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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
4127 Hanover Pike, Manchester, MD 21102-1436
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0729107
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1975
Construction
BRICK
Total area
5,400 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
06-024777
UPID
US40-0729107
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
-
M&T Bank ATM Atm
-
Rakki Hibachi Food Truck & Catering Restaurant
-
Piper's Wine & Spirit Barn (Bike/Boat/Book/etc) Store Bar & Pub
-
Chenoweth & Associates Inc (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$539k
Blend (final)
Blend
$540k
Owner & transaction history
Cmk Properties LLC · 6 yrs held
Cmk Properties LLC
since 2019
1 recorded transaction
Zoning & alternative use
C-2 · Manchester, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$775,000
+317.3%
Office building
$720,000
+286.1%
Medical building
$630,000
+237.5%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
by Request
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)
$775,000
Change: +317% · Conversion: Easy
OFFICE BUILDING
$720,000
Change: +286% · Conversion: Moderate
MEDICAL BUILDING
$630,000
Change: +238% · Conversion: Difficult
RESTAURANT
$575,000
Change: +210% · Conversion: Difficult
AUTO REPAIR, GARAGE
$495,000
Change: +167% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +155% · Conversion: Easy
INDUSTRIAL (GENERAL)
$435,000
Change: +133% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$100 / 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
$11,079
Tax year 2023
Assessed value
$980,400
Assessed 2023
Previous assessed
$946,400
+3.6% YoY
Effective rate
1.13%
On assessed value
Land market value
$435,600
Improvement market value
$612,800
Total market value
$1,048,400
Applied tax rate
6.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,400 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
06-024777
UPID
US40-0729107
Jurisdiction
CARROLL
Zoning & alternative use
C-2 · Manchester, MD
Zoning C-2 · permitted uses
C-2 · Manchester, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$775,000
OFFICE BUILDING
Est. value
$720,000
MEDICAL BUILDING
Est. value
$630,000
RESTAURANT
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$495,000
RETAIL STORES
Est. value
$475,000
INDUSTRIAL (GENERAL)
Est. value
$435,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1975
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Cmk Properties LLC
Entity
Mailing address
3011 OPIE DR, HAMPSTEAD, MD 21074-1132
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
$980,000
Cmk Properties LLC
Marlene G Chenoweth
Deed
$215,200 · M & T 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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