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    Property profile & analytics

    1203 National Hwy Lavale, MD 21502-7602

    • Turn key restaurants
    • 5,762 SF
    • 1.35 lot acres
    OFF-MARKET
    Value Estimation
    $3,195,000
    Last Sale
    Jul 07, 2023
    $3,366,914
    Location Intelligence
    Property ID
    US40-1353771
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bob Evans / Family Restaurant / Breakfast Restaurant

    Property Details for 1203 National Hwy

    Year built
    1982
    Construction
    BRICK
    Lot size
    1.35 lot acres
    Property size
    5,762 SF
    Zone code
    B
    Property type
    Turn key restaurants
    APN
    29-043248
    APU
    29043248

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,035,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,130,000
      6.5%
      $3,310,000
      7%
      $3,405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,105,000
      Geo Method
      $2,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,080,000
      Retail
      $3,460,000
      Mixed-Use
      $3,685,000
      Hospitality
      $3,345,000
      Educational
      $4,045,000
      Residential Income
      $3,845,000
      Energy
      $3,160,000
      Income-Based Land
      $3,905,000
      Food Service
      $3,640,000

    Location Insight

    • Map
    • Local Demand
    City
    Lavale
    County
    Allegany
    State
    Maryland
    Longitude
    -78.8314
    Latitude
    39.6391
    CBSA code
    19060
    CBSA name
    CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,946
    $0.00
    $0.00
    $2,662,900
    -
    $1,177,800
    $2,039,900
    $3,217,700

    Comparable in this City

    • Value Estimation
      $430,000
      3,600 SF

      10307 National Hwy

      RESTAURANT • 3,600 SF
      10307 National Hwy, Cumberland, MD 21502-4904
      View Details
    • Value Estimation by Request
      2,208 SF

      14 Howard St

      RESTAURANT • 2,208 SF
      14 Howard St, Cumberland, MD 21502-3098
      View Details
    • Value Estimation by Request
      5,670 SF

      12201 Winchester SW Rd

      RESTAURANT • 5,670 SF
      12201 Winchester SW Rd, Lavale, MD 21502-6545
      View Details
    • Value Estimation
      $255,000
      1,300 SF

      927 National Hwy

      RESTAURANT • 1,300 SF
      927 National Hwy, Lavale, MD 21502-7363
      View Details
    • Value Estimation
      $460,000
      1,800 SF

      1266 National Hwy

      RESTAURANT • 1,800 SF
      1266 National Hwy, Lavale, MD 21502-7607
      View Details
    • Value Estimation by Request
      5,732 SF

      1238 National Hwy

      RESTAURANT • 5,732 SF
      1238 National Hwy, Lavale, MD 21502-7603
      View Details

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      5,804 SF

      La Vale Restaurant Investment Property

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      Land Available Near McDonald’s

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      Mcmullen Hwy, Cresaptown, MD 21502
      View Details
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    1203 National Hwy
    Lavale, MD 21502-7602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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