Restaurant with Operating
1222 NATIONAL HIGHWAY, Lavale, MD 21502
For Sale
New
$2,000,000
The sale combines an active dining operation, its equipment, and the real estate occupied by the business.
Property Size3,165 SF
Lot Size1.36 Acres
Price / SF$631.91
Days on Market6
Property Features for 1222 NATIONAL HIGHWAY
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Business Included
Restaurant
Patio
Equipment Included
Additional Details
Currently Operating
Building Details
Year Built
Buildings
Listing Agency:
The KW Collective
(443) 574-1600
Listed By:
Charlotte Savoy · License #522658
(443) 212-8969
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 9:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The KW Collective
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Investment Insights
Based on property information with market context.
This offering brings together a restaurant property and its operating business, including equipment and associated business assets. The building contains 3,165 square feet, with indoor dining capacity for approximately 147 guests and outdoor seating for another 36. It was built in 1996, and the property encompasses approximately 1.36 acres.
Located at 1222 National Highway in LaVale, Maryland, the restaurant is a few minutes from Frostburg State University and approximately 40 minutes from Deep Creek Lake. The combined sale includes both the business and the real estate, which are held by separate entities.
Located at 1222 National Highway in LaVale, Maryland, the restaurant is a few minutes from Frostburg State University and approximately 40 minutes from Deep Creek Lake. The combined sale includes both the business and the real estate, which are held by separate entities.
Key Highlights
- Restaurant business and real estate offered together, including equipment and associated business assets
- Approximately 1.36 acres
- 3,165‑square‑foot restaurant building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,976
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,520
$1.4M
Cap Rate 7%
$1,028,229
$1.0M
Cap Rate 9%
$799,733
$799.7K
Market Conditions
NOI Build-Up for 3,165 SF
Gross rent
$108.2K $34.20/SF
− Vacancy
−$12.3K −$3.88/SF
EGI
$96.0K $30.32/SF
− OpEx
−$24.0K −$7.58/SF
NOI
$72.0K $22.74/SF
Area
Allegany County, MD
Vacancy
11.34%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,520
Cap Rate 7%
$1,028,229
Cap Rate 9%
$799,733
Alternative Uses
Best Use
Specialty Retail
$1.03M
$899.7K – $1.20M
NOI $71,976 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,162 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
208k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Home Improvements & Furnishings 27%
Shops & Services 16%
Office Supplies 8%
Lowe's
Home Improvements & Furnishings
38,435 visits/mo
0.3 miles
McDonald's
Dining
29,365 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
19,964 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
18,352 visits/mo
0.3 miles
Staples
Office Supplies
16,445 visits/mo
0.2 miles
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines an active dining operation, its equipment, and the real estate occupied by the business.
Where is this conventional restaurant located?
The property is located at 1222 NATIONAL HIGHWAY Lavale, MD.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Restaurant business and real estate offered together, including equipment and associated business assets; Approximately 1.36 acres; 3,165‑square‑foot restaurant building
