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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Theaters & concert halls
60 Sandy Cv Rd North East, MD 21901-5436
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-0673725
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1987
Construction
BRICK
Total area
19,782 SF
Lot
191.58 ac (8,345,355 SF)
Zoning code
NAR
APN
05-088801
UPID
US40-0673725
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Morning Cheer INC · 9 yrs held
Morning Cheer INC
since 2017
7 recorded transactions
Zoning & alternative use
NAR · North East, 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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$29 / 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
$11,004
Tax year 2023
Assessed value
$14,156,600
Assessed 2023
Previous assessed
$14,156,600
+0.0% YoY
Effective rate
0.08%
On assessed value
Assessed land
$3,999,300
Assessed improvement
$10,157,300
Land market value
$3,999,300
Improvement market value
$10,157,300
Total market value
$14,156,600
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
HEAT PUMP
Buildings
7
Stories
2
Units
7
Bathrooms
8
Total area
19,782 SF
Lot
191.58 ac (8,345,355 SF)
Zoning code
NAR
APN
05-088801
UPID
US40-0673725
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
NAR · North East, MD
Zoning NAR · permitted uses
NAR · North East, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Buildings
7
Units
7
Bathrooms
8
Lot
191.58 ac
Current owner
From public records · entity-resolved
Morning Cheer INC
Entity
Mailing address
60 SANDY CV RD, NORTH EAST, MD 21901-5436
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Morning Cheer INC
—
Deed
related
$1,200,000 · Harford Bank
Jan 25, 2021
—
Morning Cheer INC
—
Deed
related
$1,360,000 · M&t Bk
Jul 9, 2017
—
Morning Cheer INC
Kst LLC
Quit Claim Deed
related
—
—
—
Morning Cheer INC
—
Deed Of Trust
related
$800,000 · M&t Bk
—
—
Sandy Cove Ministries
—
Deed Of Trust
related
$2,200,000 · Nbrs Financial Bank
—
—
Sandy Cove Ministries
—
Deed Of Trust
related
$400,000 · Nbrs Financial Bank
—
—
Morning Cheer INC
—
Loan Modification
related
$1,360,000 · M&t Bk
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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