New search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
401 Hess Rd, Grasonville, MD 21638-1249
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-1453793
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1967
Construction
BRICK
Total area
1,247 SF
Lot
0.5 ac (21,736 SF)
Zoning code
UC
APN
05-018994
UPID
US40-1453793
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
-
Wings and Smoothies Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Smoke Heaven (Bike/Boat/Book/etc) Store
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
Hess Road LLC · 7 yrs held
Hess Road LLC
since 2018
7 recorded transactions
Zoning & alternative use
UC · Grasonville, 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 Grasonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grasonville 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
$5,983
Tax year 2023
Assessed value
$635,100
Assessed 2023
Previous assessed
$632,100
+0.5% YoY
Effective rate
0.94%
On assessed value
Land market value
$456,400
Improvement market value
$181,700
Total market value
$638,100
Applied tax rate
5.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
1,247 SF
Lot
0.5 ac (21,736 SF)
Zoning code
UC
APN
05-018994
UPID
US40-1453793
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
UC · Grasonville, MD
Zoning UC · permitted uses
UC · Grasonville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grasonville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Hess Road LLC
Entity
Mailing address
600 RIDGELY AVE STE #231, ANNAPOLIS, MD 21401-1092
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
$530,000
Hess Road LLC
Queenstown Bk Of Md|m & M Investment Corp
Trustees Deed
$424,000 · Queenstown Bk/md
Mar 5, 2018
—
M & M Investment Corp
—
Deed
related
$80,550 · Petroleum Marketing Group INC
Sep 24, 2009
$455,000
M & M Investment Corp
Foster Michael R
Trustees Deed
$392,000 · Queenstown Bank Maryland
Apr 3, 2003
$335,000
Kornthea & Sophal LLC
Timco Ltd
Grant Deed
$450,000 · Queenstown Bank Maryland
—
—
M & M Investment Corp
—
Deed Of Trust
related
$75,000 · Queenstown Bank Maryland
—
—
Kornthea & Sophal LLC
—
Deed Of Trust
related
$21,200 · Queenstown Bank Maryland
—
—
Kornthea & Sophal LLC
—
Deed Of Trust
related
$125,000 · Queenstown Bank Maryland
—
—
Kornthea & Sophal LLC
—
Deed Of Trust
related
$100,000 · Queenstown Bank Maryland
—
—
M & M Investment Corp
—
Deed Of Trust
related
$80,550 · Petroleum Marketing Group INC
—
—
Kornthea & Sophal LLC
—
Deed Of Trust
related
$75,000 · Queenstown Bank Maryland
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 401 Hess Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
