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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Grocery and convenience stores
13 6th St, Ridgely, MD 21660-1958
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0885058
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Construction
BRICK
Total area
4,500 SF
Lot
0.62 ac (27,000 SF)
Zoning code
C1
APN
07-001711
UPID
US40-0885058
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
-
Connolly's Exxon Restaurant
-
CONNOLLY'S MARKET Gas Station
-
Sunnybrite (Bike/Boat/Book/etc) Store
-
Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Aso Ridgely LLC · 2 yrs held
Aso Ridgely LLC
since 2023
Last sale
$675,000
5 recorded transactions
Zoning & alternative use
C1 · Ridgely, 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 Ridgely submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgely 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
$705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$615,000
Change: 0% · Conversion: Easy
RETAIL STORES
$515,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$440,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Oct 19 2023)
Last sale anchor
$675k
Oct 19 2023
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
$150 / 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
$10,256
Tax year 2023
Assessed value
$670,233
Assessed 2023
Previous assessed
$670,233
+0.0% YoY
Effective rate
1.53%
On assessed value
Land market value
$168,700
Improvement market value
$505,400
Total market value
$674,100
Applied tax rate
70.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
4,500 SF
Lot
0.62 ac (27,000 SF)
Zoning code
C1
APN
07-001711
UPID
US40-0885058
Jurisdiction
CAROLINE
Zoning & alternative use
C1 · Ridgely, MD
Zoning C1 · permitted uses
C1 · Ridgely, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgely. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$615,000
RETAIL STORES
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$440,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1968
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Aso Ridgely LLC
Entity
Mailing address
103 LISTER LN, RIDGELY, MD 21660-1943
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
$675,000
Aso Ridgely LLC
Clearview 13 LLC
Deed
—
Jan 19, 2018
—
Clearview 13 LLC
—
Deed
related
—
Nov 10, 2016
$430,000
Clearview 13 LLC
Lee,sang C & Youl
Grant Deed
—
Jan 20, 1999
$250,000
Sang Chul Lee
Ivens,ricky A
Grant Deed
related
$400,000 · Peoples Bk/md
—
—
Sang C Lee
—
Deed Of Trust
related
$585,000 · Mercantile Eastern Shore 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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