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Property profile & analytics
FOR LEASE
Strip malls
7800 Parke West Dr Glen Burnie, MD 21061
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1159193
For Lease
1 / 4
$7,800,000
7800 Parke West Dr, Glen Burnie, MD 21061
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
BRICK
Total area
22,604 SF
Lot
2.32 ac (101,059 SF)
Zoning code
C4
APN
04-000-04628400
UPID
US40-1159193
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
$7.43M
Blend (final)
Blend
$7.80M
Owner & transaction history
Js Parke West LLC · 4 yrs held
Js Parke West LLC
since 2021
Last sale
$7.8M
1 recorded transaction
Zoning & alternative use
C4 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.0M
+105.5%
Auto repair, garage
$9.6M
+79.9%
Industrial (general)
$9.5M
+77.3%
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
$10,450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,990,000
6.5%
$5,525,000
7%
$5,130,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,345,000
Current use
RESTAURANT
$10,980,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,615,000
Change: +80% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,470,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$9,365,000
Change: +75% · Conversion: Easy
MEDICAL BUILDING
$8,275,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,540,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,540,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$7.80M
Range $7.02M – $8.58M · ±10% · vs last sale $7.80M (Nov 16 2021)
Last sale anchor
$7.80M
Nov 16 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
$345 / 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
$58,559
Tax year 2023
Assessed value
$5,362,500
Assessed 2023
Previous assessed
$4,946,400
+8.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,276,000
Improvement market value
$4,918,700
Total market value
$6,194,700
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1997
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
22,604 SF
Lot
2.32 ac (101,059 SF)
Zoning code
C4
APN
04-000-04628400
UPID
US40-1159193
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Glen Burnie, MD
Zoning C4 · permitted uses
C4 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
RESTAURANT
Est. value
$11.0M
AUTO REPAIR, GARAGE
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
RETAIL STORES
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1997
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Js Parke West LLC
Entity
Mailing address
14610 BLACKBURN RD, BURTONSVILLE, MD 20866-3113
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
$7,800,000
Js Parke West LLC
H C H Properties INC
Deed
$5,300,000 · Community Bank Of The Chesapeake
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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