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Property profile & analytics
OFF-MARKET
Estimated value
$68,770,000
Community centers
8070 Ritchie Hwy Pasadena, MD 21122-1085
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1732236
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Construction
BRICK
Total area
303,626 SF
Lot
20.88 ac (909,533 SF)
Zoning code
C3
APN
03-445-15902501
UPID
US40-1732236
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
$74.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$68.77M
Owner & transaction history
Paramount Crossroads At Pasadena Ll · 4 yrs held
Paramount Crossroads At Pasadena Ll
since 2021
Last sale
$69.0M
5 recorded transactions
Zoning & alternative use
C3 · Pasadena, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$111.2M
+54.9%
Warehouse, storage
$101.3M
+41.1%
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
$92,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$80,430,000
6.5%
$74,240,000
7%
$68,940,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$71,770,000
Current use
MEDICAL BUILDING
$111,180,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$101,250,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$68.77M
Range $61.89M – $75.65M · ±10% · vs last sale $69.00M (Dec 9 2021)
Last sale anchor
$69.00M
Dec 9 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
$226 / 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
$164,656
Tax year 2023
Assessed value
$15,078,433
Assessed 2023
Previous assessed
$14,248,667
+5.8% YoY
Effective rate
1.09%
On assessed value
Land market value
$8,352,000
Improvement market value
$7,556,200
Total market value
$15,908,200
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
303,626 SF
Lot
20.88 ac (909,533 SF)
Zoning code
C3
APN
03-445-15902501
UPID
US40-1732236
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Pasadena, MDZoning C3 · permitted uses
C3 · Pasadena, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$71.8M
MEDICAL BUILDING
Est. value
$111.2M
WAREHOUSE, STORAGE
Est. value
$101.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
20.88 ac
Current owner
From public records · entity-resolved
Paramount Crossroads At Pasadena Ll
Individual
Mailing address
1195 HWY 70TH STE #2000, LAKEWOOD, NJ 08701-6100
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
$69,000,000
Paramount Crossroads At Pasadena Ll
Svap II Pasadena Crossroads LLC
Special Warranty Deed
$48,300,000 · Provident Bank
Jun 19, 2019
—
Svap II Pasadena Crossroads Ll
—
Grant Deed
related
$45,000,000 · Keybank USA
Aug 6, 2010
—
Pasadena Crossroads LLC
Pasadena Crossroads LLC
Quit Claim Deed
related
—
Oct 3, 2008
—
Five Pumphreys Ptshp LLC
Pumphrey Louis E JR
Quit Claim Deed
—
Oct 3, 2008
$2,570,740
Arundel Property Investors
Five Pumphreys Ptshp LLC
Grant Deed
—
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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