7102 Ritchie Hwy Glen Burnie, MD 21061-3787
Property Lookup
Property profile & analytics
7102 Ritchie Hwy Glen Burnie, MD 21061-3787
- Medical Office Space
- 4,000 SF
- 1.35 lot acres
Property ID
US40-0798870
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dr. Harvey P Brilliant, MD / Physician
- Krishnaswamy Ashok MD / Physician
- Emil Sedrakyan / Dental Office
- 7-Eleven / Grocery & Convenience Store
- EKB Realty Co / Real Estate Agency
Property Details for 7102 Ritchie Hwy
- Year built
- 1977
- Construction
- BRICK
- Lot size
- 1.35 lot acres
- Property size
- 4,000 SF
- Zone code
- C4
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 05-326-03486700
- APU
- 532603486700
Description
This exceptional retail investment opportunity presents a newly constructed, 4,100 square foot 7-Eleven convenience store with an integrated Roost fried chicken restaurant, situated on a 1.27-acre lot in Glen Burnie, Maryland. The property boasts a prominent location at 7102 Ritchie Hwy, benefiting from high visibility and traffic counts exceeding 30,000 vehicles daily. The building features durable construction with masonry, block, metal stud, and steel joist framing, topped with a membrane rubber roof. Ample parking is provided with 36 spaces. The property is zoned C4 and includes six MPD gas pumps. This is an absolute NNN lease with a 15-year primary term, commencing January 8, 2023, and including four to five-year options. The lease includes a 10% rent increase every five years, and during option periods. The Net Operating Income (NOI) is $402,000, resulting in a 4.90% cap rate. The asking price is $8,205,000. This investment offers a corporate guarantee with investment-grade credit and the potential for accelerated depreciation. The property's strong demographics and strategic location make it an attractive investment prospect. The Roost restaurant is the only one of its kind in Greater Maryland.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,080,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $965,000
- 6.5%
- $890,000
- 7%
- $830,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $838,000
Market price range: $187k - $912k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,465,000 Current use
- RETAIL STORES
- $1,660,000 Change: +13% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,335,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Glen Burnie
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.6145
- Latitude
- 39.1817
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,773
$0.00
$0.00
$1,444,433
-
$938,700
$506,000
$1,444,700
