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Property profile & analytics
OFF-MARKET
Turn key restaurants
1500 Chesapeake Clb Dr, North East, MD 21901-4724
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1599931
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
BRICK
Total area
10,128 SF
Lot
103.92 ac (4,526,886 SF)
Zoning code
SPLIT
APN
05-099013
UPID
US40-1599931
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chesapeake Club Developers LLC · 1 yrs held
Chesapeake Club Developers LLC
since 2024
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
SPLIT · North East, 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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,384
Tax year 2023
Assessed value
$759,100
Assessed 2023
Previous assessed
$759,100
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$103,900
Assessed improvement
$655,200
Land market value
$103,900
Improvement market value
$655,200
Total market value
$759,100
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
1997
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
2
Units
2
Total area
10,128 SF
Lot
103.92 ac (4,526,886 SF)
Zoning code
SPLIT
APN
05-099013
UPID
US40-1599931
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
SPLIT · North East, MD
Zoning SPLIT · permitted uses
SPLIT · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Buildings
2
Units
2
Lot
103.92 ac
Current owner
From public records · entity-resolved
Chesapeake Club Developers LLC
Entity
Mailing address
2 MCCULLOUGH DR STE 1A, NEW CASTLE, DE 19720-2092
Ownership since
2024
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
Dec 9, 2025
—
Chesapeake Club Developers LLC
—
Deed
related
$1,039,500 · Nvr Mortgage Finance INC
Jul 24, 2024
$3,400,000
Chesapeake Club Developers LLC
North East Developers LLC
Deed
$1,881,000 · Peoples Bank
Sep 28, 2021
$300,000
North East Developers LLC
Chesapeak3e Bay Golf Club
Deed
—
Feb 6, 2018
—
North East Developers LLC
—
Deed
related
$250,000 · Wilmington Savings Fund Society Fsb
Sep 28, 2017
—
North East Developers LLC
—
Deed
related
$50,000 · Wilimgton Savings Fund Society Fsb
Aug 25, 2017
$300,000
North East Developers LLC
Chesapeake Bay Golf Club
Grant Deed
—
—
—
Chesapeake Bay Golf Club LP
—
Deed Of Trust
related
$6,750,000 · Royal Bank America
—
—
Chesapeake Bay Golf Club
—
Deed Of Trust
related
$300,000 · Royal Bank America
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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