New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
11848 Assateague Rd, Berlin, MD 21811-2417
Entity Owned
14-yr Hold
Free & Clear
Property ID
US40-0770501
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
BRICK
Total area
4,263 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C2
APN
10-019389
UPID
US40-0770501
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
-
Buck's Grocery & Convenience Store
-
ATM Atm
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
R 611 Assat Road LLC · 14 yrs held
R 611 Assat Road LLC
since 2012
6 recorded transactions
Zoning & alternative use
C2 · 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
$8,099
Tax year 2023
Assessed value
$846,300
Assessed 2023
Previous assessed
$846,300
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$637,500
Assessed improvement
$208,800
Land market value
$637,500
Improvement market value
$208,800
Total market value
$846,300
Applied tax rate
10.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
4,263 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C2
APN
10-019389
UPID
US40-0770501
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Berlin, MD
Zoning C2 · permitted uses
C2 · 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
1970
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
2.05 ac
Current owner
From public records · entity-resolved
R 611 Assat Road LLC
Entity
Free & Clear · 14 yrs held
Mailing address
11848 ASSATEAGUE RD, BERLIN, MD 21811-2417
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2012
$824,000
R 611 Assat Road LLC
Brown Properties INC
Trustees Deed
related
—
Feb 16, 2005
$458,558
Brown Properties INC
Brown,neil B & Mary M
Grant Deed
related
$875,000 · Bank Of Ocean City
—
—
R-611 Assat Road LLC
—
Deed Of Trust
related
$805,202 · Farmers Bk/willards
—
—
R-611 Assat Road LLC
—
Deed Of Trust
related
$178,797 · Farmers Bk/willards
—
—
Neil B Brown
—
Deed Of Trust
related
$410,000 · Peninsula Bank
—
—
Brown Properties INC
—
Deed Of Trust
related
$300,000 · Donald L Rogers
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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