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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Warehouses
7915 Ritchie Hwy, Glen Burnie, MD 21061-4339
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1103651
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
BRICK
Total area
1,739 SF
Lot
0.71 ac (30,928 SF)
Zoning code
C2
APN
03-000-11914309
UPID
US40-1103651
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
-
Dr. Arthur D. Schulman, DDS Dental Office
-
Edward Leventhal D.D.S. Dental Office
-
Dr. Yvonne A. Tanner, DDS Dental Office
-
Dental Center Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$895k
Owner & transaction history
Ritchie Highway LLC · 1 yrs held
Ritchie Highway LLC
since 2025
5 recorded transactions
Zoning & alternative use
C2 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$740,000
+27.6%
Retail stores
$720,000
+24.3%
Medical building
$635,000
+9.8%
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
WAREHOUSE, STORAGE
$580,000
Current use
AUTO REPAIR, GARAGE
$740,000
Change: +28% · Conversion: Easy
RETAIL STORES
$720,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$635,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$515 / 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
$9,564
Tax year 2023
Assessed value
$875,867
Assessed 2023
Previous assessed
$875,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$550,600
Improvement market value
$325,400
Total market value
$876,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
1,739 SF
Lot
0.71 ac (30,928 SF)
Zoning code
C2
APN
03-000-11914309
UPID
US40-1103651
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Glen Burnie, MD
Zoning C2 · permitted uses
C2 · 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
WAREHOUSE, STORAGE Current
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$740,000
RETAIL STORES
Est. value
$720,000
MEDICAL BUILDING
Est. value
$635,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1973
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Ritchie Highway LLC
Entity
Mailing address
7917 RITCHIE HWY, GLEN BURNIE, MD 21061-4339
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 4, 2025
$1,200,000
Ritchie Highway LLC
Garibaldi 2018 LLC
Deed
$1,275,000 · Linkbank
May 14, 2018
—
Garibaldi 2018 LLC
—
Deed
related
$765,000 · Bank Of Glen Burnie
—
—
Marley Station Realty
—
Deed Of Trust
related
$600,000 · Sandy Spring Bank
—
—
Garibaldi 2018 LLC
—
Deed Of Trust
related
$765,000 · Bank Of Glen Burnie
—
—
Marley Station Realty Co
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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