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Property profile & analytics
OFF-MARKET
Estimated value
$4,245,000
Medical Office Space
7138 Ritchie Hwy Glen Burnie, MD 21061-2904
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2381337
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
BRICK
Total area
20,000 SF
Lot
0.63 ac (27,300 SF)
Zoning code
C3
APN
05-326-16907000
UPID
US40-2381337
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
-
Excelsia Injury Care Glen Burnie Physician
-
Paul Tymchenko, DC Alternative Medicine Practice
-
Dr. Constantine A. Misoul, MD Physician
-
Dr. Jonathan H. Dunn, MD Physician
-
Baltimore Work Rehab, an Excelsia Injury Care Company Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.92M
CAP Approach
CAP
$4.46M
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$4.25M
Owner & transaction history
63 Dob LLC · 4 yrs held
63 Dob LLC
since 2021
Last sale
$3.7M
4 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
Method
Estimation
Statistic approach
$4,955,000
ML approach
$4,915,000
CAP Approach
CAP Return
Estimation
6%
$4,835,000
6.5%
$4,460,000
7%
$4,145,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,670,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.25M
Range $3.82M – $4.67M · ±10% · vs last sale $3.70M (Aug 10 2021)
Last sale anchor
$3.70M
Aug 10 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
$212 / 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
$25,428
Tax year 2023
Assessed value
$2,328,600
Assessed 2023
Previous assessed
$2,329,100
0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$506,400
Assessed improvement
$1,822,200
Land market value
$506,400
Improvement market value
$1,822,200
Total market value
$2,328,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
20,000 SF
Lot
0.63 ac (27,300 SF)
Zoning code
C3
APN
05-326-16907000
UPID
US40-2381337
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$6.7M
WAREHOUSE, STORAGE
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
1973
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
63 Dob LLC
Entity
Mailing address
516 N CHARLES ST STE #139, BALTIMORE, MD 21201-5021
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$3,700,000
63 Dob LLC
Mrty Properties LLC
Deed
$1,700,000 · Sandy Spring Bank
Nov 15, 2007
$1,700,000
Mrty Properties LLC
Ward W H Non-exempt Trust
Grant Deed
$1,550,000 · Ward W H Non-exempt Trust
Feb 24, 2004
—
Ward Woodrow H Trust
Ward,woodrow H
Quit Claim Deed
related
—
—
—
Mrty Properties LLC
—
Deed Of Trust
related
$1,400,000 · Susquehanna Bank
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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