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Property profile & analytics
OFF-MARKET
Estimated value
$2,915,000
Turn key restaurants
16401 Heritage Blvd Bowie, MD 20716-3170
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0361172
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Construction
BRICK
Total area
5,332 SF
Lot
2.08 ac (90,605 SF)
Zoning code
TACE
APN
07-3267127
UPID
US40-0361172
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
-
Raising Cane's Chicken Fingers Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$2.92M
Owner & transaction history
Kasada LLC · 1 yrs held
Kasada LLC
since 2024
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
TACE · Bowie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.2M
+25.6%
Industrial (general)
$3.5M
+6.8%
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 Bowie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowie 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
$3,230,000
ML approach
$2,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,305,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,150,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,530,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.92M
Range $2.62M – $3.21M · ±10% · vs last sale $2.75M (Jan 18 2022)
Last sale anchor
$2.75M
Jan 18 2022
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
$547 / 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
$36,515
Tax year 2023
Assessed value
$2,673,100
Assessed 2023
Previous assessed
$3,014,500
-11.3% YoY
Effective rate
1.37%
On assessed value
Assessed land
$2,466,400
Assessed improvement
$206,700
Land market value
$2,466,400
Improvement market value
$206,700
Total market value
$2,673,100
Applied tax rate
77.0000
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
2000
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,332 SF
Lot
2.08 ac (90,605 SF)
Zoning code
TACE
APN
07-3267127
UPID
US40-0361172
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
TACE · Bowie, MD
Zoning TACE · permitted uses
TACE · Bowie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bowie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2000
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Kasada LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6800 S BISHOP RD, PLANO, TX 75024-4274
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Kasada LLC
—
Deed
related
$300,000,000 · Capital One NA
Aug 5, 2024
$6,166,291
Kasada LLC
Raising Canes Restaurants LLC
Special Warranty Deed
—
Jan 18, 2022
$2,750,802
Raising Canes Restaurants LLC
Chesapeake Foods INC
Special Warranty Deed
—
Dec 29, 1999
$1,274,398
Chesapeake Foods INC
Nli/plc/maco LP
Grant Deed
—
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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