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Property profile & analytics
OFF-MARKET
Estimated value
$16,085,000
Community centers
550 Ritchie Hwy Severna Park, MD 21146-2953
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US40-1316392
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
BRICK
Total area
74,650 SF
Lot
20.82 ac (906,919 SF)
Zoning code
C3
APN
03-000-90045044
UPID
US40-1316392
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
-
Baylan Technologies Inc Business Management Consultant
-
Discount Flooring Experts General Contractor Renovation Specialist
-
RestNSX Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Smart Will Forms (Bike/Boat/Book/etc) Store Corporate Office
-
Society of Uniformed Services Psychiatrists Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.09M
Owner & transaction history
Park Station LLC · 19 yrs held
Park Station LLC
since 2007
2 recorded transactions
Zoning & alternative use
C3 · Severna Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$24.9M
+41.1%
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
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
NEIGHBORHOOD: SHOPPING CENTER
$17,645,000
Current use
WAREHOUSE, STORAGE
$24,895,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$16.09M
Range $14.48M – $17.69M · ±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
$215 / 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
$462,404
Tax year 2023
Assessed value
$42,344,733
Assessed 2023
Previous assessed
$42,093,267
+0.6% YoY
Effective rate
1.09%
On assessed value
Land market value
$20,827,800
Improvement market value
$21,768,400
Total market value
$42,596,200
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
9
Stories
1
Units
9
Total area
74,650 SF
Lot
20.82 ac (906,919 SF)
Zoning code
C3
APN
03-000-90045044
UPID
US40-1316392
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Severna Park, MDZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$17.6M
WAREHOUSE, STORAGE
Est. value
$24.9M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1987
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
9
Units
9
Lot
20.82 ac
Current owner
From public records · entity-resolved
Park Station LLC
Entity
Mailing address
1427 CLARKVIEW RD STE #500, BALTIMORE, MD 21209-0016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2017
—
Park Staton LLC
—
Deed
related
$23,300,000 · Miscellaneous Ins Co
Feb 6, 2007
—
Park Station LLC
Park Station LP Lllp
Quit Claim Deed
$28,000,000 · Hypro R/e Capital Corp
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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