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Property profile & analytics
FOR SALE
Bars & Pubs
10 E Main St Thurmont, MD 21788
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0538307
For Sale
1 / 2
$499,000
10 E Main St, Thurmont, MD 21788
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,323 SF
Lot
0.06 ac (2,544 SF)
Zoning code
TB
APN
15-335637
UPID
US40-0538307
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Manasvi Gandhi · 1 yrs held
Manasvi Gandhi
since 2025
Last sale
$272,000
3 recorded transactions
Zoning & alternative use
TB · Thurmont, MD
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 Thurmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thurmont 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,820
Tax year 2023
Assessed value
$231,000
Assessed 2023
Previous assessed
$227,400
+1.6% YoY
Effective rate
1.65%
On assessed value
Assessed land
$37,700
Assessed improvement
$193,300
Land market value
$37,700
Improvement market value
$193,300
Total market value
$231,000
Applied tax rate
10.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
1
Total area
2,323 SF
Lot
0.06 ac (2,544 SF)
Zoning code
TB
APN
15-335637
UPID
US40-0538307
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
TB · Thurmont, MD
Zoning TB · permitted uses
TB · Thurmont, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thurmont. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Manasvi Gandhi
Individual
Mailing address
201 POPLAR ST, THURMONT, MD 21788-1797
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
$272,000
Manasvi Gandhi
The Quad LLC
Deed
$251,900 · The Quad LLC
Dec 30, 2022
$212,500
15 E Main LLC
Penelope M Misner
Deed
—
Dec 13, 2017
—
Seiss,faye M Trust
Seiss,faye M
Quitclaim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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