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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
225 Bohemia Ave, Chesapeake City, MD 21915-1243
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-1310785
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,500 SF
Lot
0.08 ac (3,527 SF)
Zoning code
VC
APN
02-000814
UPID
US40-1310785
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
-
Nations Lending - Chesapeake City, MD Branch - NMLS: 1710470 Loan Service Bank
-
Prime 225 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$493k
Blend (final)
Blend
$510k
Owner & transaction history
Bbtc LLC · 11 yrs held
Bbtc LLC
since 2015
7 recorded transactions
Zoning & alternative use
VC · Chesapeake City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$680,000
+53.2%
Retail stores
$665,000
+50.1%
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 Chesapeake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$445,000
Current use
OFFICE BUILDING
$680,000
Change: +53% · Conversion: Easy
RETAIL STORES
$665,000
Change: +50% · Conversion: Easy
WAREHOUSE, STORAGE
$400,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$146 / 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
$6,552
Tax year 2023
Assessed value
$400,900
Assessed 2023
Previous assessed
$396,500
+1.1% YoY
Effective rate
1.63%
On assessed value
Land market value
$140,200
Improvement market value
$265,100
Total market value
$405,300
Applied tax rate
20.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
1
Total area
3,500 SF
Lot
0.08 ac (3,527 SF)
Zoning code
VC
APN
02-000814
UPID
US40-1310785
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
VC · Chesapeake City, MD
Zoning VC · permitted uses
VC · Chesapeake City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$445,000
OFFICE BUILDING
Est. value
$680,000
RETAIL STORES
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$400,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Bbtc LLC
Entity
Mailing address
833 S DUPONT BLVD, MILFORD, DE 19963-2232
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Bbtc LLC
—
Deed
related
$1,725,000 · Wilmington Savings Fund Society Fsb
Apr 27, 2020
—
Bbtc LLC
—
Deed
related
$346,000 · M & T Bank
Jun 1, 2015
$320,000
Bbtc LLC
Phoenix Two Yacht Club LLC
Deed
$240,000 · M & T Bank
May 31, 2000
$153,000
Phoenix Two LLC
Cooling,walter F
Grant Deed
$175,000 · Peoples Bank Of Elkton
—
—
Pheonix Two LLC
—
Deed Of Trust
related
$25,000 · First National Bank North East
—
—
Phoenix Two Yacht Club LLC
—
Deed Of Trust
related
$225,000 · Cecil Fsb
—
—
Phoenix Two Yacht Club LLC
—
Deed Of Trust
related
$35,000 · Nbrs Financial Bank
—
—
Phoenix Two Yacht Club LLC
—
Deed Of Trust
related
$25,000 · Cecil Fsb
—
—
Phoenix Two Yacht Club LLC
—
Deed Of Trust
related
$25,000 · Nbrs Financial Bank
—
—
Phoenix Two Yacht Club LLC
—
Deed Of Trust
related
$250,000 · Nbrs Financial Bank
—
—
Phoenix Two Yacht Club LLC
—
Deed Of Trust
related
$109,000 · Cecil Federal 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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