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    Property profile & analytics

    7800 Parke W Dr Glen Burnie, MD 21061-4708

    • Strip malls
    • 22,604 SF
    • 2.32 lot acres
    OFF-MARKET
    Value Estimation
    $9,665,000
    Last Sale
    Nov 16, 2021
    $7,800,000
    Location Intelligence
    Property ID
    US40-1159193
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 7800 Parke W Dr

    Year built
    1997
    Construction
    BRICK
    Lot size
    2.32 lot acres
    Property size
    22,604 SF
    Zone code
    C4
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    04-000-04628400
    APU
    400004628400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,745,000
      6.5%
      $7,305,000
      7%
      $8,255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,390,000
      Geo Method
      $9,145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,110,000
      Retail
      $6,325,000
      Mixed-Use
      $8,595,000
      Hospitality
      $6,785,000
      Educational
      $6,935,000
      Residential Income
      $7,835,000
      Energy
      $7,200,000
      Income-Based Land
      $8,605,000
      Food Service
      $8,645,000

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.649
    Latitude
    39.1418
    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
    $58,559
    $0.00
    $0.00
    $5,362,500
    -
    $1,276,000
    $4,918,700
    $6,194,700

    Comparable in this City

    • Value Estimation by Request
      11,200 SF

      949 Ritchie Hwy

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      949 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • Value Estimation by Request
      8,284 SF

      123 Crain N Hwy

      SHOPPING CENTER, STRIP CENTER • 8,284 SF
      123 Crain N Hwy, Glen Burnie, MD 21061-3130
      View Details
    • Value Estimation by Request
      9,850 SF

      Crain Hwy

      SHOPPING CENTER, STRIP CENTER • 9,850 SF
      Crain Hwy, Glen Burnie, MD 21061
      View Details
    • Value Estimation by Request
      5,015 SF

      1812 Crain S Hwy

      SHOPPING CENTER, STRIP CENTER • 5,015 SF
      1812 Crain S Hwy, Glen Burnie, MD 21061-5505
      View Details
    • Value Estimation by Request
      8,284 SF

      123 Crain N Hwy

      SHOPPING CENTER, STRIP CENTER • 8,284 SF
      123 Crain N Hwy, Glen Burnie, MD 21061-3130
      View Details
    • Value Estimation by Request
      10,325 SF

      13 Aquahart Rd

      SHOPPING CENTER, STRIP CENTER • 10,325 SF
      13 Aquahart Rd, Glen Burnie, MD 21061-3901
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Available

      Retail space with dedicated entrance and shared parking.
      7311 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • $1,600,000
      7,500 SF

      Glen Burnie Retail Opportunity

      Retail property in Glen Burnie with redevelopment potential.
      900 Crain Hwy S, Glen Burnie, MD 21061
      View Details
    • $789,900
      0.07 Acres

      Established Tattoo Studio for Sale

      Thriving tattoo studio with real estate in prime location.
      208 N Crain Hwy, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      1,339 SF

      Ritchie Hwy Commercial Portfolio

      Glen Burnie, MD: 3-building investment.
      7346-7352 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • $789,900
      0.07 Acres

      Established Tattoo Studio Business Opportunity

      Turn-key tattoo studio with real estate in prime location.
      208 N Crain Hwy, Glen Burnie, MD 21061
      View Details
    • $2,465,000
      14,490 SF

      Glen Burnie NNN Lease Property

      NNN leased Walgreens with long-term renewal options and corporate guarantee.
      6700 Ritchie Hwy, Glen Burnie, MD 21061
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Glen Burnie

      Retail space for lease in Glen Burnie, Maryland.
      7800 Parke West Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      4,813 SF

      Glen Burnie Retail Space Available

      Retail spaces available in Glen Burnie, from 1,611 to 4,813 SF.
      6714 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      32,729 SF

      Glen Burnie Retail Opportunity

      Retail spaces available in Glen Burnie with high visibility.
      310-344 Hospital Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing

      Enclosed Mall Retail Opportunity

      Retail space available in Marley Station Mall, Glen Burnie.
      7880 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • Contact for pricing

      Enclosed Mall Retail Opportunity

      Retail space available in Marley Station Mall, Glen Burnie.
      7887 Twin Ridge Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      7,203 SF

      Retail Space in Glen Burnie

      Retail space available at a dominant Glen Burnie intersection.
      6711-6717 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
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    Glen Burnie, MD 21061-4708
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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