 lot acres
- Property size
- 5,407 SF
- Property type
- Turn key restaurants
- APN
- 01-056034
- APU
- 1056034
Description
This exceptional Easton, MD, retail property presents a compelling investment opportunity. The 5,407 square foot Easton Diner, situated on a 1.34-acre lot at 8451 Ocean Gateway, boasts a prime location on Route 50, a major thoroughfare connecting Washington D.C., Baltimore, and Ocean City. With a 6.14% cap rate and a strong NOI of $108,900, this single-tenant, fee-simple property offers significant potential. The building, constructed in 1981 and renovated in 2020, features a fully equipped commercial kitchen, ample parking (84 spaces), and a capacity for approximately 187 patrons. The current lease, a NNN agreement, has a remaining term of approximately 3.3 years, expiring February 29, 2028. The property is zoned CG and benefits from high visibility and accessibility, with an average daily traffic count of roughly 50,000 vehicles, significantly increasing during peak seasons. This redevelopment opportunity, classified as Class B, offers a unique chance to capitalize on a high-demand location and strong existing business. The asking price is $1,775,000, translating to $328.28 per square foot. The property's features include one building, one story, and 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,285,000
- ML approach
- $1,285,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $961,000
Market price range: $483k - $1.73M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,220,000 Current use
- MEDICAL BUILDING
- $1,070,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Easton
- County
- Talbot
- State
- Maryland
- Longitude
- -76.0593
- Latitude
- 38.7811
- 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
$7,810
$819,000
$261,900
$1,080,900
-
$819,000
$261,900
$1,080,900
