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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Commercial land
7th St, Crisfield, MD 21817
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1694356
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
19,324 SF
Lot
5.93 ac (258,311 SF)
Zoning code
I-1
APN
07-130163
UPID
US40-1694356
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
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Crab Cruise Real Estate LLC · 2 yrs held
Crab Cruise Real Estate LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
I-1 · Crisfield, 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 Crisfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crisfield 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
$1,160,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,830,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.16M (May 13 2024)
Last sale anchor
$1.16M
May 13 2024
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
$60 / 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
$12,033
Tax year 2023
Assessed value
$1,082,100
Assessed 2023
Previous assessed
$1,089,700
-0.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,082,100
Land market value
$1,082,100
Total market value
$1,082,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Total area
19,324 SF
Lot
5.93 ac (258,311 SF)
Zoning code
I-1
APN
07-130163
UPID
US40-1694356
Jurisdiction
SOMERSET
Zoning & alternative use
I-1 · Crisfield, MD
Zoning I-1 · permitted uses
I-1 · Crisfield, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crisfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.8M
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
Heating
NONE
Lot
5.93 ac
Current owner
From public records · entity-resolved
Crab Cruise Real Estate LLC
Entity
Mailing address
504 MARYLAND AVE, CRISFIELD, MD 21817-1139
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
$1,160,000
Crab Cruise Real Estate LLC
Sh Crisfield Investors LLC
Special Warranty Deed
$900,000 · Sh Crisfield Investors LLC
Dec 30, 2014
$150,000
Sh Crisfield Investors LLC
825 Group LLC
Grant Deed
$150,000 · 825 Group LLC
Jun 15, 2005
$4,725,000
Daniel M Bruun
Harbors Edge In Crisfield LLC
Grant Deed
—
Jun 15, 2005
$708,750
825 Group LLC
Brunn,daniel M
Trustees Deed
$4,140,000 · Mercantile Peninsula Bank
Jan 21, 2004
$1,250,000
Harbors Edge Of Crisfield LLC
Carman,ronnie L & Cheryl A
Grant Deed
$3,100,000 · Peninsula Bank
Jan 15, 2004
$1,250,000
Harbors Edge INC Crisfield LLC
Carman,ronnie L
Trustees Deed
$1,000,000 · Peninsula Bank
Jul 30, 2003
—
Terry E Eberthart
E & C Partnership
Quit Claim Deed
related
—
Oct 31, 2000
$262,500
E Ptshp
Steuart Transportation Co
Grant Deed
$212,500 · Steuart Transportation Co
—
—
Terry E Eberhard
—
Deed Of Trust
related
$300,000 · Peninsula Bank
—
—
825 Group LLC
—
Deed Of Trust
related
$750,000 · Mercantile Peninsula Bank
—
—
825 Group LLC
—
Deed Of Trust
related
$1,000,000 · Mercantile Peninsula Bank
—
—
825 Group LLC
—
Deed Of Trust
related
$1,000,000 · Pnc Bank
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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