New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Turn key restaurants
1701 Poplar Rdg Rd, Pasadena, MD 21122-3717
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-1328351
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Construction
BRICK
Total area
7,366 SF
Lot
22.17 ac (965,725 SF)
Zoning code
MB
APN
03-000-04471915
UPID
US40-1328351
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
$1.47M
Owner & transaction history
St Pleasure Cove LLC · 11 yrs held
St Pleasure Cove LLC
since 2014
7 recorded transactions
Zoning & alternative use
MB · Pasadena, 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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
$199 / 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
$99,455
Tax year 2023
Assessed value
$9,107,600
Assessed 2023
Previous assessed
$9,107,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,485,900
Assessed improvement
$4,621,700
Land market value
$4,485,900
Improvement market value
$4,621,700
Total market value
$9,107,600
Applied tax rate
3.0000
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
2011
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
3
Bathrooms
1
Total area
7,366 SF
Lot
22.17 ac (965,725 SF)
Zoning code
MB
APN
03-000-04471915
UPID
US40-1328351
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MB · Pasadena, MD
Zoning MB · permitted uses
MB · Pasadena, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
3
Bathrooms
1
Lot
22.17 ac
Current owner
From public records · entity-resolved
St Pleasure Cove LLC
Entity
Mailing address
17330 PRESTON RD220A, DALLAS, TX 75252-5728
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2018
—
St Pleasure Cove LLC
—
Deed
related
$5,389,611 · American Bk/tx
Dec 31, 2014
$9,000,000
St Pleasure Cove LLC
Pleasure Cove Marina LLC
Grant Deed
related
$6,000,000 · American Bk/tx
Dec 30, 1999
—
Marina Pleasure Cove
Herson,gerald
Grant Deed
related
—
—
—
Pleasure Cove Marina LLC
—
Loan Modification
related
$8,625,000 · Branch Bk&tr
—
—
Gerald Herson
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
—
—
Pleasure Cove Marina LLC
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
—
—
St Pleasure Cove LLC
—
Loan Modification
related
$5,389,611 · American Bk/tx
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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