Entity Owned Property summary
AI-generated overview
The property is a shopping center totaling 217,619 square feet, with 6,333 square feet of retail space configured for leasing. It provides 1,224 parking spaces, including 27 designated handicapped spaces, and includes a pylon sign available for tenant use. The center is situated along Ritchie Highway, offering visibility from the roadway, which has an average annual weekday traffic count of 23,772 vehicles. Access is provided through multiple points of entry and exit, including three drive connections at signalized intersections.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Construction
BRICK
Total area
53,490 SF
Lot
25.37 ac (1,105,117 SF)
Zoning code
C3
APN
03-000-13292600
UPID
US40-1431275
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bank Loan Service
-
Grocery & Convenience Store Food Market
-
Photography Service Party Supply Store
-
Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.66M
CAP Approach
CAP
$11.65M
Comparable Approach
Comparable
$13.01M
Blend (final)
Blend
$15.17M
Owner & transaction history
since 2021
Last sale
$16.4M
4 recorded transactions
Zoning & alternative use
C3 · Glen Burnie, MD
Top alternative use upside
Auto repair, garage
$22.8M
+2.6%
Industrial (general)
$22.4M
+1.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$15.17M
Value range
$13.65M – $16.68M
±10% around blend
Estimated value / SF
$284 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$13.65M
blend $15.17M
$16.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,490 SF
Lot area
25.37 ac
Year built
1999
Stories
1
APN
03-000-13292600
Zoning
C3
Assessed value
$16,375,000
Annual tax
$178,815
3
Income approach: direct capitalization
Partial preview
Income approach indication
$11.65M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$12.62M
@ 6.5% CAP return
$11.65M
@ 7% CAP return
$10.82M
4
Sales comparison
Partial preview
Sales approach indication
$13.01M
Range $3.67M – $13.01M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$15.17M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 61 sales
$414
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $284/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+3%
vs current-use indication
Industrial (general)
Retail Stores · current use
Medical Building
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
3.50%
Implied, in-place cap rate for this grocery and convenience stores
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.50%
9.0%
NOI (est.)
$1.15M *
Last sale · Oct 2021
$16.38M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$32.75M
Move the market yield to see immediate price impact.
Value / SF
$612
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.00%3.50%4.00%
$1.03M
$34.39M
$29.47M
$25.79M
$1.15M
$38.21M
$32.75M
$28.66M
$1.26M
$42.03M
$36.03M
$31.52M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$178,815
Tax year 2023
Assessed value
$16,375,000
Assessed 2023
Previous assessed
$16,375,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$14,953,700
Assessed improvement
$1,421,300
Land market value
$14,953,700
Improvement market value
$1,421,300
Total market value
$16,375,000
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Units
11
Total area
53,490 SF
Lot
25.37 ac (1,105,117 SF)
Zoning code
C3
APN
03-000-13292600
UPID
US40-1431275
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Glen Burnie, MDZoning C3 · permitted uses
C3 · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Units
11
Lot
25.37 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3
Jurisdiction
Glen Burnie, MD
Recorded code
C3
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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