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Property profile & analytics
OFF-MARKET
Estimated value
$8,315,000
Hospitals
7575 Howard Rd, Glen Burnie, MD 21060-8312
Entity Owned
10-yr Hold
Free & Clear
Property ID
US40-2072088
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1974
Construction
BRICK
Total area
25,218 SF
Lot
2.83 ac (123,275 SF)
Zoning code
R5
APN
03-000-90042049
UPID
US40-2072088
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
-
Kurt Light, OTR Physician
-
Martresha Wood Physician
-
Michele Oakley Physician
-
Marley Neck Health and Rehabilitation Center Medical Clinic
-
Howard Leasing Co LLC Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.32M
Owner & transaction history
Mneck Asset Ownership LLC · 10 yrs held
Mneck Asset Ownership LLC
since 2016
7 recorded transactions
Zoning & alternative use
R5 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.3M
+32.7%
Auto repair, garage
$10.7M
+16.2%
Industrial (general)
$10.6M
+14.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,235,000
Current use
RESTAURANT
$12,250,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,725,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,565,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$10,450,000
Change: +13% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,410,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$8.32M
Range $7.48M – $9.15M · ±10%
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
$330 / 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
$85,305
Tax year 2023
Assessed value
$7,811,833
Assessed 2023
Previous assessed
$7,600,000
+2.8% YoY
Effective rate
1.09%
On assessed value
Land market value
$681,300
Improvement market value
$7,554,200
Total market value
$8,235,500
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
97
Total area
25,218 SF
Lot
2.83 ac (123,275 SF)
Zoning code
R5
APN
03-000-90042049
UPID
US40-2072088
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R5 · Glen Burnie, MD
Zoning R5 · permitted uses
R5 · 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
MEDICAL BUILDING Current
Est. value
$9.2M
RESTAURANT
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$10.7M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
RETAIL STORES
Est. value
$10.5M
WAREHOUSE, STORAGE
Est. value
$8.4M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1974
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
97
Lot
2.83 ac
Current owner
From public records · entity-resolved
Mneck Asset Ownership LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4700 ASHWOOD DR STE #200, BLUE ASH, OH 45241-2424
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2016
—
Mneck Asset Ownership LLC
Maryland Nh Asset LLC
Grant Deed
—
Jun 18, 2013
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$1,728,000 · Ohi Asset Asset III (pa) Tr
May 30, 2008
$6,907,717
Maryland Nh Asset LLC
Thi Of Maryland R/e Holding Co Ll
Grant Deed
$74,927 · Ohi Asset III Trust
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$330,000 · Ohi Asset III Trust
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$2,051,000 · Ohi Asset III (pa) Trust
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$574,920 · Ohi Asset III (pa) Trust
—
—
Maryland Nh Asset LLC
—
Deed Of Trust
related
$2,350,000 · Ohi Asset III Pa Trust
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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