Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,715,000
Grocery and convenience stores
1565 Hyde Park Rd Essex, MD 21221-4601
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-2357702
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
BRICK
Total area
39,822 SF
Lot
7.46 ac (324,958 SF)
Zoning code
BM
APN
15-2300006738
UPID
US40-2357702
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.12M
CAP Approach
CAP
$8.67M
Comparable Approach
Comparable
$8.04M
Blend (final)
Blend
$7.72M
Owner & transaction history
Sweta Invs LLC · 5 yrs held
Sweta Invs LLC
since 2021
Last sale
$6.7M
5 recorded transactions
Zoning & alternative use
BM · Essex, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.2M
+21.4%
Restaurant
$9.1M
+19.7%
Office building
$8.2M
+8.1%
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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
$8,005,000
ML approach
$8,115,000
CAP Approach
CAP Return
Estimation
6%
$9,395,000
6.5%
$8,670,000
7%
$8,050,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,565,000
Current use
AUTO REPAIR, GARAGE
$9,190,000
Change: +21% · Conversion: Difficult
RESTAURANT
$9,055,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$8,180,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,465,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,295,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,060,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$7.72M
Range $6.94M – $8.49M · ±10% · vs last sale $6.73M (Jan 11 2021)
Last sale anchor
$6.73M
Jan 11 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
$194 / 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
$45,922
Tax year 2023
Assessed value
$4,277,500
Assessed 2023
Previous assessed
$4,276,467
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$3,830,000
Assessed improvement
$447,500
Land market value
$3,830,000
Improvement market value
$447,500
Total market value
$4,277,500
Applied tax rate
15.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
39,822 SF
Lot
7.46 ac (324,958 SF)
Zoning code
BM
APN
15-2300006738
UPID
US40-2357702
Jurisdiction
BALTIMORE
Zoning & alternative use
BM · Essex, MD
Zoning BM · permitted uses
BM · Essex, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Essex. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$9.2M
RESTAURANT
Est. value
$9.1M
OFFICE BUILDING
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$6.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
7.46 ac
Current owner
From public records · entity-resolved
Sweta Invs LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9032 SUNNI SHADE CT, PERRY HALL, MD 21128-9222
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
$6,732,500
Sweta Invs LLC
Hyde Pk Station Owner LLC
Grant Deed
—
Mar 19, 2018
$5,065,500
Hyde Park Station Owner LLC
Realty Associates Fund Viii LP
Grant Deed
$3,820 · First Va Cmnty Bk
Apr 20, 2007
$8,645,000
Realty Associates Fund Viii
Hyde Park Station LLC
Grant Deed
—
Feb 24, 2005
$500,000
Greenberg Tic LLC
Hyde Park Station LLC
Grant Deed
related
—
Nov 15, 2004
$5,100,000
Hyde Park Station LLC
Gh Hyde Park Associates LLC
Grant Deed
related
$5,100,000 · Wachovia Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1565 Hyde Park Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
