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Property profile & analytics
OFF-MARKET
Estimated value
$13,220,000
Assisted living facilities
345 Ritchie Hwy, Severna Park, MD 21146-1923
Entity Owned
~
Est. High Equity
Property ID
US40-0546573
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2015
Total area
79,311 SF
Lot
3.9 ac (170,058 SF)
Zoning code
C2
APN
03-507-28579800
UPID
US40-0546573
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
-
Spring Arbor of Severna Park Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.00M
Blend (final)
Blend
$13.22M
Owner & transaction history
Vtr Sprgar Severna Park LLC
Vtr Sprgar Severna Park LLC
since 2026
Last sale
$13.4M
6 recorded transactions
Zoning & alternative use
C2 · Severna Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.3M
+24.9%
Retail stores
$15.1M
+8.6%
Auto repair, garage
$15.0M
+8.4%
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
$12,855,000
ML approach
$9,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$13,880,000
Current use
COMMERCIAL (GENERAL)
$17,335,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$15,075,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,045,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,285,000
Change: +3% · Conversion: Difficult
RESTAURANT
$13,815,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,475,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$13.22M
Range $11.90M – $14.54M · ±10% · vs last sale $13.41M (Jul 7 2022)
Last sale anchor
$13.41M
Jul 7 2022
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
$167 / 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
$212,094
Tax year 2023
Assessed value
$19,422,500
Assessed 2023
Previous assessed
$19,422,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,032,800
Assessed improvement
$16,389,700
Land market value
$3,032,800
Improvement market value
$16,389,700
Total market value
$19,422,500
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
2015
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
1
Total area
79,311 SF
Lot
3.9 ac (170,058 SF)
Zoning code
C2
APN
03-507-28579800
UPID
US40-0546573
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Severna Park, MD
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$17.3M
RETAIL STORES
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$15.0M
INDUSTRIAL (GENERAL)
Est. value
$14.3M
RESTAURANT
Est. value
$13.8M
WAREHOUSE, STORAGE
Est. value
$13.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
2015
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Vtr Sprgar Severna Park LLC
Entity
Mailing address
420 S ORANGE AVE STE #400, ORLANDO, FL 32801-4908
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
$18,325,000
Vtr Sprgar Severna Park LLC
Spring Arbor Severna Park Md Landlord Ll
Special Warranty Deed
—
Jul 7, 2022
$13,405,000
Spring Arbor Severna Park Md Landlo
Spring Arbor Of Severna Park LLC
Special Warranty Deed
—
Jul 7, 2022
—
Spring Arbor Severna Park Md Landlo
Spring Arbor Of Severna Park LLC
Intrafamily Transfer
related
$197,467,466 · Capital Funding
Jan 8, 2013
$3,200,000
Spring Arbor Of Severna Park INC
Grant Holdings LLC
Grant Deed
—
Nov 2, 2005
$1,150,000
Grant Holdings LLC
Rita R Killian
Deed
—
—
—
Spring Arbor Of Severna Park LLC
—
Loan Modification
related
$20,303,000 · Lancaster Pollard Mtg
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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