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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Turn key restaurants
4160 Mears Ave Chesapeake Beach, MD 20732-5115
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0996573
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Construction
BRICK
Total area
20,693 SF
Lot
4.52 ac (196,891 SF)
Zoning code
MCR
APN
03-085635
UPID
US40-0996573
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
-
Skills Barber Shop Barber Shop
-
Chesapeake Beach Resort and Spa Bingo Hall Bingo Hall
-
Fish Stalker Charters LLC Tour Operator Travel Agency
-
Serenity Hair Salon Hair Salon Nail Salon
-
Chesapeake Beach Fishing Boats Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Rod & Reel INC · 1 yrs held
Rod & Reel INC
since 2025
6 recorded transactions
Zoning & alternative use
MCR · Chesapeake Beach, 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 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
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
RESTAURANT
$1,570,000
Current use
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±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
$77 / 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
$137,512
Tax year 2023
Assessed value
$13,741,600
Assessed 2023
Previous assessed
$13,917,600
-1.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,392,200
Assessed improvement
$11,349,400
Land market value
$2,392,200
Improvement market value
$11,349,400
Total market value
$13,741,600
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
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
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
6
Stories
2
Units
6
Total area
20,693 SF
Lot
4.52 ac (196,891 SF)
Zoning code
MCR
APN
03-085635
UPID
US40-0996573
Jurisdiction
CALVERT
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MCR · Chesapeake Beach, MD
Zoning MCR · permitted uses
MCR · Chesapeake Beach, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.6M
RESTAURANT Current
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
1950
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
6
Units
6
Lot
4.52 ac
Current owner
From public records · entity-resolved
Rod & Reel INC
Entity
Mailing address
PO BOX 99, CHESAPEAKE BEACH, MD 20732-0099
Ownership since
2025
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
Mar 3, 2025
—
Rod & Reel INC
—
Deed
related
$5,000,000 · Shore United Bank NA
Sep 4, 2018
—
Rod & Reel INC
—
Deed
related
$27,000,000 · Community Bk/chesapeake
Jul 25, 2018
—
Rod & Reel INC
—
Deed
related
$27,000 · Community Bk/chesapeake
—
—
Rod & Reel INC
—
Deed Of Trust
related
$1,450,000 · Community Bank Of Tri-county
—
—
Rod & Reel INC
—
Deed Of Trust
related
$27,000,000 · Community Bk/chesapeake
—
—
Rod & Reel INC
—
Deed Of Trust
related
$27,000 · 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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