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Financial
Distress signals
Property profile

692 Ritchie Hwy Severna Park, MD 21146

FOR SALE
Other office properties
Property ID
US40-1492799
991 SF
Last sale May 2025 · $355,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 692 Ritchie Hwy in Severna Park, Maryland includes two contiguous office units (Suites 204 and 205) arranged as an adjacent, combined office layout. Suite 204 is configured with a large office area, storage space, a bathroom, a conference room, and a reception area. Suite 205 includes a large office area, a conference room, a bathroom, and a bullpen. Across the two suites, the space provides multiple bathrooms and dedicated conference rooms to support office operations with organized work and meeting areas within a single combined footprint.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$300k
Assessed land$180k
Assessed improvement$120k
Effective rate1.09%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$350k
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 5.27% cap applied$21k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$501/SF
County average, outlier-cleaned · 316 recorded sales of this use type
Observed band · Q1–Q3$224 – $956
Qualifying comparables16

Cap rate analysis

How does the asset earn?
5.27%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionANNE ARUNDEL

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.0
Tailor Shop9.4
Electrical Service9.3

Location

692 Ritchie Hwy Severna Park, MD 21146
County assessor Recorded deeds · 3 transfers 16 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
302 Ritchie, Severna Park, MD 21146-1903 $1,500,000 Sep 2023 2,328 SF
2nd Magothy, Severna Park, MD 21146 $200,000 May 2022 693 SF
7 Riggs, Severna Park, MD 21146-3831 $835,000 Mar 2021 2,050 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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