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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
8133 Hog Nck Rd Pasadena, MD 21122-2214
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0731517
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
BRICK
Total area
910 SF
Lot
1.05 ac (45,912 SF)
Zoning code
C4
APN
03-000-02527807
UPID
US40-0731517
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
by Request
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$625k
Owner & transaction history
Gustav S Kurtz JR. · 13 yrs held
Gustav S Kurtz JR.
since 2012
6 recorded transactions
Zoning & alternative use
C4 · Pasadena, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
OFFICE BUILDING
$455,000
Current use
AUTO REPAIR, GARAGE
$385,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$375,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$687 / 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
$7,101
Tax year 2023
Assessed value
$650,267
Assessed 2023
Previous assessed
$650,267
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$442,500
Improvement market value
$245,400
Total market value
$687,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
BRICK
Heating
FORCED AIR
Stories
3
Units
2
Total area
910 SF
Lot
1.05 ac (45,912 SF)
Zoning code
C4
APN
03-000-02527807
UPID
US40-0731517
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Pasadena, MD
Zoning C4 · permitted uses
C4 · Pasadena, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$385,000
RETAIL STORES
Est. value
$375,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
FORCED AIR
Stories
3
Units
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Gustav S Kurtz JR.
Individual
Mailing address
7635 JEANNINE AVE, PASADENA, MD 21122-3548
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2012
$615,000
Gustav S Kurtz JR.
Reed,donald B SR & Bettie L
Grant Deed
$450,000 · Donald B SR & Bettie L Reed
Jul 8, 2009
—
Donald B Reed
8129 Hogneck Road LLC
Grant Deed
related
—
Dec 6, 1999
$300,000
Donald B Reed
Pasadena Warehousing INC
Grant Deed
$225,000 · Eastern Savings Bank
Dec 31, 1998
$125,000
Pasadena Warehousing INC
Branham,john E
Trustees Deed
related
—
—
—
Donald B Reed
—
Deed Of Trust
related
$268,000 · Severn Savings Bank Fsb
—
—
Pasadena Warehousing INC
—
Deed Of Trust
related
$126,000 · Banking Services Corp
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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