Financial
Distress signals
Property profile

8230 Ritchie Hwy Pasadena, MD 21122

FOR SALE
Retail space
Property ID
US40-0273597
3,820 SF 0.63 ac lot Built 1991
Last sale Apr 2025 · $2,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A commercial building comprising approximately 5,500+/- square feet is located on Ritchie Highway (MD-2) in Pasadena, within a business corridor. The property’s setting provides prominent roadside exposure and straightforward access from the highway.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$1.23M
Assessed land$548k
Assessed improvement$677k
Effective rate1.09%

Value estimate

· Sep 2026
$1.56M
$1.40M – $1.72M
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$11k
Operating expenses−$13k
NOI · 1.79% cap applied$39k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$414/SF
County average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$243 – $662
Qualifying comparables11

Cap rate analysis

How does the asset earn?
1.79%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
uplex, triplex, fourplex, multiplex; and for multifamily none if all setbacks are increased by one foot for each two feet of height in ex...
General categoryCOMMERCIAL
JurisdictionANNE ARUNDEL

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.0
Building Supply12.0
Parking Facility11.6

Location

8230 Ritchie Hwy Pasadena, MD 21122
County assessor Recorded deeds · 9 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
91 Ritchie, Pasadena, MD 21122-4302 $3,000,000 May 2025 11,593 SF
8150 Ritchie, Pasadena, MD 21122-3906 $950,000 Oct 2022 2,269 SF
8553 Ft Smallwood, Pasadena, MD 21122-2631 $475,000 Apr 2022 1,685 SF
8070 Ritchie, Pasadena, MD 21122-1085 $69,000,000 Dec 2021 1,681 SF
16 Magothy Bch, Pasadena, MD 21122-4428 $1,050,000 Oct 2019 2,772 SF
229 Mtn, Pasadena, MD 21122 $750,000 Aug 2019 3,439 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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