New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Turn key restaurants
11 Bohemia Ave, Chesapeake City, MD 21915-1259
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1531208
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1850
Construction
BRICK
Total area
6,260 SF
Lot
0.18 ac (7,760 SF)
Zoning code
VC
APN
02-000121
UPID
US40-1531208
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 Old Wharf Cottage Bed & Breakfast Restaurant
-
The Bayard House Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
One The City LLC · 4 yrs held
One The City LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
VC · Chesapeake City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+39.2%
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
$1,480,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$940,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.51M (Jan 20 2022)
Last sale anchor
$1.51M
Jan 20 2022
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
$238 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$14,615
Tax year 2024
Assessed value
$899,700
Assessed 2024
Previous assessed
$899,700
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$536,500
Assessed improvement
$363,200
Land market value
$536,500
Improvement market value
$363,200
Total market value
$899,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1850
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Units
1
Total area
6,260 SF
Lot
0.18 ac (7,760 SF)
Zoning code
VC
APN
02-000121
UPID
US40-1531208
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
OFFICE BUILDING
Est. value
$940,000
OFFICE BUILDING
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
1850
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
One The City LLC
Entity
Mailing address
833 S DUPONT BLVD, MILFORD, DE 19963-2232
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
One The City LLC
—
Deed
related
$1,725,000 · Wilmington Savings Fund Society Fsb
Feb 24, 2023
—
One The City LLC
—
Deed
related
$640,000 · M & T Bank
Jan 20, 2022
$1,509,500
One The City LLC
Chesapeake City Properties Lc
Deed
$800,000 · M & T Bank
Jan 14, 2019
$925,000
Chesapeake City Properties Lc
Bohemia Avenue Properties LLC
Grant Deed
—
Mar 2, 2011
$903,667
Bohemia Avenue Properties LLC
Augustine Ents Of Cecil Cnty LLC
Grant Deed
$650,000 · Pnc Bank
Dec 8, 2010
—
Augustine Ents Of Cecil Cnty LLC
Augustine Ents
Quit Claim Deed
—
—
—
Bohemia Partners LLC
—
Deed Of Trust
related
$20,000 · Columbia Bk
—
—
Bohemia Partners LLC
—
Deed Of Trust
related
$1,480,000 · Columbia Bk
—
—
Augustine Ents
—
Deed Of Trust
related
$200,000 · Pnc Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11 Bohemia Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
