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Property profile & analytics
OFF-MARKET
Estimated value
$17,185,000
Super regional malls
6711 Ritchie Hwy, Glen Burnie, MD 21061-2315
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US40-1526404
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1962
Total area
193,746 SF
Lot
31.04 ac (1,352,102 SF)
Zoning code
C3
APN
05-000-90224761
UPID
US40-1526404
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
-
Sally Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
Lane Bryant Clothing & Fashion Store
-
Five Guys Restaurant Take-out & Catering
-
Centre At Glen Burnie Shopping Center & Mall
-
Governor Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.19M
Owner & transaction history
6711 Glen Burnie Retail LLC · 10 yrs held
6711 Glen Burnie Retail LLC
since 2016
7 recorded transactions
Zoning & alternative use
C3 · Glen Burnie, 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 Glen Burnie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Burnie 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$89 / 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
$216,656
Tax year 2023
Assessed value
$19,840,267
Assessed 2023
Previous assessed
$17,730,400
+11.9% YoY
Effective rate
1.09%
On assessed value
Land market value
$17,382,400
Improvement market value
$6,677,600
Total market value
$24,060,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1962
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
6
Stories
2
Units
7
Total area
193,746 SF
Lot
31.04 ac (1,352,102 SF)
Zoning code
C3
APN
05-000-90224761
UPID
US40-1526404
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Glen Burnie, MD
Zoning C3 · permitted uses
C3 · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Burnie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
6
Units
7
Lot
31.04 ac
Current owner
From public records · entity-resolved
6711 Glen Burnie Retail LLC
Entity
Mailing address
636 OLD YORK RD STE, JENKINTOWN, PA 19046-2858
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2020
—
6711 Glen Burnie Retail LLC
—
Deed
related
$25,000,000 · Fulton Bank NA
Oct 4, 2018
—
6711 Glen Burnie Retail LLC
—
Grant Deed
related
$11,500,000 · Keybank USA
Apr 9, 2018
—
Ritchie Ventures LLC
—
Deed
related
$1,000,000 · Howard Bk
Sep 7, 2016
—
6711 Glen Burnie Retail LLC
—
Deed
related
$10,600,000 · Wells Fargo Bank NA
Mar 14, 2016
$15,000,000
6711 Glen Burnie Retail LLC
Bacm 2006-5 Ritchie Highway Ll
Grant Deed
—
Jul 19, 2012
—
Bacm 2006-5 Ritchie Highway Ll
Pvi Glen Burnie LP
Deed In Lieu Of Foreclosure
related
—
—
—
Glen Burnie Restaurant LLC
—
Deed Of Trust
related
$1,050,000 · Ge Capital Franchise Finance
—
—
Ritchie Ventures LLC
—
Deed Of Trust
related
$1,000,000 · Howard Bk
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.
Try Rey
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