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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Turn key restaurants
12201 Winchester SW Rd, Lavale, MD 21502-6545
Entity Owned
12-yr Hold
Free & Clear
Property ID
US40-1270025
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,670 SF
Lot
2.17 ac (94,525 SF)
Zoning code
B
APN
29-022879
UPID
US40-1270025
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
-
Applebee's Grill + Bar 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
$805k
Owner & transaction history
Store Master Funding IV LLC · 12 yrs held
Store Master Funding IV LLC
since 2013
7 recorded transactions
Zoning & alternative use
B · Lavale, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$825,000
+25.2%
Commercial (general)
$825,000
+24.9%
Auto repair, garage
$665,000
+0.6%
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 Lavale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lavale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$660,000
Current use
RETAIL STORES
$825,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$825,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
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
$142 / 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
$28,576
Tax year 2023
Assessed value
$2,628,900
Assessed 2023
Previous assessed
$2,628,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,564,000
Assessed improvement
$1,064,900
Land market value
$1,564,000
Improvement market value
$1,064,900
Total market value
$2,628,900
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
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,670 SF
Lot
2.17 ac (94,525 SF)
Zoning code
B
APN
29-022879
UPID
US40-1270025
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$660,000
RETAIL STORES
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$665,000
MEDICAL BUILDING
Est. value
$645,000
OFFICE BUILDING
Est. value
$625,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.17 ac
Current owner
From public records · entity-resolved
Store Master Funding IV LLC
Entity
Free & Clear · 12 yrs held
Mailing address
13873 PARK CTR RD STE #316, HERNDON, VA 20171-3247
Ownership since
2013
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
Oct 17, 2013
$3,180,000
Store Master Funding IV LLC
Noble Ap IV Ltd
Grant Deed
related
—
Feb 27, 2013
—
Potomac Family Dining Group Op
—
Deed Of Trust
related
$38,800,000 · General Electric Capital Corp
Nov 1, 2012
—
Noble Ap Vi Ltd
—
Deed Of Trust
related
$5,753,439 · Bank United
Dec 30, 2009
$2,316,000
Noble Ap IV Ltd
Dbapplef LLC
Grant Deed
—
Jun 30, 2008
$2,292,053
Pplef LLC
Aov Transitory Merger Sub LLC
Grant Deed
$1,630,000 · Wells Fargo Bank
Nov 30, 2007
—
Aov Transitory Merger Sub LLC
Applebees Of Virginia INC
Grant Deed
related
—
May 25, 2004
$800,000
Applebees Of Virginia INC
Svv Associates
Grant Deed
—
—
—
Noble Ap IV Ltd
—
Deed Of Trust
related
$5,923,801 · Bank United
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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