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Property profile & analytics
OFF-MARKET
Community centers
2525 Augustine Herman Hwy, Chesapeake City, MD 21915-1424
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0090152
Property summary
AI-generated overview
South Village, a prime retail investment opportunity, is a fully leased shopping center located at 2525 Augustine Herman Hwy, Chesapeake City, MD 21915. This 29,000 square foot center boasts a 6.5% capitalization rate and a strong net operating income (NOI) of $462,063, with an asking price of $7,108,669 ($245.13/sq ft). The property features four separate buildings, including one with a drive-through configuration, strategically positioned just south of the C&D Canal for optimal visibility and traffic flow along Augustine Herman Highway. The center enjoys 100% occupancy with a diverse mix of tenants. This property is part of a portfolio of four retail centers available for individual or package purchase. Detailed tenant information is available upon execution of a confidentiality agreement. Please refrain from contacting or disturbing the tenants.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Construction
WOOD
Total area
11,986 SF
Lot
1.44 ac (62,726 SF)
Zoning code
GC
APN
02-020742
UPID
US40-0090152
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
-
JOJO'S DINER Restaurant
-
Lori Cichocki - Coldwell Banker Chesapeake Real Estate Real Estate Agency
-
Beau Cox, Mortgage Lender-Nations Lending Loan Service Bank
-
Jay McCall , Realtor - Coldwell Banker Chesapeake Real Estate Agency
-
Wolfe Title & Escrow LLC Title Company
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
Nick & Alex LLC · 11 yrs held
Nick & Alex LLC
since 2014
7 recorded transactions
Zoning & alternative use
GC · Chesapeake City, 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 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
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
$22,911
Tax year 2023
Assessed value
$1,401,800
Assessed 2023
Previous assessed
$1,394,900
+0.5% YoY
Effective rate
1.63%
On assessed value
Land market value
$324,000
Improvement market value
$1,084,700
Total market value
$1,408,700
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Units
1
Total area
11,986 SF
Lot
1.44 ac (62,726 SF)
Zoning code
GC
APN
02-020742
UPID
US40-0090152
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Chesapeake City, MD
Zoning GC · permitted uses
GC · 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.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Nick & Alex LLC
Entity
Mailing address
13001 RIGGIN RDG RD, OCEAN CITY, MD 21842-9717
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Nick & Alex LLC
—
Deed
related
$1,000,000 · Artisans Bank
Jan 24, 2023
—
Nick & Alex LLC
—
Deed
related
$5,000,000 · Artisans Bank
Aug 28, 2014
—
Nick & Alex LLC
Geracimos Investments LP
Deed
$8,700,000 · Walker & Dunlop Commercial Property Fund
Jun 2, 2011
—
Geracimos Investments LP
—
Deed Of Trust
related
$2,150,000 · Wilmington Savings Fund Societ
Jun 1, 2011
—
Geracimos Investments LP
—
Deed Of Trust
related
$2,150,000 · Wilmington Savings Fund Societ
Aug 17, 2009
—
Geracimos Investments
—
Deed Of Trust
related
$1,488,575 · Nbrs Financial Bank
Feb 15, 2007
—
Geracimos Investments
—
Trustees Deed
related
$190,000 · Nbrs Financial Bank
Aug 9, 2006
—
Geracimos Investments
Geracimos LLC
Quit Claim Deed
related
—
May 12, 2006
—
Geracimos LLC
Geracimos LLC
Quit Claim Deed
related
—
Jun 14, 2005
$325,000
Geracimos LLC
Tall Cotton Holdings LLC
Grant Deed
—
Mar 25, 2003
$250,000
Tall Cotton Holdings LLC
213 Investments LLC
Grant Deed
related
$232,000 · County Banking & Trust Co
Feb 25, 2002
$200,000
213 Investments LLC
Miller,mark & Deborah
Grant Deed
$160,000 · County Banking & Trust Co
Apr 6, 2000
$150,000
Mark Miller
Mangano,matthew R & Carol D
Grant Deed
$130,000 · Seller
—
—
Geracimos LLC
—
Deed Of Trust
related
$60,000 · Nbrs Financial Bank
—
—
Geracimos Investments
—
Deed Of Trust
related
$10,000 · Nbrs Financial Bank
—
—
Geracimos Investments
—
Deed Of Trust
related
$182,317 · Nbrs Financial Bank
—
—
Mark Miller
—
Deed Of Trust
related
$50,000 · First National Bank North East
—
—
Tall Cotton Holdings LLC
—
Deed Of Trust
related
$110,000 · County Banking & Trust Co
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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