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Property profile & analytics
OFF-MARKET
Retail space
101 Drummer Dr, Grasonville, MD 21638-1202
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-2351540
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
BRICK
Total area
618 SF
Lot
0.6 ac (26,334 SF)
Zoning code
UC
APN
05-004705
UPID
US40-2351540
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
Drummer Property LLC · 4 yrs held
Drummer Property LLC
since 2022
7 recorded transactions
Zoning & alternative use
UC · Grasonville, 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 Grasonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grasonville 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
$6,710
Tax year 2023
Assessed value
$712,333
Assessed 2023
Previous assessed
$357,500
+99.3% YoY
Effective rate
0.94%
On assessed value
Land market value
$335,700
Improvement market value
$403,100
Total market value
$738,800
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
618 SF
Lot
0.6 ac (26,334 SF)
Zoning code
UC
APN
05-004705
UPID
US40-2351540
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
UC · Grasonville, MD
Zoning UC · permitted uses
UC · Grasonville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grasonville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Drummer Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
125 SLADE AVE, BALTIMORE, MD 21208-4907
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
—
Drummer Property LLC
Waltrose LLC
Deed
—
Oct 21, 2019
$360,000
Waltrose LLC
111 Scherr Lane LLC
Grant Deed
$300,000 · 111 Scherr Lane LLC
Apr 11, 2014
$275,000
111 Scherr Lane LLC
Queenstown Bk Of Md
Grant Deed
$245,000 · Queenstown Bk/md
Nov 12, 2010
$500,000
Queenstown Bk Of Md
Foster Michael R
Trustees Deed
—
May 11, 2004
$446,000
Sovann Khlok
Chhay Family LLC
Grant Deed
$400,000 · Queenstown Bank Maryland
—
—
Sovann Khlok
—
Deed Of Trust
related
$95,000 · Service Emps/lane Cnty Cu
—
—
Sovann Khlok
—
Deed Of Trust
related
$25,000 · Queenstown Bank Maryland
—
—
Sovann Khlok
—
Deed Of Trust
related
$560,000 · Queenstown Bank Maryland
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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