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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Turn key restaurants
29311 Cecil Dr, Easton, MD 21601-7058
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0322731
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Construction
WOOD
Total area
7,670 SF
Lot
3.43 ac (149,411 SF)
Zoning code
A1
APN
01-063618
UPID
US40-0322731
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
-
Austin Medical Supplies Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.51M
Owner & transaction history
29311 Cecil Drive LLC · 3 yrs held
29311 Cecil Drive LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
A1 · Easton, 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 Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton 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
$3,300,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,730,000
Current use
MEDICAL BUILDING
$1,520,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±10% · vs last sale $2.50M (Feb 24 2023)
Last sale anchor
$2.50M
Feb 24 2023
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
$327 / 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
$14,097
Tax year 2023
Assessed value
$1,951,200
Assessed 2023
Previous assessed
$1,921,800
+1.5% YoY
Effective rate
0.72%
On assessed value
Land market value
$1,112,000
Improvement market value
$868,600
Total market value
$1,980,600
Applied tax rate
1.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
7,670 SF
Lot
3.43 ac (149,411 SF)
Zoning code
A1
APN
01-063618
UPID
US40-0322731
Jurisdiction
TALBOT
Zoning & alternative use
A1 · Easton, MD
Zoning A1 · permitted uses
A1 · Easton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Easton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
RESTAURANT Current
MEDICAL BUILDING
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
2012
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.43 ac
Current owner
From public records · entity-resolved
29311 Cecil Drive LLC
Entity
Free & Clear · 3 yrs held
Mailing address
10757 YORK RD, COCKEYSVILLE, MD 21030-2114
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
$2,500,000
29311 Cecil Drive LLC
Gannon Family LLC
Deed
—
Oct 8, 2013
—
Gannon Family LLC
Gannon Family LP
Quit Claim Deed
—
Feb 20, 2013
—
Town Of Easton
Gannon Family Ptshp
Grant Deed
—
Feb 23, 2012
—
Kts Ents INC
—
Trustees Deed
related
$186,170 · Quadrant Financial INC
Sep 30, 2011
—
Gannon Family LP
Gannon Family LP
Quit Claim Deed
related
$2,090,000 · First Chatham Bank
Sep 20, 2011
—
Town Of Easton
Gannon Family LP
Grant Deed
related
—
Nov 21, 2000
$625,000
Lthakorbahai H Desai
Gannon Family LP
Grant Deed
$513,000 · Talbot Bank Of Easton
—
—
Kts Enterprises INC
—
Deed Of Trust
related
$2,338,000 · First Chatham 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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