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Property profile & analytics
OFF-MARKET
Estimated value
$3,730,000
Warehouses
848 High St, Chestertown, MD 21620-1135
Entity Owned
~
Est. High Equity
Property ID
US40-0079357
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1944
Construction
BRICK
Total area
42,574 SF
Lot
2.78 ac (121,097 SF)
Zoning code
C-1
APN
04-008537
UPID
US40-0079357
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
-
Papa Smurfs BBQ Food Truck Restaurant
-
Vault Storage Co - Chestertown Storage Facility
-
Penske Truck Rental Car Rental Facility
-
FedEx Post Office
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.73M
Owner & transaction history
Tor Radcliffe LLC
Tor Radcliffe LLC
since 2025
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
C-1 · Chestertown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+164.9%
Commercial (general)
$4.9M
+128.5%
Retail stores
$3.9M
+80.3%
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 Chestertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chestertown 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
$4,095,000
ML approach
$4,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,700,000
Change: +165% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,920,000
Change: +128% · Conversion: Difficult
RETAIL STORES
$3,880,000
Change: +80% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,920,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±10% · vs last sale $3.38M (Sep 16 2020)
Last sale anchor
$3.38M
Sep 16 2020
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
$88 / 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
$24,777
Tax year 2023
Assessed value
$1,798,900
Assessed 2023
Previous assessed
$1,591,100
+13.1% YoY
Effective rate
1.38%
On assessed value
Assessed land
$482,900
Assessed improvement
$1,316,000
Land market value
$482,900
Improvement market value
$1,316,000
Total market value
$1,798,900
Applied tax rate
20.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1944
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
42,574 SF
Lot
2.78 ac (121,097 SF)
Zoning code
C-1
APN
04-008537
UPID
US40-0079357
Jurisdiction
KENT
Zoning & alternative use
C-1 · Chestertown, MD
Zoning C-1 · permitted uses
C-1 · Chestertown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chestertown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RETAIL STORES
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1944
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
Tor Radcliffe LLC
Entity
Mailing address
3501 CONCORD RD STE #350, YORK, PA 17402-8606
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
$346,172
Tor Radcliffe LLC
Mdg LLC
Deed
$680,000 · Nvr Mortgage Finance INC
Dec 15, 2025
—
Tor Radcliffe LLC
—
Deed
related
$680,000 · Nvr Mortgage Finance INC
May 26, 2022
—
Eastern Shore Self Storage LLC
—
Deed
related
$4,600,000 · Fulton Bank NA
Sep 16, 2020
$3,375,000
Eastern Shore Self Storage LLC
Gredin Properties LLC
Special Warranty Deed
—
Sep 16, 2020
$4,500,000
Eastern Shore Self Storage LLC
Gredin Properties LLC
Grant Deed
—
Feb 14, 2018
—
Gredin Properties LLC
—
Deed
related
$366,000 · Harford Bank
Oct 28, 2016
$1,200,000
Gredin Properties LLC
Dinning Family LP
Grant Deed
$1,100,000 · Dinning Family LP
May 30, 2014
—
Dinning Fam Ltd Ptshp
848 High Street LLC
Deed In Lieu Of Foreclosure
related
—
Mar 20, 2007
$790,000
848 High Street LLC
Dinning Family
Grant Deed
$785,000 · Dinning Family LP
May 6, 2002
—
Dinning Family LP
Devane,donald L
Grant Deed
related
—
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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