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Property profile & analytics
FOR LEASE
Community centers
337 Hospital Dr, Glen Burnie, MD 21061
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1483376
For Lease
1 / 3
$5,010,000
337 Hospital Dr, Glen Burnie, MD 21061
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Construction
BRICK
Total area
47,934 SF
Lot
4.54 ac (197,762 SF)
Zoning code
C3
APN
03-000-90037759
UPID
US40-1483376
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
-
Glen Burnie Chiropractic and Physical Therapy LLC Alternative Medicine Practice
-
Unique Looks LLC Barber Shop
-
First Lady's Salon Hair Salon Nail Salon
-
Angel Nails Nail Salon
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.01M
Owner & transaction history
Southgate Marketplace LLP · 6 yrs held
Southgate Marketplace LLP
since 2020
4 recorded transactions
Zoning & alternative use
C3 · Glen Burnie, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$105 / 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
$65,552
Tax year 2023
Assessed value
$6,002,967
Assessed 2023
Previous assessed
$5,921,667
+1.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$3,635,700
Improvement market value
$2,684,700
Total market value
$6,320,400
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
47,934 SF
Lot
4.54 ac (197,762 SF)
Zoning code
C3
APN
03-000-90037759
UPID
US40-1483376
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Glen Burnie, MD
Zoning C3 · permitted uses
C3 · 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.
Building & site characteristics
From public records
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
4.54 ac
Current owner
From public records · entity-resolved
Southgate Marketplace LLP
Entity
Mailing address
10096 RED RUN BLVD STE #300, OWINGS MILLS, MD 21117-4632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 8, 2020
—
Southgate Marketplace LLP
—
Deed
related
$5,000,000 · Atlantic Union Bank
Jul 11, 2018
—
Southgate Marketplace Lllp
—
Deed
related
$4,350,000 · Union Bk&tr
—
—
Marketplace Lllp Southgate
—
Loan Modification
related
$5,600,000 · Wells Fargo Bk NA 2005-cibc13
—
—
Southgate Marketplace Lllp
—
Deed Of Trust
related
$4,350,000 · Union Bk&tr
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?”
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