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Property profile & analytics
OFF-MARKET
Estimated value
$5,325,000
Outlet malls
7953 Crain S Hwy, Glen Burnie, MD 21061-4934
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0668289
Property summary
AI-generated overview
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Walgreens pharmacy located at 7953 Crain Hwy S, Glen Burnie, MD 21061, within the Baltimore Metropolitan Statistical Area. The property, built in 2004, encompasses 13,650 square feet on a 1.15-acre lot and features a drive-thru. The Class A building is currently 100% occupied under a lease with Walgreens, the second-largest pharmacy chain in the United States, operating approximately 8,700 locations. The lease commenced June 1, 2004, and has a remaining term of approximately 4.8 years, with ten 5-year renewal options. The current lease expiration date is August 31, 2029. The property boasts a strong NOI of $414,999, resulting in an attractive 8.50% cap rate and a price per square foot of $357.68. The asking price for this exceptional net lease investment is $4,882,352. This is a rare opportunity to acquire a high-performing, low-maintenance investment property anchored by a credit-rated tenant in a densely populated and commercially active area. The property's strategic location on heavily trafficked Crain Highway ensures high visibility and accessibility. This investment offers a secure and stable income stream with significant long-term growth potential.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
14,014 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C1A
APN
03-000-00788810
UPID
US40-0668289
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Cardtronics ATM Atm
-
FedEx OnSite Postal Service Courier Service
-
Anthony Roane, RPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.33M
Owner & transaction history
Cie Maryland LLC · 11 yrs held
Cie Maryland LLC
since 2014
7 recorded transactions
Zoning & alternative use
C1A · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+17.2%
Auto repair, garage
$6.0M
+2.6%
Industrial (general)
$5.9M
+1.1%
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
RETAIL STORES
$5,805,000
Current use
RESTAURANT
$6,810,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,960,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,870,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$5,130,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,675,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.33M
Range $4.79M – $5.86M · ±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
$380 / 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
$38,064
Tax year 2023
Assessed value
$3,485,700
Assessed 2023
Previous assessed
$3,328,500
+4.7% YoY
Effective rate
1.09%
On assessed value
Land market value
$862,500
Improvement market value
$2,780,400
Total market value
$3,642,900
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
14,014 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C1A
APN
03-000-00788810
UPID
US40-0668289
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C1A · Glen Burnie, MD
Zoning C1A · permitted uses
C1A · 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
RETAIL STORES Current
Est. value
$5.8M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$4.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2004
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Cie Maryland LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2014
$297,721
Cie Maryland LLC
Wgmd Tic 7 LLC
Grant Deed
—
Dec 18, 2014
$738,341
Cie Maryland LLC
Wgmd Tic 8 LLC
Grant Deed
—
Dec 18, 2014
$1,093,619
Cie Maryland LLC
Wgmd Tic 9 LLC
Grant Deed
—
Dec 18, 2014
$529,939
Cie Maryland LLC
Wgmd Tic 11 LLC
Grant Deed
—
Dec 18, 2014
$206,417
Cie Maryland LLC
Wgmd Tic 12 LLC
Grant Deed
—
Dec 18, 2014
$506,123
Cie Maryland LLC
Wgmd Tic 2 LLC
Grant Deed
—
Dec 18, 2014
$714,526
Cie Maryland LLC
Wgmd Tic 10 LLC
Grant Deed
—
Dec 18, 2014
$482,301
Cie Maryland LLC
Wgmd Tic 6 LLC
Grant Deed
—
Dec 18, 2014
$190,542
Cie Maryland LLC
Wgmd Tic 5 LLC
Grant Deed
—
Dec 18, 2014
$893,157
Cie Maryland LLC
Wgmd Tic 4 LLC
Grant Deed
—
Dec 18, 2014
$734,370
Cie Maryland LLC
Wgmd Tic 3 LLC
Grant Deed
—
Oct 27, 2006
$255,000
Wgmd Tic 2 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Oct 27, 2006
$370,000
Wgmd Tic 3 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 6, 2006
$96,000
Wgmd Tic 5 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 21, 2005
$267,000
Wgmd Tic 11 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 21, 2005
$243,000
Wgmd Tic 6 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 21, 2005
$551,000
Wgmd Tic 9 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 10, 2005
$450,000
Wgmd Tic 4 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 10, 2005
$360,000
Wgmd Tic 10 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 10, 2005
$150,000
Wgmd Tic 7 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
—
Jun 10, 2005
—
Wgmd Tic 8 LLC
Cole Wg Glen Burnie Md LLC
Grant Deed
related
—
Dec 15, 2004
$6,125,000
Cole Wg Glen Burnie Md LLC
Crain & Crainmont LLC
Grant Deed
$3,369,000 · Wachovia Bank NA
May 20, 1998
$375,000
Charles Bros INC III
Dash In Food Stores INC
Trustees Deed
$840,000 · Green Tree Financial Corp
May 20, 1998
—
Dash N Food INC
Michaelson,benjamin
Trustees Deed
related
—
Sep 15, 1997
$355,000
Dash-in Foods INC
Benjamin Micharelson Trustee
Grant Deed
—
Sep 11, 1997
$355,000
Dash & In Foods INC
My-by,corporatio
Grant Deed
—
—
—
Charels Bros INC
—
Deed Of Trust
related
$870,000 · Textron Financial
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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