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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
491 College Pkwy, Arnold, MD 21012-1858
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-1321005
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
BRICK
Total area
2,352 SF
Lot
6.34 ac (276,170 SF)
Zoning code
R1
APN
03-000-21739875
UPID
US40-1321005
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
-
Childs Landscape Contractors Inc Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$530k
Owner & transaction history
Rlk LLC · 22 yrs held
Rlk LLC
since 2004
6 recorded transactions
Zoning & alternative use
R1 · Arnold, 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 Arnold submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arnold 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
$350,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$860,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$785,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$225 / 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
$13,527
Tax year 2023
Assessed value
$1,238,700
Assessed 2023
Previous assessed
$1,238,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,041,000
Assessed improvement
$197,700
Land market value
$1,041,000
Improvement market value
$197,700
Total market value
$1,238,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,352 SF
Lot
6.34 ac (276,170 SF)
Zoning code
R1
APN
03-000-21739875
UPID
US40-1321005
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R1 · Arnold, MD
Zoning R1 · permitted uses
R1 · Arnold, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arnold. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$785,000
MEDICAL BUILDING
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
1985
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
6.34 ac
Current owner
From public records · entity-resolved
Rlk LLC
Entity
Mailing address
491 COLLEGE PKWY, ARNOLD, MD 21012-1858
Ownership since
2004
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
Dec 2, 2021
—
Rlk LLC
—
Deed
related
$535,000 · Wesbanco Bank INC
May 14, 2004
$1,500,000
Rlk LLC
Wayson Land Holdings LP
Grant Deed
$1,200,000 · Sandy Spring Bank
Dec 24, 1997
$420,000
Wayson Land Holdings LP
Childs,robert W
Grant Deed
related
—
Dec 17, 1997
$420,000
Wayson Land Holdings Ltd Ptnshp
Childs,robert W
Grant Deed
related
—
—
—
Rlk LLC
—
Deed Of Trust
related
$1,230,000 · Old Line Bank
—
—
Rlk LLC
—
Deed Of Trust
related
$300,000 · Sandy Spring 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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