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Property profile & analytics
FOR LEASE
Turn key restaurants
864 Nabbs Creek Rd, Glen Burnie, MD 21060
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US40-0793146
No photos on file
For Lease
$15 SF/Yr
864 Nabbs Creek Rd, Glen Burnie, MD 21060
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Construction
BRICK
Total area
6,825 SF
Lot
4.41 ac (192,100 SF)
Zoning code
MA2
APN
03-020-08349670
UPID
US40-0793146
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
-
Master Tech Marine (Bike/Boat/Book/etc) Store
-
Old Line Real Estate Solutions, LLC. Real Estate Agency
-
Nabbs Creek / Trident Marine Group Marina Boat Club
-
Baltimore Electric Boat Rental Boat Rental Service
-
Breakwater Adventures Jet Ski Rentals (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.67M
Owner & transaction history
Nabbs Creek Marina & Yacht Yar · 10 yrs held
Nabbs Creek Marina & Yacht Yar
since 2015
4 recorded transactions
Zoning & alternative use
MA2 · 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
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±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
$244 / 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
$21,840
Tax year 2023
Assessed value
$2,000,000
Assessed 2023
Previous assessed
$2,878,400
-30.5% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,125,800
Assessed improvement
$874,200
Land market value
$1,125,800
Improvement market value
$874,200
Total market value
$2,000,000
Applied tax rate
3.0000
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
1988
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Units
120
Bathrooms
1
Total area
6,825 SF
Lot
4.41 ac (192,100 SF)
Zoning code
MA2
APN
03-020-08349670
UPID
US40-0793146
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MA2 · Glen Burnie, MD
Zoning MA2 · permitted uses
MA2 · 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.
Building & site characteristics
From public records
Year built
1988
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
120
Bathrooms
1
Lot
4.41 ac
Current owner
From public records · entity-resolved
Nabbs Creek Marina & Yacht Yar
Individual
Mailing address
9 STATE CIR STE #200, ANNAPOLIS, MD 21401-1913
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
—
Nabbs Crk Marina & Yacht Yard
—
Grant Deed
related
$13,800,000 · Branch Bk&tr
Nov 2, 2015
$941,292
Nabbs Creek Marina & Yacht Yar
Erbe Harry L Living Trust
Grant Deed
$750,000 · Essex Bk
Apr 19, 2010
—
Erbe Harry L Living Trust
Erbe,harry L
Quit Claim Deed
related
—
—
—
Nabbs Creek Marina & Yacht Yar
—
Deed Of Trust
related
$3,520,000 · Essex 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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