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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Investment properties
202 Cherry St, St Michaels, MD 21663
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0144112
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1860
Construction
FRAME
Total area
3,640 SF
Lot
0.26 ac (11,315 SF)
APN
02-062704
UPID
US40-0144112
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
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Sellier Summer Inn LLC · 1 yrs held
Sellier Summer Inn LLC
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
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 St Michaels submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Michaels 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
$2,475,000
ML approach
$2,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $2.48M (Sep 4 2024)
Last sale anchor
$2.48M
Sep 4 2024
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
$680 / 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
$16,846
Tax year 2023
Assessed value
$1,559,400
Assessed 2024
Previous assessed
$1,559,400
+0.0% YoY
Effective rate
1.08%
On assessed value
Land market value
$954,700
Improvement market value
$758,500
Total market value
$1,713,200
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1860
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Stories
3
Units
1
Bathrooms
7
Total area
3,640 SF
Lot
0.26 ac (11,315 SF)
APN
02-062704
UPID
US40-0144112
Jurisdiction
TALBOT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1860
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
3
Units
1
Bathrooms
7
Lot
0.26 ac
Current owner
From public records · entity-resolved
Sellier Summer Inn LLC
Entity
Free & Clear · 1 yrs held
Mailing address
202 CHERRY ST, GREAT FALLS, VA 22066
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$2,475,000
Sellier Summer Inn LLC
Richard P Beavers
Deed
—
Mar 20, 2023
—
Richard P Beavers
—
Deed
related
—
Apr 19, 2021
—
Richard P Beavers
—
Deed
related
$1,920,848 · Hebron Savings Bank
Jan 29, 2021
—
Richard P Beavers
—
Deed
related
$1,500,000 · Hebron Svgs Bk
Apr 2, 2020
—
Richard P Beavers
—
Deed
related
$100,000 · Revere Bank
Oct 28, 2019
$1,004,000
Richard P Beavers
Hambleton Inn LLC
Deed
$800,000 · Revere Bank
Mar 9, 2006
$1,100,000
Hambleton Inn LLC
202 Cherry Street LLP
Grant Deed
$750,000 · Carrollton Bank
—
—
202 Cherry Street LLC
—
Deed Of Trust
related
$37,000 · St Michaels Bank
—
—
Richard P Beavers
—
Deed Of Trust
related
$1,500,000 · Hebron Svgs 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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