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

    9679 Ocean Gtwy Easton, MD 21601-6003

    • Specialty properties
    • 5,106 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2023
    $1,350,000
    Value Estimations
    $1,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0782120
    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

    • Nizolek Joe DVM / Veterinarian
    • Community Animal Hospital / Veterinarian / Animal Hospital
    • Hutchison Chad DVM / Veterinarian

    Property Details for 9679 Ocean Gtwy

    Year built
    1960
    Construction
    BRICK
    Lot size
    1.10 lot acres
    Property size
    5,106 SF
    Property type
    Specialty properties
    APN
    01-046314
    APU
    1046314

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,785,000
      ML approach
      $1,615,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,150,000
      MEDICAL BUILDING
      $1,010,000
      OFFICE BUILDING
      $915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0595
    Latitude
    38.8148
    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
    $7,231
    $394,800
    $450,500
    $845,300
    -
    $394,800
    $450,500
    $845,300

    Comparable in this City

    • Value Estimation by Request
      620 SF

      116 Hammond St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 620 SF
      116 Hammond St, Easton, MD 21601-2715
      View Details
    • Value Estimation by Request
      1,500 SF

      408 Cynwood Dr

      Medical space • 1,500 SF
      408 Cynwood Dr, Easton, MD 21601
      View Details
    • Value Estimation by Request
      17,340 SF

      713 Dover Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 17,340 SF
      713 Dover Rd, Easton, MD 21601-4012
      View Details
    • Value Estimation by Request
      11,612 SF

      9560 Black Dog Aly

      PROFESSIONAL CLUBS/ASSOCIATIONS • 11,612 SF
      9560 Black Dog Aly, Easton, MD 21601-6473
      View Details
    • Value Estimation by Request
      3,448 SF

      101 Glenwood Ave

      CHARITABLE ORGANIZATION • 3,448 SF
      101 Glenwood Ave, Easton, MD 21601-2605
      View Details
    • Value Estimation by Request
      3,600 SF

      10659 Hiners Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,600 SF
      10659 Hiners Ln, Easton, MD 21601-6225
      View Details

    Similar Nearby for Sale

    • $129,000
      3.32 Acres

      Land For Sale Easton, MD

      Vacant land available for sale in Easton, Maryland.
      29543 Ella Brks Ln, Easton, MD 21601
      View Details
    • $545,000

      Easton MD Specialty Property

      Specialty property available for sale in Easton, Maryland.
      8658 Camac St, Easton, MD 21601
      View Details
    • $249,900

      Easton Specialty Property For Sale

      Specialty property available for purchase in Easton, Maryland.
      202 S Aurora St, Easton, MD 21601
      View Details
    • $439,000

      Easton, MD Specialty Property

      Specialty property available for sale in Easton, Maryland.
      29736 Tallulah Ln, Easton, MD 21601
      View Details
    • $425,000

      Easton Specialty Property for Sale

      Specialty property available in Easton, Maryland.
      28538 Edgemere Rd, Easton, MD 21601
      View Details
    • $1,390,000

      Easton Specialty Property For Sale

      Specialty property available for purchase in Easton, Maryland.
      28701 Edgemere Rd, Easton, MD 21601
      View Details

    Similar Nearby for Lease

    • $15,031 /Mo

      Easton Specialty Property for Rent

      Specialty property available for lease in Easton, Maryland.
      28370 Saint Michaels Rd, Easton, MD 21601
      View Details
    • $14 SF/Yr
      50,000 SF

      Industrial Park - Easton, PA

      Flex Space, Warehouse, Distribution
      29000 Information Ln, Easton, MD 21601
      View Details
    • Contact for pricing
      99,172 SF

      Easton, MD Industrial Duo

      Two new industrial buildings, prime location.
      28958 I Way Ct, Easton, MD 21601
      View Details
    • $16 SF/Yr
      576,734 SF

      Retail Space in Tred Avon Square

      2,000 SF retail suite in a busy shopping center.
      210 Marlboro Ave, Easton, MD 21601
      View Details
    • $15 SF/Yr

      Commercial Land Near Easton Airport

      Commercial land available for rent near Route 50 and airport.
      12A Highland Ct, Easton, MD 21601
      View Details
    • $1,800 /Mo

      Light Industrial Flex Space

      1,350 SF flex space available for lease.
      8626 Brooks Dr, Easton, MD 21601
      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.
    9679 Ocean Gtwy
    Easton, MD 21601-6003
    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.