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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Retail space
4301 Annapolis Rd, Halethorpe, MD 21227-3621
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1308283
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
8,320 SF
Lot
0.87 ac (37,810 SF)
Zoning code
BLCNS
APN
13-1319580091
UPID
US40-1308283
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
$1.96M
Blend (final)
Blend
$2.18M
Owner & transaction history
Tria Adelphia Seven LLC · 6 yrs held
Tria Adelphia Seven LLC
since 2020
5 recorded transactions
Zoning & alternative use
BLCNS · Halethorpe, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+65.7%
Restaurant
$1.9M
+63.3%
Office building
$1.7M
+47.4%
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 Halethorpe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Halethorpe 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
AUTO REPAIR, GARAGE
$1,920,000
Change: +66% · Conversion: Difficult
RESTAURANT
$1,890,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$1,710,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,320,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±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
$262 / 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
$13,226
Tax year 2023
Assessed value
$2,094,833
Assessed 2023
Previous assessed
$2,030,200
+3.2% YoY
Effective rate
0.63%
On assessed value
Land market value
$579,500
Improvement market value
$1,644,600
Total market value
$2,224,100
Applied tax rate
13.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
8,320 SF
Lot
0.87 ac (37,810 SF)
Zoning code
BLCNS
APN
13-1319580091
UPID
US40-1308283
Jurisdiction
BALTIMORE
Zoning & alternative use
BLCNS · Halethorpe, MD
Zoning BLCNS · permitted uses
BLCNS · Halethorpe, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Halethorpe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Tria Adelphia Seven LLC
Entity
Mailing address
2101 N KENSINGTON ST, ARLINGTON, VA 22205-3248
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2020
—
Tria Adelphia Seven LLC
Demetrios Nicholakos
Deed
$1,041,219 · Truist Bank
Sep 26, 2019
—
Demetrios Nicholakos
Nicholakos,demetrios
Quit Claim Deed
related
—
Aug 18, 2017
$2,370,000
Demetrios Nicholakos
Hres Halethorpe LLC
Grant Deed
$1,100,000 · Branch Bk&tr
Jun 3, 2016
$190,000
Hres Halethorpe LLC
4301 Annapolis LLC
Grant Deed
$1,689,000 · Usameribank
Jul 26, 2005
—
4301 Annapolis LLC
Bond,carroll L JR
Grant Deed
—
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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