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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1321 Riverside Pkwy, Belcamp, MD 21017
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US40-1045947
For Lease
1 / 3
$9,945,000
1321 Riverside Pkwy, Belcamp, MD 21017
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1992
Construction
BRICK
Total area
51,480 SF
Lot
10.23 ac (445,619 SF)
Zoning code
B3
APN
01-252054
UPID
US40-1045947
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
-
United States Postal Service Post Office Logistics Service
-
Riverside Pizzeria Restaurant
-
Dr. Stephen E. Gentile, DMD Dental Office
-
Hair Cuttery Hair Salon
-
ATI Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.21M
Comparable Approach
Comparable
$11.68M
Blend (final)
Blend
$9.95M
Owner & transaction history
Riverside Parkway LP
Riverside Parkway LP
1 recorded transaction
Zoning & alternative use
B3 · Belcamp, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.1M
+25.3%
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 Belcamp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belcamp 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%
$12,145,000
6.5%
$11,210,000
7%
$10,410,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,835,000
Current use
AUTO REPAIR, GARAGE
$16,090,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,795,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$10,395,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$9.95M
Range $8.95M – $10.94M · ±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
$193 / 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
$97,942
Tax year 2022
Assessed value
$8,986,300
Assessed 2023
Previous assessed
$8,986,300
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$6,409,500
Assessed improvement
$2,576,800
Land market value
$6,409,500
Improvement market value
$2,576,800
Total market value
$8,986,300
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1992
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
51,480 SF
Lot
10.23 ac (445,619 SF)
Zoning code
B3
APN
01-252054
UPID
US40-1045947
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Belcamp, MD
Zoning B3 · permitted uses
B3 · Belcamp, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belcamp. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$16.1M
COMMERCIAL (GENERAL)
Est. value
$11.8M
OFFICE BUILDING
Est. value
$10.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1992
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
3
Lot
10.23 ac
Current owner
From public records · entity-resolved
Riverside Parkway LP
Entity
Mailing address
60 WW ST STE #204, ANNAPOLIS, MD 21401-2480
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Riverside Parkway LP
—
Deed Of Trust
related
$10,000,000 · Miscellaneous Ins Co
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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