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Property profile & analytics
OFF-MARKET
Community centers
2533 Augustine Herman Hwy, Chesapeake City, MD 21915-1414
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0049334
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2009
Construction
WOOD
Total area
9,344 SF
Lot
0.66 ac (28,880 SF)
Zoning code
BG
APN
02-013401
UPID
US40-0049334
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
-
Dockside Dental Dental Office
-
Family Medical Care Associates Medical Clinic
-
Dental Technology Specialists Dental Office
-
Lil' Einstein's Learning Academy Daycare Center
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Dockside Dental: Dr John Phillips Dental Office
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
BG · 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
$17,570
Tax year 2023
Assessed value
$1,075,000
Assessed 2023
Previous assessed
$1,069,000
+0.6% YoY
Effective rate
1.63%
On assessed value
Land market value
$206,600
Improvement market value
$874,400
Total market value
$1,081,000
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
2009
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Units
1
Total area
9,344 SF
Lot
0.66 ac (28,880 SF)
Zoning code
BG
APN
02-013401
UPID
US40-0049334
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BG · Chesapeake City, MD
Zoning BG · permitted uses
BG · 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
2009
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Nick & Alex LLC
Entity
Free & Clear · 11 yrs held
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
12 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
—
May 4, 2012
—
Janice A Antonio
Antonio,marie D & Michael
Quit Claim Deed
related
—
Jan 5, 2009
—
Geracimos Investments
—
Deed Of Trust
related
$1,850,000 · Manufacturers Traders & Trust
Jan 2, 2007
$700,000
Geracimos Investments
Canal Plaza LLC
Grant Deed
$775,000 · Mercantile County Bank
Oct 4, 2005
$450,000
Canal Plaza LLC
Hariom LLC
Grant Deed
—
Oct 29, 2002
$300,000
Hariom LLC
Chesapeake Haven Land Corp
Grant Deed
$350,000 · Chestertown Bank Maryland
—
—
Geracimos Investments LP
—
Deed Of Trust
related
$5,404,000 · Wilmington Savings Fund Societ
—
—
Chesapeake Haven Land Corp
—
Deed Of Trust
related
$100,000 · First National Bank North East
—
—
Chesapeake Haven Land Corp
—
Deed Of Trust
related
$35,000 · County Banking & Trust Co
—
—
Geracimos Investments
—
Deed Of Trust
related
$5,900,000 · Manufacturers Traders & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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