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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Strip malls
3201 Mtn Rd Pasadena, MD 21122-2056
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US40-1285863
Property summary
AI-generated overview
This exceptional 1,100 square foot traditional office space is ideally located at 3201 Mountain Road in Pasadena, Maryland, zip code 21122. The property is classified as both retail and office, currently offering one available unit (Unit 118) suitable for multiple tenants. This presents a unique opportunity for businesses seeking a versatile and well-situated workspace in a thriving Maryland community. The space is categorized as a traditional office, providing a classic and functional layout. Its location in Pasadena offers convenient access to major transportation routes, ensuring easy commutes for employees and clients. The precise latitude and longitude coordinates are 39.12579963995005, -76.53395750522053. Further details regarding the specific layout and amenities within the unit are available upon request. This property is perfect for businesses seeking a well-established location with ample space to accommodate their operational needs. Interested parties are encouraged to inquire promptly to secure this desirable office space. The property is ready for immediate occupancy. Contact us today to schedule a viewing and discuss your business needs.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
BRICK
Total area
22,300 SF
Lot
3.04 ac (132,422 SF)
Zoning code
C3
APN
03-000-90052499
UPID
US40-1285863
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
Central Development LP · 27 yrs held
Central Development LP
since 1998
4 recorded transactions
Zoning & alternative use
C3 · Pasadena, 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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
NEIGHBORHOOD: SHOPPING CENTER
$5,270,000
Current use
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±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
$151 / 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
$38,458
Tax year 2023
Assessed value
$3,521,800
Assessed 2023
Previous assessed
$3,481,700
+1.2% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,136,000
Improvement market value
$2,425,900
Total market value
$3,561,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
22,300 SF
Lot
3.04 ac (132,422 SF)
Zoning code
C3
APN
03-000-90052499
UPID
US40-1285863
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Pasadena, MDZoning C3 · permitted uses
C3 · Pasadena, 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Central Development LP
Entity
Mailing address
4912 DEL RAY AVE, BETHESDA, MD 20814-2517
Ownership since
1998
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
Jun 22, 2016
—
Central Dev LP
—
Deed
related
$1,850,000 · John Marshall Bk
Sep 15, 1998
$1,900,000
Central Development LP
C William Martin Estate
Grant Deed
$1,600,000 · Sandy Spring National Bank Md
—
—
Central Dev
—
Deed Of Trust
related
$1,725,000 · John Marshall Bank
—
—
Central Dev LP
—
Deed Of Trust
related
$1,850,000 · John Marshall 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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