Add Listing
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

    1446 Ritchie Hwy Arnold, MD 21012-2403

    • Office buildings
    • 2,949 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimations
    $1,930,000
    Show details
    Cap Rate Potential
    3.4%
    Office buildings
    Location Intelligence
    Property ID
    US40-0424674
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SERVPRO of Annapolis/Severna Park / Hardware & Home Improvement / Construction Company

    Property Details for 1446 Ritchie Hwy

    Year built
    1970
    Construction
    BRICK
    Lot size
    1.56 lot acres
    Property size
    2,949 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    03-000-22466700
    APU
    300022466700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,475,000
      Current use
      AUTO REPAIR, GARAGE
      $1,255,000
      Change: -15% Conversion: Difficult
      RETAIL STORES
      $1,220,000
      Change: -17% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arnold
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5059
    Latitude
    39.0301
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,186
    $1,504,000
    $802,400
    $2,306,400
    -
    $1,504,000
    $802,400
    $2,306,400

    Comparable in this City

    • Value Estimation
      $1,020,000
      1,488 SF

      1507 Ritchie Hwy

      OFFICE BUILDING • 1,488 SF
      1507 Ritchie Hwy, Arnold, MD 21012-2743
      View Details
    • Value Estimation
      $6,685,000
      26,260 SF

      1511 Ritchie Hwy

      OFFICE BUILDING • 26,260 SF
      1511 Ritchie Hwy, Arnold, MD 21012-2465
      View Details
    • Value Estimation
      $1,635,000
      1,432 SF

      1400 Baltimore Annapolis Blvd

      OFFICE BUILDING • 1,432 SF
      1400 Baltimore Annapolis Blvd, Arnold, MD 21012
      View Details
    • Value Estimation
      $1,165,000
      1,792 SF

      1336 Jones Sta Rd

      OFFICE BUILDING • 1,792 SF
      1336 Jones Sta Rd, Arnold, MD 21012-2364
      View Details
    • Value Estimation
      $570,000
      576 SF

      1257 Ritchie Hwy

      OFFICE BUILDING • 576 SF
      1257 Ritchie Hwy, Arnold, MD 21012-1802
      View Details
    • Value Estimation
      $20,420,000
      20,000 SF

      1517 Ritchie Hwy

      OFFICE BUILDING • 20,000 SF
      1517 Ritchie Hwy, Arnold, MD 21012-2461
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,089 SF

      Flex Building Near Annapolis

      Flex building with office space, near Annapolis and Chesapeake Bay.
      1244 Ritchie Hwy, Arnold, MD 21012
      View Details
    • $525,000
      1.26 Acres

      Residential Land in Arnold, MD

      1.26-acre lot with home, public water & sewer.
      774 Dividing Creek Rd, Arnold, MD 21012
      View Details
    • $1,575,000

      Specialty Property for Sale

      Specialty property available for purchase.
      1199 Asquithpines Pl, Arnold, MD 21012
      View Details
    • $298,000

      Two-Bedroom Condo Near Annapolis

      Two-level condo near College Parkway, shopping, and downtown Annapolis.
      1410 Greendale Ct, Arnold, MD 21012
      View Details
    • $1,900,000

      Phillips Drive Specialty Property

      Specialty property available for sale on Phillips Drive.
      975 Phillips Dr, Arnold, MD 21012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Grocery-Anchored Center

      Retail space in a busy, grocery-anchored neighborhood center.
      1238-1298 Bay Dale Dr, Arnold, MD 21012
      View Details
    • Contact for pricing
      3,900 SF

      Arnold Retail Space with Drive-Thru

      Retail space with four drive-thru lanes in Arnold, Maryland.
      1470 Ritchie Hwy, Arnold, MD 21012
      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.
    1446 Ritchie Hwy
    Arnold, MD 21012-2403
    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.
    Sign Up Successful!
    You now have access to more from Realmo!