Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    918 Washington Ave Chestertown, MD 21620-3322
    Back to Search
    Property profile & analytics

    918 Washington Ave, Chestertown, MD 21620-3322

    View on Map
    • Investment properties
    • 1,054 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US40-0723451
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 918 Washington Ave

    Year built
    1950
    Lot size
    0.26 lot acres
    Zone code
    CC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04-002962
    APU
    4002962

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 22, 2026 — Freeman William — Deed · related $196k · Ace Mortgage Funding, LLC
    Oct 10, 2025 — William L Freeman William L Freeman Deed · related $139k · Emortgage Funding LLC
    Aug 29, 2025 — William L Freeman — Deed · related $139k · Emortgage Funding LLC
    Oct 31, 2024 — William L Freeman — Deed · related $90k · Rocket Mortgage LLC
    Apr 20, 2023 — William L Freeman — Deed · related $315k · Finance Of America Reverse LLC
    Aug 17, 2017 — William L Freeman — Deed · related $50k · Shore United Bk
    Jun 20, 2017 — William L Freeman — Deed · related $42k · Pnc Bank NA
    Sep 10, 2002 $95,000 William L Freeman Van Dyke,robert H & Nancy L Grant Deed $95k · Chestertown Bank Maryland
    — — William L Freeman — Deed Of Trust · related $50k · Mercantile Eastern Shore Bank
    — — William L Freeman — Deed Of Trust · related $60k · Pnc Bank
    — — William L Freeman — Deed Of Trust · related $50k · Shore United Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.0703
    Latitude
    39.2345

    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
    $2,138
    $107,100
    $79,100
    $186,200
    -
    $107,100
    $79,100
    $186,200

    Comparable in this City

    • Value Estimation by Request
      1,292 SF

      104 Burchard Sawmill Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      104 Burchard Sawmill Rd, Chestertown, MD 21620-1926
      View Details
    • Value Estimation by Request
      252 SF

      Church Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      Church Hl Rd, Chestertown, MD 21620
      View Details
    • Value Estimation by Request
      3,371 SF

      6746 Quaker Nck Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      6746 Quaker Nck Rd, Chestertown, MD 21620-4917
      View Details
    • Value Estimation by Request
      2,400 SF

      330 Cannon St

      OFFICE/RESIDENTIAL (MIXED USE)
      330 Cannon St, Chestertown, MD 21620
      View Details
    • Value Estimation by Request
      3,076 SF

      314 Park Row

      OFFICE/RESIDENTIAL (MIXED USE)
      314 Park Row, Chestertown, MD 21620-1544
      View Details
    • Value Estimation by Request
      2,566 SF

      329 Cannon St

      OFFICE/RESIDENTIAL (MIXED USE)
      329 Cannon St, Chestertown, MD 21620-1319
      View Details

    Similar Nearby for Sale

    • $860,000
      3,114 SF

      Historic Chestertown Mixed-Use Gem

      3,114 sq ft, Wellness Center, Cafe Included
      860 High St, Chestertown, MD 21620
      View Details
    • $1,870,000
      16,977 SF

      Chestertown Mixed-Use Investment

      Historic Mill, Endless Potential
      870 High St, Chestertown, MD 21620
      View Details
    • $1,300,000

      Historic Chestertown Mixed-Use Property

      Mixed-use property with commercial kitchen and residential apartment in Chestertown.
      327 Cannon St, Chestertown, MD 21620
      View Details
    • $2,300,000

      Turnkey Investment Property in Chestertown

      Profitable mixed-use property with apartments and storefronts in downtown Chestertown.
      200 High St, Chestertown, MD 21620
      View Details
    • Contact for pricing
      2.32 Acres

      Chestertown Office Space: Prime Location

      Historic Charm, Modern Amenities, 8 Offices
      870 High St, Chestertown, MD 21620
      View Details

    Similar Nearby for Lease

    • $445 /Mo

      Office Space in Chestertown

      Basement office unit available for rent in Chestertown, MD.
      302 Park Row #Basement, Chestertown, MD 21620
      View Details
    • $445 /Mo

      Chestertown Basement Office Space

      Charming, historic Chestertown office space with utilities included.
      302 Park Row, Chestertown, MD 21620
      View Details
    • $2,200 /Mo

      Commercial Space in Historic Chestertown

      Vacant commercial space suitable for retail or restaurant use.
      315 Cannon St, Chestertown, MD 21620
      View Details
    • Contact for pricing
      4,138 SF

      Retail Space in Kent Plaza

      Retail space available in community shopping center with anchor tenants.
      711 Washington Ave, Chestertown, MD 21620
      View Details
    • Contact for pricing

      Retail Space in College Commons

      2,291 SF retail space available for lease.
      601 Washington Ave, Chestertown, MD 21620
      View Details
    • $2,864 /Mo
      49,223 SF

      Retail Space in College Commons

      Inline retail space available for lease in Chestertown, MD.
      601 Washington Ave, Chestertown, MD 21620
      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.
    918 Washington Ave
    Chestertown, MD 21620-3322
    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

    Thank You for Inquiry
    918 Washington Ave, Chestertown, MD, 21620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!