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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
10633 Ocean Gtwy, Berlin, MD 21811-2871
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1659877
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2016
Construction
BRICK
Total area
5,329 SF
Lot
2.84 ac (123,710 SF)
Zoning code
C-2
APN
03-015270
UPID
US40-1659877
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
-
Royal Farms (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Coin Cloud Bitcoin ATM Crypto Atm Currency Exchange Service
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
Jar West LLC · 1 yrs held
Jar West LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-2 · Berlin, 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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$36,427
Tax year 2023
Assessed value
$2,041,300
Assessed 2023
Previous assessed
$1,937,900
+5.3% YoY
Effective rate
1.78%
On assessed value
Land market value
$921,000
Improvement market value
$1,327,100
Total market value
$2,248,100
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2016
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,329 SF
Lot
2.84 ac (123,710 SF)
Zoning code
C-2
APN
03-015270
UPID
US40-1659877
Jurisdiction
WORCESTER
Zoning & alternative use
C-2 · Berlin, MD
Zoning C-2 · permitted uses
C-2 · Berlin, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
Jar West LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3611 ROLAND AVE, BALTIMORE, MD 21211-2408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 9, 2024
—
Jar West LLC
Steven E Black
Deed
related
—
Jul 18, 2017
—
Steven E Black
—
Deed
related
$200,000 · Bank Of Ocean Cty
Nov 14, 2016
—
Steven E Black
—
Deed
related
$300,000 · Bank Of Ocean Cty
—
—
Steven E Black
—
Deed Of Trust
related
$1,600,000 · Bank Of Ocean Cty
—
—
Steven E Black
—
Deed Of Trust
related
$300,000 · Bank Of Ocean Cty
—
—
Steven E Black
—
Deed Of Trust
related
$1,013,000 · Bank Of Fruitland
—
—
Steven E Black
—
Deed Of Trust
related
$200,000 · Bank Of Ocean Cty
—
—
Steven E Black
—
Deed Of Trust
related
$200,000 · Bank Of Ocean Cty
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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