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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
429 Eastern Blvd Essex, MD 21221-6735
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2372949
Property summary
AI-generated overview
This is a retail property typically offered for lease, located in Essex, Maryland. The lot size is 0.17 acres. The property offers approximately 0 square feet of living area and is located in the 21221 postal code of Baltimore County.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1943
Construction
BRICK
Total area
316 SF
Lot
0.17 ac (7,250 SF)
Zoning code
BLCCC
APN
15-1511000480
UPID
US40-2372949
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
by Request
Owner & transaction history
Pasang Sherpa · 3 yrs held
Pasang Sherpa
since 2022
Last sale
$367,500
5 recorded transactions
Zoning & alternative use
BLCCC · Essex, 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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
—
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
$2,298
Tax year 2023
Assessed value
$277,100
Assessed 2023
Previous assessed
$277,100
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$145,000
Assessed improvement
$132,100
Land market value
$145,000
Improvement market value
$132,100
Total market value
$277,100
Applied tax rate
15.0000
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
Retail properties & Spaces
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1943
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
316 SF
Lot
0.17 ac (7,250 SF)
Zoning code
BLCCC
APN
15-1511000480
UPID
US40-2372949
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCCC · Essex, MD
Zoning BLCCC · permitted uses
BLCCC · Essex, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Essex. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1943
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Pasang Sherpa
Individual
Mailing address
4202 ELSA TER, BALTIMORE, MD 21211-1519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2022
—
Pasang Sherpa
—
Deed
related
$293,600 · First National Bank Of Pennsylvania
Sep 22, 2022
$367,500
Pasang Sherpa
Ssv 1 LLC
Deed
$293,600 · First National Bank Of Pennsylvania
Dec 2, 2015
$275,000
Ssv 1 LLC
Clark & Lalor LLP
Grant Deed
$236,250 · Peoples Bk
Nov 24, 2004
$200,000
Clark LLP
Bowles,harold & Audrey
Grant Deed
$240,000 · Hopkins Fsb
—
—
Clark LLP
—
Deed Of Trust
related
$55,000 · Hopkins Fsb
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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