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Property profile & analytics
OFF-MARKET
Estimated value
$4,625,000
Retail space
1500 Ritchie Hwy, Arnold, MD 21012-2400
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1052174
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
BRICK
Total area
13,367 SF
Lot
6.27 ac (273,121 SF)
Zoning code
C3
APN
03-000-27605330
UPID
US40-1052174
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
CVS Pharmacy Pharmacy
-
MoneyGram Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.34M
Blend (final)
Blend
$4.63M
Owner & transaction history
Anne Arundel Cnty Md · 12 yrs held
Anne Arundel Cnty Md
since 2014
3 recorded transactions
Zoning & alternative use
C3 · Arnold, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.7M
+20.8%
Restaurant
$6.5M
+17.2%
Auto repair, garage
$5.7M
+2.6%
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 Arnold submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arnold 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,540,000
Current use
OFFICE BUILDING
$6,695,000
Change: +21% · Conversion: Easy
RESTAURANT
$6,495,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,685,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,600,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$4,895,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,455,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.63M
Range $4.16M – $5.09M · ±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
$346 / 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
$50,386
Tax year 2023
Assessed value
$4,614,067
Assessed 2023
Previous assessed
$4,556,833
+1.3% YoY
Effective rate
1.09%
On assessed value
Land market value
$3,631,600
Improvement market value
$1,039,700
Total market value
$4,671,300
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,367 SF
Lot
6.27 ac (273,121 SF)
Zoning code
C3
APN
03-000-27605330
UPID
US40-1052174
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Arnold, MD
Zoning C3 · permitted uses
C3 · Arnold, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arnold. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.5M
OFFICE BUILDING
Est. value
$6.7M
RESTAURANT
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.5M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2014
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
6.27 ac
Current owner
From public records · entity-resolved
Anne Arundel Cnty Md
Individual
Mailing address
11200 ALBERMYRTLE RD, POTOMAC, MD 20854-1448
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2014
—
Anne Arundel Cnty Md
Shaivitz LLC
Grant Deed
related
—
—
—
Shaivitz LLC
—
Deed Of Trust
related
$2,187,000 · Bank Of America
—
—
Shaivitz LLC
—
Deed Of Trust
related
$450,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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