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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Turn key restaurants
3737 Chesapeake Bch Rd Chesapeake Beach, MD 20732-4527
Individually Owned
3-yr Hold
Free & Clear
Property ID
US40-0839194
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
BRICK
Total area
2,404 SF
Lot
0.37 ac (16,072 SF)
APN
03-047083
UPID
US40-0839194
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
-
Papa John's Pizza 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
$585k
Owner & transaction history
Geremy A Chelius · 3 yrs held
Geremy A Chelius
since 2023
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$545,000
+199.5%
Retail stores
$485,000
+165.4%
Office building
$460,000
+152.3%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake Beach 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
$450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$545,000
Change: +199% · Conversion: Easy
RETAIL STORES
$485,000
Change: +165% · Conversion: Easy
OFFICE BUILDING
$460,000
Change: +152% · Conversion: Moderate
WAREHOUSE, STORAGE
$385,000
Change: +111% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $650k (Jan 10 2023)
Last sale anchor
$650k
Jan 10 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
$243 / 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
$8,564
Tax year 2023
Assessed value
$855,767
Assessed 2023
Previous assessed
$828,600
+3.3% YoY
Effective rate
1.00%
On assessed value
Land market value
$186,000
Improvement market value
$724,100
Total market value
$910,100
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
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
1920
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
2,404 SF
Lot
0.37 ac (16,072 SF)
APN
03-047083
UPID
US40-0839194
Jurisdiction
CALVERT
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$545,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$385,000
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1920
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Geremy A Chelius
Individual
Free & Clear · 3 yrs held
Mailing address
1346 TYDINGS RD, ANNAPOLIS, MD 21409-5729
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
$650,000
Geremy A Chelius
Chesapeake Bay Area Pizza Managemen
Deed
—
Apr 10, 2018
—
Chesapeake Bay Area Pizza-mana
—
Deed
related
$250,000 · Community Bk/chesapeake
Aug 29, 2017
—
Chesapeake Bay Area Pizza-mana
—
Deed
related
$200,000 · Community Bk/chesapeake
May 27, 2015
$625,000
Beach Boys Pizza Management Ll
Keefe Gladys M
Grant Deed
$475,000 · Community Bk/chesapeake
May 27, 2015
—
Gladys M Keefe
Seymour William P
Grant Deed
related
—
Dec 20, 2013
—
Gladys M Keefe
Keefe,gladys M
Quit Claim Deed
related
$50,000 · G&m Services LLC
—
—
Gladys Keefe
—
Loan Modification
related
$174,115 · Columbia Grp Ins
—
—
Chesapeake Bay Area Pizza-mana
—
Deed Of Trust
related
$200,000 · Community Bk/chesapeake
—
—
Chesapeake Bay Area Pizza-mana
—
Loan Modification
related
$250,000 · Community Bk/chesapeake
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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