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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Office buildings
7231 Ritchie Hwy, Glen Burnie, MD 21061-6901
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0806932
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
BRICK
Total area
13,511 SF
Lot
1.51 ac (65,776 SF)
Zoning code
C3
APN
05-000-90029391
UPID
US40-0806932
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
-
webuyanycar.com Car Dealership
-
Onpoint Staffing Employment Agency
-
Sure Strike Pro Shop (Bike/Boat/Book/etc) Store Bowling Alley
-
Amy E. Recce, DC Alternative Medicine Practice
-
Anthony J. Recce Jr, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
Boyer Properties LLC · 5 yrs held
Boyer Properties LLC
since 2021
Last sale
$1.1M
5 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
$1,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,685,000
6.5%
$1,555,000
7%
$1,445,000
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.13M (Feb 9 2021)
Last sale anchor
$1.13M
Feb 9 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
$98 / 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
$17,099
Tax year 2023
Assessed value
$1,565,833
Assessed 2023
Previous assessed
$1,451,600
+7.9% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,009,000
Improvement market value
$785,300
Total market value
$1,794,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,511 SF
Lot
1.51 ac (65,776 SF)
Zoning code
C3
APN
05-000-90029391
UPID
US40-0806932
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
1981
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Boyer Properties LLC
Entity
Mailing address
2221 MARYLAND AVE, BALTIMORE, MD 21218-5627
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
Feb 9, 2021
$1,125,000
Boyer Properties LLC
Contact Properties LLC
Deed
$612,500 · Sandy Spring Bank
May 30, 2019
—
Ritchie Enterprises LLC
—
Deed
related
$1,060,000 · Orrstown Bank
Aug 17, 2012
—
Fine Properties LLC
Fine,howard
Quit Claim Deed
related
—
Sep 19, 1997
$743,672
Howard Fine
Plaza Assoc Ltd Ptshp
Grant Deed
$550,000 · Regal Savings Bank
Sep 19, 1997
$743,671
Howard Fine
Plaza Assocs Ltd
Grant Deed
$550,000
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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