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    Property profile & analytics

    502 Ritchie Hwy Severna Park, MD 21146-2913

    • Auto shops
    • 4,250 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $6,665,000
    Last Sale
    Jul 06, 2021
    $5,375,000
    Location Intelligence
    Property ID
    US40-0652552
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jireh New And Used Tires / Tire Repair Shop
    • GetCoins Bitcoin ATM / Crypto Atm
    • Advance Auto Parts / Auto Parts Store
    • Severna Park Sunoco / Gas Station
    • ATM (Severna Park Services) / Atm

    Property Details for 502 Ritchie Hwy

    Construction
    BRICK
    Lot size
    0.99 lot acres
    Property size
    4,250 SF
    Zone code
    C3
    Property type
    Auto shops
    APN
    03-000-11960200
    APU
    300011960200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,960,000
      6.5%
      $5,360,000
      7%
      $4,930,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,510,000
      Geo Method
      $5,510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,340,000
      Retail
      $5,465,000
      Mixed-Use
      $6,210,000
      Hospitality
      $4,845,000
      Educational
      $5,910,000
      Residential Income
      $5,410,000
      Energy
      $5,375,000
      Income-Based Land
      $5,265,000
      Food Service
      $4,940,000

    Location Insight

    • Map
    • Local Demand
    City
    Severna Park
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5487
    Latitude
    39.0799
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,880
    $1,486,500
    $334,000
    $1,820,500
    -
    $1,486,500
    $334,000
    $1,820,500

    Comparable in this City

    • Value Estimation by Request
      2,280 SF

      518 Ritchie Hwy

      AUTO REPAIR, GARAGE • 2,280 SF
      518 Ritchie Hwy, Severna Park, MD 21146-2925
      View Details
    • Value Estimation by Request
      3,720 SF

      835 Ritchie Hwy

      AUTO REPAIR, GARAGE • 3,720 SF
      835 Ritchie Hwy, Severna Park, MD 21146-4116
      View Details
    • Value Estimation by Request
      2,150 SF

      24 Jones Sta W Rd

      AUTO REPAIR, GARAGE • 2,150 SF
      24 Jones Sta W Rd, Severna Park, MD 21146
      View Details
    • Value Estimation
      $365,000
      1,096 SF

      901 Ritchie Hwy

      AUTO REPAIR, GARAGE • 1,096 SF
      901 Ritchie Hwy, Severna Park, MD 21146-4124
      View Details
    • Value Estimation by Request
      2,175 SF

      537 Benfield Rd

      AUTO REPAIR, GARAGE • 2,175 SF
      537 Benfield Rd, Severna Park, MD 21146-2521
      View Details
    • Value Estimation by Request
      11,724 SF

      730 Cypress Rd

      AUTO REPAIR, GARAGE • 11,724 SF
      730 Cypress Rd, Severna Park, MD 21146-4246
      View Details

    Similar Nearby for Sale

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      Specialty property available for sale in Severna Park.
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      Severna Park Retail Pad Site

      Highly visible 0.29-acre corner retail pad site for sale.
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      Severna Park Specialty Property

      Specialty property available for sale in Severna Park.
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      Severna Park Specialty Property

      Specialty property available for sale in Severna Park.
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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Severna Park

      2000 SF retail space available for rent.
      548-596 Benfield Rd, Severna Park, MD 21146
      View Details
    • Contact for pricing
      2,840 SF

      Severna Park Regional Shopping Center

      Regional shopping center with high visibility and strong tenant mix.
      550 Ritchie Hwy, Severna Park, MD 21146
      View Details
    • Contact for pricing
      22,023 SF

      Retail Space on Ritchie Highway

      Shopping center with high visibility on Governor Ritchie Highway.
      450 Ritchie Hwy, Severna Park, MD 21146
      View Details
    • Contact for pricing
      1,702 SF

      Retail Space in Severna Park

      Retail space available for lease in Severna Park, MD.
      489 Ritchie Hwy, Severna Park, MD 21146
      View Details
    • Contact for pricing
      2,004 SF

      Retail Space in Severna Park

      Neighborhood shopping center anchored by Giant, Kohl's, Office Depot, Petco.
      543-575 Ritchie Hwy, Severna Park, MD 21146
      View Details
    • Contact for pricing
      3,428 SF

      Retail Space on Ritchie Highway

      Retail space with high visibility and strong traffic counts.
      572 Ritchie Hwy, Severna Park, MD 21146
      View Details
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    502 Ritchie Hwy
    Severna Park, MD 21146-2913
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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