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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Turn key restaurants
131 Vfw Ave, Grasonville, MD 21638-1054
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US40-1552990
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2018
Total area
4,320 SF
Lot
3.65 ac (158,994 SF)
Zoning code
UC
APN
05-036313
UPID
US40-1552990
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
-
Denny's Restaurant
-
The Meltdown Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$580k
Owner & transaction history
Grasonville Hospitality Manage · 18 yrs held
Grasonville Hospitality Manage
since 2008
4 recorded transactions
Zoning & alternative use
UC · Grasonville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+149.9%
Office building
$670,000
+73.8%
Auto repair, garage
$625,000
+62.6%
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 Grasonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grasonville 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
$385,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +150% · Conversion: Easy
OFFICE BUILDING
$670,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$625,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +62% · Conversion: Easy
WAREHOUSE, STORAGE
$470,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$134 / 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
$20,302
Tax year 2023
Assessed value
$2,155,200
Assessed 2023
Previous assessed
$2,049,300
+5.2% YoY
Effective rate
0.94%
On assessed value
Land market value
$1,278,200
Improvement market value
$982,900
Total market value
$2,261,100
Applied tax rate
5.0000
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
2018
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,320 SF
Lot
3.65 ac (158,994 SF)
Zoning code
UC
APN
05-036313
UPID
US40-1552990
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
UC · Grasonville, MD
Zoning UC · permitted uses
UC · Grasonville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grasonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$960,000
OFFICE BUILDING
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$625,000
RETAIL STORES
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$470,000
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2018
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.65 ac
Current owner
From public records · entity-resolved
Grasonville Hospitality Manage
Individual
Mailing address
6251 WASHINGTON BLVD, ELKRIDGE, MD 21075-5236
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2018
—
Grasonville Hospitality Management
—
Deed
related
$3,040,000 · 1880 Bank
Mar 23, 2017
—
Gransonville Hospitality Management
—
Deed
related
$2,554,000 · 1880 Bank
May 5, 2008
$1,850,000
Grasonville Hospitality Manage
Thompson Hotels INC
Grant Deed
$1,850,000 · Pnc Bank
Oct 6, 2003
—
Billy R Combs
—
Deed Of Trust
related
$1,640,000 · National City Mortgage Co
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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