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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Retail residential properties
896 Prt St Easton, MD 21601-8104
Entity Owned
6-yr Hold
Property ID
US40-0789229
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1975
Total area
2,268 SF
Lot
1.71 ac (74,488 SF)
APN
01-034278
UPID
US40-0789229
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
-
Gay's Seafood Specialty Food Shop Fish Market
-
Tidewater Guide Service Hunting Area
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$960k
Owner & transaction history
Blue Water Sparkle LLC · 6 yrs held
Blue Water Sparkle LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
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 Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $1.05M (May 26 2020)
Last sale anchor
$1.05M
May 26 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$423 / SF
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
$5,402
Tax year 2023
Assessed value
$631,567
Assessed 2023
Previous assessed
$603,633
+4.6% YoY
Effective rate
0.86%
On assessed value
Land market value
$481,500
Improvement market value
$178,000
Total market value
$659,500
Applied tax rate
1.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1975
Heating
BASEBOARD
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
2,268 SF
Lot
1.71 ac (74,488 SF)
APN
01-034278
UPID
US40-0789229
Jurisdiction
TALBOT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Heating
BASEBOARD
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Blue Water Sparkle LLC
Entity
Mailing address
9 FEDERAL ST, EASTON, MD 21601-2705
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
—
Blue Water Sparkle LLC
—
Deed
related
—
May 26, 2020
$1,050,000
Blue Water Sparkle LLC
Lawrence Thomas Gay III
Deed
$840,000 · Cnb
May 17, 2016
—
Lawrence T Gay III
—
Deed
related
$37,000 · Talbot Bk/easton
—
—
Blue Water Sparkle LLC
—
Loan Modification
related
—
—
—
Lawrence T Gay III
—
Deed Of Trust
related
$37,000 · Talbot Bk/easton
—
—
Lawrence T Gay III
—
Deed Of Trust
related
$270,000 · Talbot Bank Of Easton
—
—
Lawrence T Gay
—
Deed Of Trust
related
$60,000 · First Mariner Bank
—
—
Lawrence T Gay III
—
Deed Of Trust
related
$100,000 · First Mariner Bank
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.
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