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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Retail space
5804 Ritchie Hwy Baltimore, MD 21225-3743
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0424294
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
BRICK
Total area
11,186 SF
Lot
1.14 ac (49,658 SF)
Zoning code
C4
APN
05-001-10545110
UPID
US40-0424294
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
-
Rite Aid Pharmacy Pharmacy
-
Dr. Lawrence Aiken, DDS Pharmacy
-
Michelle M. Lee, L Pharmacy
-
Amazon Hub Locker - Biase Postal Service Courier Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.18M
Owner & transaction history
Showroom Shine 4 LLC · 1 yrs held
Showroom Shine 4 LLC
since 2024
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
C4 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+65.7%
Restaurant
$2.5M
+63.3%
Office building
$2.3M
+47.4%
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 Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baltimore 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
$2,175,000
ML approach
$2,175,000
CAP Approach
CAP Return
Estimation
6%
$2,640,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,560,000
Current use
AUTO REPAIR, GARAGE
$2,580,000
Change: +66% · Conversion: Difficult
RESTAURANT
$2,545,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$2,295,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,050,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,845,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$1,700,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.18M (Sep 6 2024)
Last sale anchor
$2.18M
Sep 6 2024
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
$194 / 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
$24,511
Tax year 2023
Assessed value
$2,244,600
Assessed 2024
Previous assessed
$2,244,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$627,900
Assessed improvement
$1,616,700
Land market value
$627,900
Improvement market value
$1,616,700
Total market value
$2,244,600
Applied tax rate
5.0000
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
2002
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
11,186 SF
Lot
1.14 ac (49,658 SF)
Zoning code
C4
APN
05-001-10545110
UPID
US40-0424294
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Baltimore, MD
Zoning C4 · permitted uses
C4 · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2002
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Showroom Shine 4 LLC
Entity
Mailing address
5804 RITCHIE HWY, BALTIMORE, MD 21225
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 6, 2024
$2,175,000
Showroom Shine 4 LLC
R A Brooklyn Park LLC
Deed
$5,000,000 · Univest Bank & Trust Co
Nov 23, 2010
$1,675,000
R-a Brooklyn Park LLC
Brooklyn Cycle World INC
Grant Deed
—
Sep 2, 1997
$2,200,000
Brooklyn Cycle World INC
Maizlish,bernard L
Grant Deed
$242,000 · Seller
Aug 29, 1997
$2,200,000
Brooklyn Cycle World INC
Maizlish,bernar
Grant Deed
$2,042,000
—
—
Brooklyn Cycle World INC
—
Deed Of Trust
related
$400,000 · Srg Cap LLC
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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