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Property profile & analytics
OFF-MARKET
Estimated value
$5,305,000
Retail space
500 Ritchie Hwy, Severna Park, MD 21146-2954
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1226664
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Construction
BRICK
Total area
22,696 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C3
APN
03-000-90066575
UPID
US40-1226664
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
-
Park Hardware Building Supply Hardware & Home Improvement
-
Advance Auto Parts Auto Parts Store
-
UPS Access Point location Courier Service Postal Service
-
Greg's Driving School of Severna Park Training Center Vocational School
-
Floors By Desighn Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
$5.52M
Blend (final)
Blend
$5.31M
Owner & transaction history
500 502 Ritchie LLC · 5 yrs held
500 502 Ritchie LLC
since 2021
Last sale
$5.4M
3 recorded transactions
Zoning & alternative use
C3 · Severna Park, 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 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
$7,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,355,000
6.5%
$4,940,000
7%
$4,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,310,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,570,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.31M
Range $4.77M – $5.84M · ±10% · vs last sale $5.38M (Jul 6 2021)
Last sale anchor
$5.38M
Jul 6 2021
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
$234 / 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
$38,948
Tax year 2023
Assessed value
$3,566,700
Assessed 2023
Previous assessed
$3,561,000
+0.2% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,595,000
Improvement market value
$1,977,400
Total market value
$3,572,400
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
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Total area
22,696 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C3
APN
03-000-90066575
UPID
US40-1226664
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Severna Park, MD
Zoning C3 · permitted uses
C3 · 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
MEDICAL BUILDING
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$7.6M
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
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
500 502 Ritchie LLC
Entity
Mailing address
116 SEVERN RIV RD, SEVERNA PARK, MD 21146-4660
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
—
500 502 Ritchie LLC
—
Deed
related
$1,500,000 · Sandy Spring Bank
Jul 6, 2021
$5,375,000
500 502 Ritchie LLC
Sosnoski Properties LLC
Special Warranty Deed
$4,000,000 · Sandy Spring Bank
May 11, 2011
—
Sosnoski Properties LLC
Sosnoski,emilie
Quit Claim Deed
related
—
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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