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Property profile & analytics
OFF-MARKET
Drive through restaurants
261 Belle Hl Rd Elkton, MD 21921-5132
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0088612
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1999
Construction
BRICK
Total area
1,679 SF
Lot
1.09 ac (47,480 SF)
Zoning code
C3
APN
03-108295
UPID
US40-0088612
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
-
Waffle House Restaurant
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
East Coast Waffles INC · 11 yrs held
East Coast Waffles INC
since 2014
7 recorded transactions
Zoning & alternative use
C3 · Elkton, MD
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 Elkton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkton 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
$17,330
Tax year 2023
Assessed value
$996,000
Assessed 2023
Previous assessed
$996,000
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$817,500
Assessed improvement
$178,500
Land market value
$817,500
Improvement market value
$178,500
Total market value
$996,000
Applied tax rate
30.0000
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
1999
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,679 SF
Lot
1.09 ac (47,480 SF)
Zoning code
C3
APN
03-108295
UPID
US40-0088612
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
C3 · Elkton, MDZoning C3 · permitted uses
C3 · Elkton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
The Mayor and Commissioners
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
East Coast Waffles INC
Entity
Free & Clear · 11 yrs held
Mailing address
5986 FINANCIAL DR, NORCROSS, GA 30071-2949
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2014
$517,311
East Coast Waffles INC
1885 Lllp
Grant Deed
—
Mar 27, 2006
$909,622
1885, Lllpc
Martin Family Holdings, LLC
Deed
—
Mar 27, 2006
$225,000
Martin Family Holdings LLC
Martin,john R
Grant Deed
—
—
—
1885 Lllp
—
Deed Of Trust
related
$1,470,738 · Georgia Trust Bank
—
—
1885 Lllp
—
Deed Of Trust
related
$1,390,326 · Georgia Trust Bank
—
—
John R Martin
—
Deed Of Trust
related
$350,000 · Rabun County Bank
—
—
John R Martin
—
Deed Of Trust
related
$570,000 · Rabun County 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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