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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Drive through restaurants
1631 Joppa Rd Towson, MD 21286-2122
Entity Owned
~
Est. High Equity
Property ID
US40-1734178
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1945
Construction
FRAME
Total area
4,200 SF
Lot
0.26 ac (11,528 SF)
Zoning code
BRCNS
APN
09-2200020785
UPID
US40-1734178
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
$1.25M
Blend (final)
Blend
$955k
Owner & transaction history
1631 E Joppa Re LLC
1631 E Joppa Re LLC
since 2026
6 recorded transactions
Zoning & alternative use
BRCNS · Towson, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$970,000
+1.5%
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 Towson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Towson 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
$955,000
Current use
AUTO REPAIR, GARAGE
$970,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: -10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$227 / 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
$5,559
Tax year 2023
Assessed value
$877,900
Assessed 2023
Previous assessed
$864,700
+1.5% YoY
Effective rate
0.63%
On assessed value
Land market value
$282,600
Improvement market value
$621,700
Total market value
$904,300
Applied tax rate
9.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,200 SF
Lot
0.26 ac (11,528 SF)
Zoning code
BRCNS
APN
09-2200020785
UPID
US40-1734178
Jurisdiction
BALTIMORE
Zoning & alternative use
BRCNS · Towson, MD
Zoning BRCNS · permitted uses
BRCNS · Towson, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Towson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$970,000
OFFICE BUILDING
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1945
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
1631 E Joppa Re LLC
Entity
Mailing address
39 BRETT MNR CT, HUNT VALLEY, MD 21030-1228
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
$1,820,000
1631 E Joppa Re LLC
Joppa Sdi Three LLC
Deed
$1,456,000 · M & T Bank
Nov 7, 2018
—
Sdi Three LLC
—
Grant Deed
related
$1,230,000 · Chesapeake Busn Fin
Oct 26, 2017
—
Joppa Sdi Three LLC
1631 E Joppa Road LLC
Quit Claim Deed
related
$1,200,000 · Hamilton Bk
Aug 8, 2017
$1,000,000
Joppa Sdi Three LLC
1631 E Joppa Road LLC
Grant Deed
$900,000 · 1631 E Joppa Road LLC
—
—
Joppa Sdi Three LLC
—
Deed Of Trust
related
$1,500,000 · Hamilton Bk
—
—
Joppa Sdi Three LLC
—
Deed Of Trust
related
$1,200,000 · Hamilton Bk
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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