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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Turn key restaurants
11535 Popes Crk Rd Newburg, MD 20664-2178
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1512920
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,306 SF
Lot
5.89 ac (256,743 SF)
Zoning code
RC/CC
APN
05-037204
UPID
US40-1512920
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
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.27M
Owner & transaction history
County Commissioners Of Charles Cou · 4 yrs held
County Commissioners Of Charles Cou
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
RC/CC · Newburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+1.9%
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 Newburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburg 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
$3,115,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,490,000
Current use
OFFICE BUILDING
$1,520,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,430,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10% · vs last sale $2.20M (Mar 28 2022)
Last sale anchor
$2.20M
Mar 28 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
$428 / 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
$19,297
Tax year 2023
Assessed value
$1,429,700
Assessed 2023
Previous assessed
$1,429,700
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$833,600
Assessed improvement
$596,100
Land market value
$833,600
Improvement market value
$596,100
Total market value
$1,429,700
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
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,306 SF
Lot
5.89 ac (256,743 SF)
Zoning code
RC/CC
APN
05-037204
UPID
US40-1512920
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RC/CC · Newburg, MDZoning RC/CC · permitted uses
RC/CC · Newburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5.89 ac
Current owner
From public records · entity-resolved
County Commissioners Of Charles Cou
Entity
Free & Clear · 4 yrs held
Mailing address
200 BALTIMORE ST, LA PLATA, MD 20646-3580
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
Mar 28, 2022
$2,200,000
County Commissioners Of Charles Cou
Alfred Arthur Jolliffe
Foreclosure
related
—
Dec 4, 2020
—
Gilligans Pier LLC
—
Deed
related
$499,836 · Wesbanco Bk
Oct 15, 2001
$812,500
Gillians Pier LLC
Jenkins,thomas R
Grant Deed
$650,000 · Thomas R Jenkins
—
—
Gilligans Pier LLC
—
Deed Of Trust
related
$138,000 · Old Line Bk
—
—
Gilligans Pier LLC
—
Deed Of Trust
related
$183,000 · Richard A Thomas
—
—
Gilligans Pier LLC
—
Deed Of Trust
related
$499,836 · Wesbanco Bk
—
—
Thomas R Jenkins
—
Deed Of Trust
related
$120,000 · Crestar Bank
—
—
Gilligans Pier LLC
—
Deed Of Trust
related
$555,000 · Old Line 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.
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