Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Ritchie Hwy. & Jumper Hole Rd Pasadena, MD 21122

    • Retail properties
    • 66,962 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Ritchie Hwy. & Jumper Hole Rd

    Property size
    66,962 SF
    Property type
    Retail properties

    Description

    Patriots Plaza offers exceptional retail leasing opportunities in Anne Arundel County. This commercial property boasts a total of 66,962 square feet, currently featuring two available suites. Each suite offers flexibility, with a minimum divisible space of 3,366 square feet and a maximum contiguous space of 3,600 square feet. Currently, 6,966 square feet are vacant, presenting a unique chance for businesses seeking immediate occupancy. The property's strategic location provides excellent visibility and accessibility, complemented by an extensive 280-space parking lot ensuring ample convenience for customers and employees. The property is classified as multi-tenant retail, making it ideal for a variety of businesses seeking a vibrant and well-maintained commercial space. The available space presents a compelling opportunity for businesses looking to establish or expand their presence in a thriving Anne Arundel County market. With its generous parking and flexible suite sizes, Patriots Plaza is poised to meet the needs of a diverse range of retail tenants. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5897
    Latitude
    39.1259

    Comparable in this City

    • Value Estimation by Request
      162,194 SF

      4103-4211 Mountain Rd

      Land • 162,194 SF
      4103-4211 Mountain Rd, Pasadena, MD 21122
      View Details
    • Value Estimation by Request
      28,675 SF

      25-33 At Magothy Bch Rd

      Retail properties • 28,675 SF
      25-33 At Magothy Bch Rd, Pasadena, MD 21122
      View Details
    • Value Estimation
      $700,000
      4,680 SF

      8936 Ft Smallwood Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,680 SF
      8936 Ft Smallwood Rd, Pasadena, MD 21122-2328
      View Details
    • Value Estimation by Request
      2,450 SF

      8108 Jumpers Hole Rd

      FINANCIAL BUILDING • 2,450 SF
      8108 Jumpers Hole Rd, Pasadena, MD 21122-1005
      View Details
    • Value Estimation
      $670,000
      5,212 SF

      111 Mtn Rd

      SHOPPING CENTER, STRIP CENTER • 5,212 SF
      111 Mtn Rd, Pasadena, MD 21122-7162
      View Details
    • Value Estimation
      $1,465,000
      7,366 SF

      1701 Poplar Rdg Rd

      RESTAURANT • 7,366 SF
      1701 Poplar Rdg Rd, Pasadena, MD 21122-3717
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ritchie Highway Retail/Office Spaces

      Retail and office spaces available on Ritchie Highway.
      8221 Ritchie Hwy, Pasadena, MD 21122
      View Details
    • $1,250,000

      Turnkey Auto Repair Shop For Sale

      Auto repair shop with equipment included, high visibility location.
      184-186 Mountain Rd, Pasadena, MD 21122
      View Details
    • $2,150,000
      5,500 SF

      Commercial Building on Ritchie Highway

      5,500+/- SF commercial building on Ritchie Highway in Pasadena, MD.
      8230 Ritchie Hwy, Pasadena, MD 21122
      View Details
    • $3,995,000
      2.66 Acres

      Ritchie Hwy Commercial Land - Pasadena, MD

      Prime C3 zoned land, redevelopment opportunity.
      97 Ritchie Hwy, Pasadena, MD 21122
      View Details
    • $1,115,000
      2.96 Acres

      Prime Pasadena Commercial Land

      2.96 Acres, C-4 Zoned, Excellent Location
      0 Long Hill Rd, Pasadena, MD 21122
      View Details
    • $445,000

      Pasadena Specialty Property for Sale

      Specialty property available in Pasadena, Maryland.
      4 Silver Cir, Pasadena, MD 21122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,962 SF

      Patriots Plaza Retail Space Available

      Prime Anne Arundel County retail space. Multiple suites, ample parking.
      0 Ritchie Hwy. & Jumper Hole Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      1,100 SF

      Prime Pasadena Office Space

      1,100 sq ft Office Suite Available
      3201 Mountain Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      162,194 SF

      Lakeshore Plaza Retail Opportunity

      Prime Pasadena, MD Retail Space Available
      4103-4211 Mountain Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      28,675 SF

      25-33 At Magothy Bch Rd

      Retail properties • 28,675 SF
      25-33 At Magothy Bch Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      960 SF

      Mixed-Use Property on Ritchie Highway

      Retail and office spaces available in Patriots Plaza.
      8039 Ritchie Hwy, Pasadena, MD 21122
      View Details
    • $24 SF/Yr
      820 SF

      Renovated Retail/Office Space Available

      Recently renovated 820 SF retail/office space with high visibility.
      2932-2934 Mountain Rd, Pasadena, MD 21122
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ritchie Hwy. & Jumper Hole Rd
    Pasadena, MD 21122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.