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Property profile & analytics
FOR LEASE
Strip malls
520 E Ridgeville Blvd, Mount Airy, MD 21771
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1675664
For Lease
1 / 2
$4,200,000
520 E Ridgeville Blvd, Mount Airy, MD 21771
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,738 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CC
APN
13-030766
UPID
US40-1675664
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
by Request
Blend (final)
Blend
$4.20M
Owner & transaction history
James Properties Vii LLC · 5 yrs held
James Properties Vii LLC
since 2020
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
CC · Mount Airy, 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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
$4,125,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.24M (Jul 8 2020)
Last sale anchor
$4.24M
Jul 8 2020
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
$391 / 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
$28,791
Tax year 2023
Assessed value
$2,221,167
Assessed 2023
Previous assessed
$2,051,333
+8.3% YoY
Effective rate
1.30%
On assessed value
Land market value
$857,200
Improvement market value
$1,533,800
Total market value
$2,391,000
Applied tax rate
131.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,738 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CC
APN
13-030766
UPID
US40-1675664
Jurisdiction
CARROLL
Zoning & alternative use
CC · Mount Airy, MD
Zoning CC · permitted uses
CC · Mount Airy, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
James Properties Vii LLC
Entity
Mailing address
681 SOUTHLAWN LN, ROCKVILLE, MD 20850-1458
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
Jul 8, 2020
$4,240,000
James Properties Vii LLC
Norvin Mt Airy Retail LLC
Grant Deed
$2,650,000 · Sandy Spring Bk
May 25, 2016
$2,400,000
Norvin Mount Airy Retail LLC
Ravid Mount Airy LLC
Grant Deed
—
May 17, 2013
$4,593,750
Ravid Mount Airy LLC
Lbubs 2000-c3 Ridgeville
Grant Deed
$4,615,000 · Eagle Bank
Oct 2, 2012
$4,650,000
Lbubs 2000-c3 Ridgeville
Cohen,cindi E
Trustees Deed
related
—
—
—
C H Partners LP
—
Deed Of Trust
related
$8,850,000 · Warburgh Dillon Read Swaps INC
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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