Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,005,000
Hospitals
310 Genesis Way Severna Park, MD 21146-1762
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1383878
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1982
Construction
BRICK
Total area
41,304 SF
Lot
5.27 ac (229,561 SF)
Zoning code
R5
APN
03-000-90033057
UPID
US40-1383878
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
-
Marissa Small Physician
-
TAANA VIVIANO Physician
-
Complete Care at Severna Park Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.22M
Comparable Approach
Comparable
$10.65M
Blend (final)
Blend
$13.01M
Owner & transaction history
Severna Park Md Owner LLC · 2 yrs held
Severna Park Md Owner LLC
since 2023
Last sale
$14.0M
3 recorded transactions
Zoning & alternative use
R5 · Severna Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$20.7M
+36.8%
Restaurant
$20.1M
+32.7%
Auto repair, garage
$17.6M
+16.2%
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
Method
Estimation
Statistic approach
$17,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,980,000
6.5%
$9,215,000
7%
$8,555,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,125,000
Current use
OFFICE BUILDING
$20,685,000
Change: +37% · Conversion: Easy
RESTAURANT
$20,065,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,570,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$17,305,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$17,115,000
Change: +13% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,775,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,655,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$13.01M
Range $11.70M – $14.31M · ±10% · vs last sale $14.03M (Aug 8 2023)
Last sale anchor
$14.03M
Aug 8 2023
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
$315 / 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
$75,156
Tax year 2023
Assessed value
$6,882,400
Assessed 2023
Previous assessed
$6,292,600
+9.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,839,300
Improvement market value
$5,632,900
Total market value
$7,472,200
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
41,304 SF
Lot
5.27 ac (229,561 SF)
Zoning code
R5
APN
03-000-90033057
UPID
US40-1383878
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R5 · Severna Park, MDZoning R5 · permitted uses
R5 · Severna Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$15.1M
OFFICE BUILDING
Est. value
$20.7M
RESTAURANT
Est. value
$20.1M
AUTO REPAIR, GARAGE
Est. value
$17.6M
INDUSTRIAL (GENERAL)
Est. value
$17.3M
RETAIL STORES
Est. value
$17.1M
WAREHOUSE, STORAGE
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$12.7M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1982
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
5.27 ac
Current owner
From public records · entity-resolved
Severna Park Md Owner LLC
Entity
Mailing address
885 3RD AVE FL 29TH, NEW YORK, NY 10022-4834
Ownership since
2023
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
Aug 8, 2023
$14,030,000
Severna Park Md Owner LLC
Severna Associates Limited Partners
Special Warranty Deed
$141,072,000 · Computershare Trust Company NA
—
—
Severna Associates LP
—
Deed Of Trust
related
$54,000 · Susquehanna Bank
—
—
Severna Associates
—
Deed Of Trust
related
$50,000,000 · Capmark Bank
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 310 Genesis Way?
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.
