New search
Property profile & analytics
FOR SALE
Turn key restaurants
1203 National Hwy, Cumberland, MD 21502
Entity Owned
Free & Clear
Property ID
US40-1353771
For Sale
1 / 2
$3,010,000
1203 National Hwy, Cumberland, MD 21502
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Construction
BRICK
Total area
5,762 SF
Lot
1.35 ac (58,893 SF)
Zoning code
B
APN
29-043248
UPID
US40-1353771
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
-
Bob Evans Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
Sriprema Real Estate INC
Sriprema Real Estate INC
since 2025
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
B · Lavale, 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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
$3,035,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $3.00M (Dec 31 2025)
Last sale anchor
$3.00M
Dec 31 2025
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
$522 / 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
$28,946
Tax year 2023
Assessed value
$2,662,900
Assessed 2023
Previous assessed
$2,191,133
+21.5% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,177,800
Improvement market value
$2,039,900
Total market value
$3,217,700
Applied tax rate
29.0000
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
For Sale
Year built
1982
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,762 SF
Lot
1.35 ac (58,893 SF)
Zoning code
B
APN
29-043248
UPID
US40-1353771
Jurisdiction
ALLEGANY
Zoning & alternative use
B · Lavale, MD
Zoning B · permitted uses
B · Lavale, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lavale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Sriprema Real Estate INC
Entity
Free & Clear · 0 yrs held
Mailing address
200 S BISCAYNE BLVD, MIAMI, FL 33131-2310
Ownership since
2025
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
Dec 31, 2025
$3,000,000
Sriprema Real Estate INC
Cot Bob 44 Holdco LLC
Special Warranty Deed
—
Jul 7, 2023
$3,366,914
Holdco LLC
Absprop001 LLC
Special Warranty Deed
—
Jun 27, 2019
$3,700,000
Afn Absprop001 LLC
Arg Be23prop02 LLC
Grant Deed
$3,240,296 · Citibank
Sep 18, 2018
$3,547,826
Arg Be23prop02 LLC
Ber R/e Invs I LLC
Grant Deed
—
Jul 7, 2017
—
Ber Real Est Invs II LLC
—
Grant Deed
related
$2,418,122 · Wells Fargo Bk
Jun 16, 2017
$2,569,792
Ber Real Est Invs II LLC
Bob Evans Farms LLC
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.
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?”
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.
