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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
24 Crain S Hwy, Glen Burnie, MD 21061-3526
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1240663
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
BRICK
Total area
3,547 SF
Lot
0.17 ac (7,500 SF)
Zoning code
TC
APN
05-326-14117800
UPID
US40-1240663
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
-
Brave Heart Movers Moving Company Storage Facility
-
Pink Rose Aesthetics Spa & Massage Center Skin Care Clinic
-
Interworld Glen Burnie Cleaning Service Blast Cleaning Service Construction And Maintenance Office
-
Just Salon Suites Hair Salon Nail Salon
-
Fremingtons Portables Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$685k
Owner & transaction history
Saga Invest LLC · 8 yrs held
Saga Invest LLC
since 2018
7 recorded transactions
Zoning & alternative use
TC · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$870,000
+10.3%
Neighborhood: shopping center
$840,000
+6.3%
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 Glen Burnie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Burnie 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
OFFICE BUILDING
$790,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$193 / 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
$5,534
Tax year 2023
Assessed value
$506,800
Assessed 2023
Previous assessed
$625,600
-19.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$358,700
Assessed improvement
$148,100
Land market value
$358,700
Improvement market value
$148,100
Total market value
$506,800
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
3,547 SF
Lot
0.17 ac (7,500 SF)
Zoning code
TC
APN
05-326-14117800
UPID
US40-1240663
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
TC · Glen Burnie, MD
Zoning TC · permitted uses
TC · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Burnie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1910
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Saga Invest LLC
Entity
Mailing address
24 CRAIN HWY S, GLEN BURNIE, MD 21061-3526
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2018
$360,000
Saga Invest LLC
Scherer,marian L
Grant Deed
$333,000 · Anne Arundel Economic Dev Corp
Jun 23, 2016
—
William N Scherer JR
Scherer,marian L
Quit Claim Deed
related
—
Feb 3, 2015
—
William N Scherer SR.
Scherer William N SR & Marian L
Quit Claim Deed
related
—
Jan 22, 2015
—
William N Scherer SR.
Scherer,william N SR & Marian L
Quit Claim Deed
related
—
Oct 17, 2014
—
William N Scherer JR.
Scherer,william N SR & Marian L
Quit Claim Deed
related
—
—
—
William N Scherer
—
Deed Of Trust
related
$100,000 · Bank Of Glen Burnie
—
—
William N Scherer SR.
—
Deed Of Trust
related
$100,000 · Bank Of Glen Burnie
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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