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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Drive through restaurants
2163 Defense Hwy Crofton, MD 21114-2401
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1165124
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1996
Construction
BRICK
Total area
1,176 SF
Lot
0.16 ac (6,882 SF)
Zoning code
C3
APN
02-000-02420800
UPID
US40-1165124
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
-
Rita's Italian Ice & Frozen Custard Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
Modern International Enterprises In · 4 yrs held
Modern International Enterprises In
since 2021
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
C3 · Crofton, 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 Crofton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crofton 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
$3,160,000
ML approach
$3,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10% · vs last sale $2.36M (Oct 21 2021)
Last sale anchor
$2.36M
Oct 21 2021
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
$2,326 / 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
$3,330
Tax year 2023
Assessed value
$304,900
Assessed 2023
Previous assessed
$304,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$252,700
Assessed improvement
$52,200
Land market value
$252,700
Improvement market value
$52,200
Total market value
$304,900
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Total area
1,176 SF
Lot
0.16 ac (6,882 SF)
Zoning code
C3
APN
02-000-02420800
UPID
US40-1165124
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Crofton, MD
Zoning C3 · permitted uses
C3 · Crofton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crofton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Modern International Enterprises In
Entity
Mailing address
1616 MARTHA TER, ROCKVILLE, MD 20852-4133
Ownership since
2021
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 21, 2021
$2,360,000
Modern International Enterprises In
Summer Associates Limited Partnersh
Deed
$1,416,000 · M & T Bank
Sep 17, 1997
$122,000
Summer Associates LP
Crofton Hut Lc
Grant Deed
$97,600 · Fcnb Bank
Sep 12, 1997
$122,000
Summer Associates Ltd Ptnshp
Crofton,hut L C
Grant Deed
$97,600
—
—
Summer Associates
—
Deed Of Trust
related
$140,000 · Branch Banking & Trust Co
—
—
Summer Associates
—
Deed Of Trust
related
$150,000 · Sandy Spring Bank
—
—
Summer Associates
—
Deed Of Trust
related
$173,930 · Sandy Spring Bank
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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