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Property profile & analytics
OFF-MARKET
Commercial real estate
108 George St, Chesapeake City, MD 21915-1232
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2398579
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
WOOD
Total area
1,692 SF
Lot
0.04 ac (1,750 SF)
Zoning code
VC
APN
02-000466
UPID
US40-2398579
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
Matthew Carl Brinekerhoff · 5 yrs held
Matthew Carl Brinekerhoff
since 2020
Last sale
$320,000
4 recorded transactions
Zoning & alternative use
VC · Chesapeake City, 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 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
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
$4,916
Tax year 2023
Assessed value
$300,800
Assessed 2023
Previous assessed
$290,100
+3.7% YoY
Effective rate
1.63%
On assessed value
Land market value
$122,500
Improvement market value
$189,000
Total market value
$311,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
1,692 SF
Lot
0.04 ac (1,750 SF)
Zoning code
VC
APN
02-000466
UPID
US40-2398579
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.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Matthew Carl Brinekerhoff
Individual
Mailing address
108 GEORGE ST, CHESAPEAKE CITY, MD 21915-1232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 9, 2020
$320,000
Matthew Carl Brinekerhoff
Martin G Turofski
Deed
$256,000 · Wells Fargo Bank NA
Dec 16, 2019
$262,000
Martin G Turofski
Margaret M Trussell
Deed
$270,646 · Residential Mortgage Services
Apr 18, 2006
—
Margaret M Trussell
Trussell,margaret M
Quit Claim Deed
related
—
Nov 3, 2004
$45,000
Margaret M Trussell
Jenkins,jean M
Grant Deed
—
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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