Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Restaurant with Indoor/Outdoor Seating Title is generated by Realmo AI

    448 E BALTIMORE St, Taneytown, MD 21787

    View on Map
    Claim this Listing
    New
    For Sale
    $680,997

    Carryout and delivery restaurant with fully equipped kitchen and both indoor and outdoor seating, for sale with real estate.

    Type:Commercial
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 1 at 7:45 pm

    Property Features for 448 E BALTIMORE St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1924

    We can help!

    Listing Contact
    Russ Dukan
    Russ Dukan

    Listing agent Russ Dukan

    Listing office AllFirst Realty, Inc.

    Listing date Jun 1, 2026

    Source Elliman

    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 AllFirst Realty, Inc.

    HighLights

    • Income‑producing carryout and delivery restaurant for sale with the real estate
    • Fully equipped kitchen included, ready for operation
    • Indoor and outdoor seating for guests
    • Established restaurant located in historic downtown Taneytown on E Baltimore Street
    • Year built: 1924

    Overview

    This property is a turnkey, owner-operated carryout and delivery restaurant that is being sold with the real estate. The operation includes a fully equipped kitchen designed for immediate use, along with indoor and outdoor seating for guests.

    Located at 448 E Baltimore St in historic downtown Taneytown, the restaurant is positioned along the E Baltimore Street corridor. The offering is presented as an established business within a supportive small-town setting.

    For an entrepreneur or operator looking to acquire a restaurant ready to run, the included kitchen equipment and dual seating options provide a practical foundation for food service. Being sold with the real estate may also appeal to buyers who want ownership of the operating location rather than a leasehold-only arrangement.
    Location Intelligence

    Current Use by Public Records

    Belisimo's Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Taneytown
    County
    Carroll
    State
    Maryland
    Longitude
    -77.1620796
    Latitude
    39.6513194

    Nearby Similar for Sale

    • $680,997

      Profitable Restaurant in Historic Taneytown

      Established restaurant with real estate in Taneytown's downtown.
      448 E BALTIMORE Street, TANEYTOWN, MD 21787
      View Details
    • $499,000

      Turn Key Meat Processing Store

      Profitable meat processing and retail store in Taneytown.
      12R MIDDLE ST, TANEYTOWN, MD 21787
      View Details
    • $850,000
      10,000 SF

      Versatile Commercial Building, Mechanic Shop

      Operating mechanic shop with flex space in Taneytown, Maryland.
      94 YORK St, Taneytown, MD 21787
      View Details
    • $340,900
      6,000 SF

      Versatile Commercial Building with Warehouse

      6000 sq ft building with retail and warehouse space.
      239 E BALTIMORE STREET, TANEYTOWN, MD 21787
      View Details
    • $499,000

      Turnkey Meat Processing Retail Store

      Profitable meat processing and retail store in Taneytown city.
      12r MIDDLE St, Taneytown, MD 21787
      View Details
    • $99,997

      Established Restaurant Business Opportunity

      Thriving restaurant in historic Taneytown with loyal customer base.
      448 E BALTIMORE Street, TANEYTOWN, MD 21787
      View Details
    • $1,249,900

      Secluded Estate with Modern Amenities

      35.9-acre Carroll County estate with luxury residence and outbuildings.
      3989 KUMP STATION RD, TANEYTOWN, MD 21787
      View Details
    • $750,000
      1,890 SF

      Land for Sale in Taneytown

      Land available in Frederick County, Maryland.
      12550 Shoemaker Rd, Taneytown, MD 21787
      View Details
    • $99,997

      Established Restaurant in Historic Taneytown

      Profitable restaurant with loyal customer base in downtown Taneytown.
      448 E Baltimore St, TANEYTOWN, MD, 21787-2304
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Carryout and delivery restaurant with fully equipped kitchen and both indoor and outdoor seating, for sale with real estate.
    Where is this conventional restaurant located?
    The property is located at 448 E BALTIMORE St Taneytown, MD.
    What is the asking price?
    The asking price for this property is $680,997.
    What are key features of this property?
    This property features: Income‑producing carryout and delivery restaurant for sale with the real estate; Fully equipped kitchen included, ready for operation; Indoor and outdoor seating for guests
    (443) 760-7543
    We can help!
    Listing Contact
    Russ Dukan
    Russ Dukan
    Learn More
    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.
    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
    448 E BALTIMORE St, Taneytown, MD 21787
    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!