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Property profile & analytics
OFF-MARKET
Turn key restaurants
30424 Mt Vernon Rd, Princess Anne, MD 21853-1400
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-2321253
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Total area
1,975 SF
Lot
0.27 ac (11,717 SF)
Zoning code
C-2
APN
01-009567
UPID
US40-2321253
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
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
Remigio Olea Ramon · 2 yrs held
Remigio Olea Ramon
since 2023
Last sale
$161,250
6 recorded transactions
Zoning & alternative use
C-2 · Princess Anne, 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 Princess Anne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princess Anne 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
$2,136
Tax year 2023
Assessed value
$192,100
Assessed 2023
Previous assessed
$192,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$90,600
Assessed improvement
$101,500
Land market value
$90,600
Improvement market value
$101,500
Total market value
$192,100
Applied tax rate
2.0000
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
1950
Heating
HEAT PUMP
Stories
1
Units
1
Total area
1,975 SF
Lot
0.27 ac (11,717 SF)
Zoning code
C-2
APN
01-009567
UPID
US40-2321253
Jurisdiction
SOMERSET
Zoning & alternative use
C-2 · Princess Anne, MD
Zoning C-2 · permitted uses
C-2 · Princess Anne, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Princess Anne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Remigio Olea Ramon
Individual
Mailing address
30520 JOHN TURKLE LN, PRINCESS ANNE, MD 21853-3012
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
$161,250
Remigio Olea Ramon
Schultz Locigno LLC
Deed
$161,250 · Pas Mortgage INC
Jan 24, 2018
—
Scott E Tawes
Hwh,jimmy M
Deed In Lieu Of Foreclosure
related
—
May 1, 2013
$160,000
Jimmy M Hwh
Tawes,e Scott & Melanie B
Grant Deed
$165,389 · E Scott & Melanie B Tawes
Oct 7, 2011
$100,000
E Scott Tawes
Ovwigho,ramsome & Pamela C
Grant Deed
$120,000 · Hebron Savings Bank
Feb 8, 2005
$230,000
Ramsome Ovwigho
Webster,david J
Grant Deed
$184,000 · Mercantile Peninsula Bank
May 2, 2002
$170,000
David J Webster
Widdowson,logan C Tr
Grant Deed
$114,000 · Peninsula 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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