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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Assisted living facilities
180 Ritchie Hwy Severna Park, MD 21146-1135
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US40-0906718
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2011
Total area
97,324 SF
Lot
4.61 ac (200,942 SF)
Zoning code
R2
APN
03-000-32315500
UPID
US40-0906718
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
-
Park View at Severna Park Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Severna Park Lllp · 16 yrs held
Severna Park Lllp
since 2009
4 recorded transactions
Zoning & alternative use
R2 · Severna Park, 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 Severna Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Severna Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$34 / 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
$7,842
Tax year 2023
Assessed value
$7,001,900
Assessed 2023
Previous assessed
$7,001,900
+0.0% YoY
Effective rate
0.11%
On assessed value
Assessed land
$4,120,000
Assessed improvement
$2,881,900
Land market value
$4,120,000
Improvement market value
$2,881,900
Total market value
$7,001,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Bathrooms
1
Total area
97,324 SF
Lot
4.61 ac (200,942 SF)
Zoning code
R2
APN
03-000-32315500
UPID
US40-0906718
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R2 · Severna Park, MD
Zoning R2 · permitted uses
R2 · Severna Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Severna Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Bathrooms
1
Lot
4.61 ac
Current owner
From public records · entity-resolved
Severna Park Lllp
Entity
Mailing address
875 HOLLINS ST STE #202, BALTIMORE, MD 21201-1252
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2009
$599,900
Severna Park Lllp
Bierman,albert J
Grant Deed
$1,200,000 · Arundel Community Dev Svcs INC
Dec 16, 2009
$685,000
Severna Park Lllp
Smith,walter L JR & Priscilla
Grant Deed
$4,250,000 · Wells Fargo Bk Nw NA
—
—
Walter L Smith
—
Deed Of Trust
related
$120,000 · Freedom Mortgage
—
—
Severna Park Lllp
—
Loan Modification
related
$4,250,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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