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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Office buildings
487 New York Ave SB-1-4 Pasadena, MD 21122-5503
Entity Owned
Free & Clear
Property ID
US40-2338816
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
BRICK
Total area
1,320 SF
Zoning code
R2
APN
03-352-90037937
UPID
US40-2338816
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
$1.26M
Blend (final)
Blend
$905k
Owner & transaction history
Ts Grove Pt Marinas Am LLC
Ts Grove Pt Marinas Am LLC
since 2025
5 recorded transactions
Zoning & alternative use
R2 · 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
OFFICE BUILDING
$660,000
Current use
AUTO REPAIR, GARAGE
$560,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$545,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$686 / 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
$12,494
Tax year 2023
Assessed value
$1,144,100
Assessed 2023
Previous assessed
$1,120,400
+2.1% YoY
Effective rate
1.09%
On assessed value
Land market value
$700,600
Improvement market value
$467,200
Total market value
$1,167,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
BASEBOARD
Buildings
2
Stories
2
Units
3
Bathrooms
7
Total area
1,320 SF
Zoning code
R2
APN
03-352-90037937
UPID
US40-2338816
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R2 · Pasadena, MD
Zoning R2 · permitted uses
R2 · Pasadena, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$545,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1970
Construction
BRICK
Heating
BASEBOARD
Stories
2
Buildings
2
Units
3
Bathrooms
7
Current owner
From public records · entity-resolved
Ts Grove Pt Marinas Am LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3168 BRAVERTON ST, EDGEWATER, MD 21037-2674
Ownership since
2025
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
Mar 17, 2026
—
Ts Grove Pt Marinas Am LLC
—
Deed
related
$12,500,000 · Pinnacle Bank
Nov 20, 2025
$3,187,361
Ts Grove Pt Marinas Am LLC
Tbc Atlantic Marina LLC
Special Warranty Deed
—
Nov 15, 2021
—
Atlantic Marina Resort LLC
—
Deed
related
$5,600,000 · Cnb
Nov 2, 2006
$2,475,000
Tbc-atlantic Marina LLC
Grays Creek Landing LLC
Grant Deed
—
Feb 4, 2002
—
Grays Creek Landing LLC
—
Deed Of Trust
related
$1,071,000 · County National Bank
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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