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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Investment properties
100 Bohemia Ave, Chesapeake City, MD 21915-1241
Entity Owned
13-yr Hold
Free & Clear
Property ID
US40-1353675
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1861
Construction
WOOD
Total area
3,065 SF
Lot
0.05 ac (2,052 SF)
Zoning code
VC
APN
02-003570
UPID
US40-1353675
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
Current use
Occupant on record · Public records
-
The Mercantile at Back Creek (Bike/Boat/Book/etc) Store
-
My Jewelry Place (Bike/Boat/Book/etc) Store
-
Back Creek General Store Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$500k
Owner & transaction history
R T Foard Rental LLC · 13 yrs held
R T Foard Rental LLC
since 2013
4 recorded transactions
Zoning & alternative use
VC · Chesapeake City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$595,000
+53.2%
Retail stores
$585,000
+50.1%
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 Chesapeake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake City 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$390,000
Current use
OFFICE BUILDING
$595,000
Change: +53% · Conversion: Easy
RETAIL STORES
$585,000
Change: +50% · Conversion: Easy
WAREHOUSE, STORAGE
$350,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$163 / SF
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
$6,445
Tax year 2023
Assessed value
$394,333
Assessed 2023
Previous assessed
$390,067
+1.1% YoY
Effective rate
1.63%
On assessed value
Land market value
$166,900
Improvement market value
$231,700
Total market value
$398,600
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1861
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Units
1
Total area
3,065 SF
Lot
0.05 ac (2,052 SF)
Zoning code
VC
APN
02-003570
UPID
US40-1353675
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
VC · Chesapeake City, MD
Zoning VC · permitted uses
VC · Chesapeake City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$390,000
OFFICE BUILDING
Est. value
$595,000
RETAIL STORES
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$350,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1861
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
R T Foard Rental LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 248, RISING SUN, MD 21911-0248
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2013
$47,562
R T Foard Rental LLC
Foard Jayne M Trust
Grant Deed
—
Mar 7, 2013
—
R T Foard Rental LLC
Foard,robert T JR
Quit Claim Deed
—
Mar 7, 2013
$95,124
R T Foard Rental LLC
Lutz,george W III & Paula F
Grant Deed
—
Apr 4, 2012
—
Foard Robert T Trust
Foard Robert T Trust
Quit Claim 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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