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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Super regional malls
59 Piney Narrows Rd, Chester, MD 21619-2410
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0978339
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Construction
BRICK
Total area
36,000 SF
Lot
13.98 ac (608,969 SF)
Zoning code
WVC
APN
04-067436
UPID
US40-0978339
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.77M
Owner & transaction history
Jemals Kent Narrows LLC · 9 yrs held
Jemals Kent Narrows LLC
since 2016
6 recorded transactions
Zoning & alternative use
WVC · Chester, 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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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
AUTO REPAIR, GARAGE
$5,215,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,190,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$3,895,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,515,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,205,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±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
$105 / 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
$37,834
Tax year 2023
Assessed value
$4,016,300
Assessed 2023
Previous assessed
$4,016,300
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$3,916,300
Assessed improvement
$100,000
Land market value
$3,916,300
Improvement market value
$100,000
Total market value
$4,016,300
Applied tax rate
4.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
36,000 SF
Lot
13.98 ac (608,969 SF)
Zoning code
WVC
APN
04-067436
UPID
US40-0978339
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
WVC · Chester, MD
Zoning WVC · permitted uses
WVC · Chester, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
RESTAURANT
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
1987
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
13.98 ac
Current owner
From public records · entity-resolved
Jemals Kent Narrows LLC
Entity
Mailing address
655 NEW YORK AVE NW STE #830, WASHINGTON, DC 20001-5795
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Sep 29, 2016
—
Jemals Kent Narrows LLC
—
Deed
related
$1,833,000 · Mainstreet Bank
—
—
Jemals Yacht Haven LLC
—
Deed Of Trust
related
$682,500 · Monument Bk
—
—
Jemals Kent Narrows LLC
—
Loan Modification
related
$1,500,000 · Michael F Rowe
—
—
Jemals Kent Narrows LLC
—
Deed Of Trust
related
$500,000 · Michael F Rowe
—
—
Jemals Kent Narrows LLC
—
Deed Of Trust
related
$11,902,904 · James G Davis Const Corp
—
—
Jemals Kent Narrows LLC
—
Deed Of Trust
related
$2,100,000 · Bankannapolis
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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