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Property profile & analytics
OFF-MARKET
Turn key restaurants
202 Ctr St Frostburg, MD 21532-2202
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-2350263
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
FRAME
Total area
1,984 SF
Lot
0.2 ac (8,550 SF)
Zoning code
C1
APN
28-007108
UPID
US40-2350263
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
-
JML Homes Inc. Corporate Office
-
Beach house Restaurant
-
The Beach Club of Frostburg Bar & Pub
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
Jml Homes INC · 6 yrs held
Jml Homes INC
since 2019
6 recorded transactions
Zoning & alternative use
C1 · Frostburg, 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 Frostburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frostburg 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
$1,490
Tax year 2023
Assessed value
$147,533
Assessed 2023
Previous assessed
$128,300
+15.0% YoY
Effective rate
1.01%
On assessed value
Land market value
$29,900
Improvement market value
$156,100
Total market value
$186,000
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
1,984 SF
Lot
0.2 ac (8,550 SF)
Zoning code
C1
APN
28-007108
UPID
US40-2350263
Jurisdiction
ALLEGANY
Zoning & alternative use
C1 · Frostburg, MD
Zoning C1 · permitted uses
C1 · Frostburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frostburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jml Homes INC
Entity
Free & Clear · 6 yrs held
Mailing address
13011 GRAMLICH RD SW, LAVALE, MD 21502-6117
Ownership since
2019
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
Oct 1, 2019
$40,000
Jml Homes INC
Gregory D Roger|byrnes
Trustees Deed
—
Dec 18, 2008
$148,000
Gregory D Byrnes
Grant,eric & Janet
Grant Deed
$118,400 · First National Bank Mercersbur
Jun 21, 2006
$140,000
Eric Grant
Garlitz,jack W
Grant Deed
$133,000 · Wmc Mortgage Corp
—
—
Jack W Garlitz
—
Deed Of Trust
related
$76,000 · Lehman Brothers Bank Fsb
—
—
Jack W Garliotz
—
Deed Of Trust
related
$19,000 · Union Planters National Bank
—
—
Jack W Garlitz
—
Deed Of Trust
related
$72,000 · Greenpoint Mortgage Funding
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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