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Property profile & analytics
FOR LEASE
Turn key restaurants
6701 Chesapeake Center Dr, Glen Burnie, MD 21060
Entity Owned
~
Est. High Equity
Property ID
US40-0219354
For Lease
1 / 2
$3,935,000
6701 Chesapeake Center Dr, Glen Burnie, MD 21060
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
BRICK
Total area
11,745 SF
Lot
2.79 ac (121,532 SF)
Zoning code
C3
APN
05-000-90043099
UPID
US40-0219354
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
-
Golden Corral Buffet & Grill Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.94M
Owner & transaction history
6701 Chesapeake LLC
6701 Chesapeake LLC
since 2025
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
C3 · Glen Burnie, 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 Glen Burnie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Burnie 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
$5,705,000
Current use
AUTO REPAIR, GARAGE
$4,995,000
Change: -12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,920,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$4,865,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.94M
Range $3.54M – $4.33M · ±10% · vs last sale $3.90M (Jun 2 2025)
Last sale anchor
$3.90M
Jun 2 2025
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
$335 / 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
$29,086
Tax year 2023
Assessed value
$2,663,567
Assessed 2023
Previous assessed
$2,528,300
+5.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,163,600
Improvement market value
$1,770,500
Total market value
$2,934,100
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1997
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
11,745 SF
Lot
2.79 ac (121,532 SF)
Zoning code
C3
APN
05-000-90043099
UPID
US40-0219354
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Glen Burnie, MD
Zoning C3 · permitted uses
C3 · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Burnie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
RETAIL STORES
Est. value
$4.9M
RESTAURANT Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1997
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
6701 Chesapeake LLC
Entity
Mailing address
1453 KEMPSVILLE RD, VIRGINIA BEACH, VA 23464-7319
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
$3,900,000
6701 Chesapeake LLC
G C Of Glen Burnie Partners LLC
Deed
$2,925,000 · Freedom FCU
Dec 17, 1999
$2,000,000
G C Of Glen Burnie Partners
Gb Plaza LLC
Grant Deed
$3,720,000 · Captec Financial Group INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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