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    Property profile & analytics

    508 Railroad Ave Centreville, MD 21617-1180

    • Turn key restaurants
    • 1,860 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Last Sale
    Jul 26, 2022
    $580,000
    Location Intelligence
    Property ID
    US40-1079607
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lion's Villa (Indian Restaurant) / Restaurant

    Property Details for 508 Railroad Ave

    Year built
    1950
    Construction
    BRICK
    Lot size
    0.49 lot acres
    Property size
    1,860 SF
    Zone code
    C-2
    Property type
    Turn key restaurants
    APN
    03-000419
    APU
    3000419

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Queen Anne's
    State
    Maryland
    Longitude
    -76.0572
    Latitude
    39.039
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,832
    $0.00
    $0.00
    $530,267
    -
    $247,900
    $349,400
    $597,300

    Comparable in this City

    • Value Estimation
      $320,000
      1,754 SF

      422 Commerce St

      RESTAURANT • 1,754 SF
      422 Commerce St, Centreville, MD 21617-1220
      View Details
    • Value Estimation
      $205,000
      1,800 SF

      118 Commerce St

      RESTAURANT • 1,800 SF
      118 Commerce St, Centreville, MD 21617-1013
      View Details
    • Value Estimation by Request
      3,180 SF

      511 Chesterfield Ave

      RESTAURANT • 3,180 SF
      511 Chesterfield Ave, Centreville, MD 21617-2309
      View Details
    • Value Estimation by Request
      2,604 SF

      2640 Centreville Rd

      RESTAURANT • 2,604 SF
      2640 Centreville Rd, Centreville, MD 21617-2235
      View Details
    • Value Estimation by Request

      Laser Dr

      Lifestyle centers
      0 Laser Dr, Centreville, MD 21617
      View Details
    • Value Estimation by Request
      3,555 SF

      2490 Centreville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,555 SF
      2490 Centreville Rd, Centreville, MD 21617-2802
      View Details

    Similar Nearby for Sale

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      Centreville Commercial Property on Route 304

      Highly visible commercial property with ample parking and flexible layout.
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    • $649,000

      Centreville Specialty Property For Sale

      Specialty property available for purchase in Centreville, Maryland.
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    • $90,000
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      Land Available in Centreville, MD

      Land with sewer and water allocation potential in Centreville.
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    • $128,000
      1.27 Acres

      Centreville Land for Residential Development

      1.2 acre wooded lot approved for standard perc.
      Burrisville Rd, Centreville, MD 21617
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    • New
      $169,000
      2.55 Acres

      2.5 Acre Agricultural Lot

      2.5 acre lot zoned agriculture in a country setting.
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    508 Railroad Ave
    Centreville, MD 21617-1180
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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