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Property profile & analytics
OFF-MARKET
Estimated value
$8,515,000
Hospitals
144 Washington Rd, Edgewater, MD 21037-1412
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-2195248
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1982
Construction
BRICK
Total area
36,200 SF
Lot
9.47 ac (412,513 SF)
Zoning code
R1
APN
01-000-03885630
UPID
US40-2195248
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
-
South River Healthcare Center Rehabilitation Center Nursing Home
-
South River Nursing & Health Nursing Home
-
Karen Rzasa Physician
-
Dara Silbert Physician
-
Daljeet Sidhu, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.41M
CAP Approach
CAP
$8.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.52M
Owner & transaction history
Ohi Asset Md Edgewater LLC · 4 yrs held
Ohi Asset Md Edgewater LLC
since 2021
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
R1 · Edgewater, 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$11,140,000
ML approach
$10,405,000
CAP Approach
CAP Return
Estimation
6%
$8,750,000
6.5%
$8,075,000
7%
$7,500,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,255,000
Current use
WAREHOUSE, STORAGE
$12,070,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,095,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$8.52M
Range $7.66M – $9.37M · ±10% · vs last sale $8.32M (Jul 21 2021)
Last sale anchor
$8.32M
Jul 21 2021
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
$235 / 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
$90,811
Tax year 2023
Assessed value
$8,316,000
Assessed 2023
Previous assessed
$8,316,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$949,900
Assessed improvement
$7,366,100
Land market value
$949,900
Improvement market value
$7,366,100
Total market value
$8,316,000
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 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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
120
Total area
36,200 SF
Lot
9.47 ac (412,513 SF)
Zoning code
R1
APN
01-000-03885630
UPID
US40-2195248
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R1 · Edgewater, MD
Zoning R1 · permitted uses
R1 · Edgewater, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$13.3M
WAREHOUSE, STORAGE
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$11.1M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1982
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
120
Lot
9.47 ac
Current owner
From public records · entity-resolved
Ohi Asset Md Edgewater LLC
Entity
Free & Clear · 4 yrs held
Mailing address
144 WASHINGTON RD, EDGEWATER, MD 21037-1412
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
$8,316,068
Ohi Asset Md Edgewater LLC
Maryland Nh Asset LLC
Warranty Deed
—
Aug 27, 2012
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$2,051,000 · Ohi Asset III (pa) Trust
Apr 26, 2011
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$2,350,000 · Ohi Asset III Pa Trust
May 30, 2008
$8,865,738
Maryland Nh Asset LLC
Ventas Realty
Grant Deed
$74,927 · Ohi Asset III Trust
Nov 18, 2002
$7,997,000
Ventas Realty LP
Millenium Holdings IV LLC
Grant Deed
—
Feb 2, 1999
$3,900,000
Mellennium Holdings IV LLC
Pleasant Living Convelescent
Grant Deed
related
$4,335,000 · Mercantile-safe Deposit & Trus
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$330,000 · Ohi Asset III Pa Trust
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$1,728,000 · Ohi Asset III (pa) Trust (ct)
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$1,085,960 · Ohi Asset III (pa) Trust
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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