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Property profile & analytics
OFF-MARKET
Estimated value
$5,590,000
Turn key restaurants
1440 Handlir Dr, Bel Air, MD 21015-6600
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0149463
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
BRICK
Total area
9,903 SF
Lot
2.98 ac (129,809 SF)
Zoning code
B2 B3
APN
01-302698
UPID
US40-0149463
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
-
Cracker Barrel Old Country Store Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.59M
Owner & transaction history
Tp Fourtneen LLC · 3 yrs held
Tp Fourtneen LLC
since 2023
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
B2 B3 · Bel Air, 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 Bel Air submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bel Air 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
$5,705,000
ML approach
$5,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,460,000
Current use
Blend value · Realmo final
$5.59M
Range $5.03M – $6.15M · ±10% · vs last sale $5.56M (Apr 14 2023)
Last sale anchor
$5.56M
Apr 14 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
$564 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$23,867
Tax year 2022
Assessed value
$2,189,800
Assessed 2023
Previous assessed
$2,189,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,287,000
Assessed improvement
$902,800
Land market value
$1,287,000
Improvement market value
$902,800
Total market value
$2,189,800
Applied tax rate
1.0000
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
1997
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
9,903 SF
Lot
2.98 ac (129,809 SF)
Zoning code
B2 B3
APN
01-302698
UPID
US40-0149463
Jurisdiction
HARFORD
Zoning & alternative use
B2 B3 · Bel Air, MD
Zoning B2 B3 · permitted uses
B2 B3 · Bel Air, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bel Air. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.5M
RESTAURANT Current
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
1997
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.98 ac
Current owner
From public records · entity-resolved
Tp Fourtneen LLC
Entity
Free & Clear · 3 yrs held
Mailing address
888 17TH ST NW STE #210, WASHINGTON, DC 20006-3313
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
Apr 14, 2023
$5,560,291
Tp Fourtneen LLC
Cb Portfolio Owner LLC
Special Warranty Deed
—
Jan 27, 2023
—
Cb Portfolio Owner LLC
Cb Portfolio Owner LLC
Intrafamily Transfer
related
—
Sep 16, 2020
$38,692
Cb Portfolio Owner LLC
Cs Remainder II LLC
Grant Deed
—
Sep 16, 2020
$3,830,568
Cb Portfolio Owner LLC
Country Stores Property II LLC
Grant Deed
—
Nov 13, 2000
$2,486,316
Country Stores Property II LLC
Cracker Barrel Old Country
Grant Deed
related
—
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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