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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Turn key restaurants
8406 Washington Blvd, Jessup, MD 20794-9658
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2312340
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1968
Construction
WOOD
Total area
5,368 SF
Lot
2.18 ac (94,786 SF)
Zoning code
CECLI
APN
06-411290
UPID
US40-2312340
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
-
Wings Sports Cafe Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Washingtonian Property LLC · 3 yrs held
Washingtonian Property LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
CECLI · Jessup, 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 Jessup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jessup 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
$1,645,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $2.10M (Dec 28 2022)
Last sale anchor
$2.10M
Dec 28 2022
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
$344 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$10,983
Tax year 2022
Assessed value
$962,800
Assessed 2023
Previous assessed
$962,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$483,400
Assessed improvement
$479,400
Land market value
$483,400
Improvement market value
$479,400
Total market value
$962,800
Applied tax rate
6.0000
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
Off-Market
Year built
1968
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
5,368 SF
Lot
2.18 ac (94,786 SF)
Zoning code
CECLI
APN
06-411290
UPID
US40-2312340
Jurisdiction
HOWARD
Zoning & alternative use
CECLI · Jessup, MD
Zoning CECLI · permitted uses
CECLI · Jessup, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jessup. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Washingtonian Property LLC
Entity
Mailing address
108 NN ST, ROCKVILLE, MD 20850-1827
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
$2,100,000
Washingtonian Property LLC
Sang Jin Kim
Deed
$2,589,000 · Hanmi Bank
Nov 22, 2017
—
Sang J Kim
—
Deed
related
$360,000 · Bank Of America
Aug 18, 2004
$500,000
Sang J Kim
Sites,raymond L
Grant Deed
$450,000 · Raymond L Sites
Jun 8, 2004
—
Raymond L Sites
—
Trustees Deed
related
$150,000 · K Bank
—
—
Sang J Kim
—
Deed Of Trust
related
$577,000 · Keb Ny Financial Corp
—
—
Sang J Kim
—
Deed Of Trust
related
$100,000 · Chang J Choi
—
—
Sang J Kim
—
Deed Of Trust
related
$450,000 · Butler Capital Corp
—
—
Sang J Kim
—
Deed Of Trust
related
$360,000 · Bank Of America
—
—
Sang J Kim
—
Deed Of Trust
related
$300,000 · Butler Capital Corp
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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