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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Office buildings
7 Riggs Ave, Severna Park, MD 21146-3831
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0306449
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
BRICK
Total area
2,050 SF
Lot
0.17 ac (7,565 SF)
Zoning code
C2
APN
03-748-07018204
UPID
US40-0306449
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
-
Muñoz Estates and Trusts Law Firm
-
Muñoz & MacKenzie Law Firm
-
LaBarge Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$995k
Owner & transaction history
7 Riggs Ave LLC · 5 yrs held
7 Riggs Ave LLC
since 2021
Last sale
$835,000
5 recorded transactions
Zoning & alternative use
C2 · Severna Park, 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 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
$1,120,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,025,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$850,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $835k (Mar 2 2021)
Last sale anchor
$835k
Mar 2 2021
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
$485 / 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
$6,168
Tax year 2023
Assessed value
$564,800
Assessed 2023
Previous assessed
$564,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$400,400
Assessed improvement
$164,400
Land market value
$400,400
Improvement market value
$164,400
Total market value
$564,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
2,050 SF
Lot
0.17 ac (7,565 SF)
Zoning code
C2
APN
03-748-07018204
UPID
US40-0306449
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Severna Park, MD
Zoning C2 · permitted uses
C2 · Severna Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Severna Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$870,000
RETAIL STORES
Est. value
$850,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
7 Riggs Ave LLC
Entity
Mailing address
7 RIGGS AVE, SEVERNA PARK, MD 21146-3831
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Mar 2, 2021
$835,000
7 Riggs Ave LLC
Hobros LLC
Deed
$668,000 · Virginia Partners Bank
May 23, 2001
$355,000
Hobros LLC
Moscker,peter A & Terry L
Grant Deed
$284,000 · Allfirst Bank
—
—
Hobros LLC
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Hobros LLC
—
Deed Of Trust
related
$260,000 · Suntrust Bank NA
—
—
Hobros LLC
—
Deed Of Trust
related
$200,000 · Bank Of America
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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