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Property profile & analytics
OFF-MARKET
Estimated value
$13,095,000
Assisted living facilities
831 Ritchie Hwy Severna Park, MD 21146-4166
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1366723
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2005
Total area
36,720 SF
Lot
3.74 ac (162,914 SF)
Zoning code
R2
APN
03-222-90074464
UPID
US40-1366723
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
-
Kris-Leigh Assisted Living Physician
-
Cypress Cove Retirement Community Nursing Home
-
Cypress Creek Assisted Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.10M
Owner & transaction history
Cypress Creek Providers LLC · 2 yrs held
Cypress Creek Providers LLC
since 2023
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
R2 · Severna Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.7M
+98.0%
Commercial (general)
$8.0M
+24.9%
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 Severna Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Severna Park 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
$15,830,000
ML approach
$10,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,720,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,025,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$13.10M
Range $11.79M – $14.40M · ±10% · vs last sale $12.99M (Dec 8 2023)
Last sale anchor
$12.99M
Dec 8 2023
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
$357 / 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
$108,964
Tax year 2023
Assessed value
$9,978,400
Assessed 2023
Previous assessed
$9,978,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,628,700
Assessed improvement
$8,349,700
Land market value
$1,628,700
Improvement market value
$8,349,700
Total market value
$9,978,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2005
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
36,720 SF
Lot
3.74 ac (162,914 SF)
Zoning code
R2
APN
03-222-90074464
UPID
US40-1366723
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R2 · Severna Park, MD
Zoning R2 · permitted uses
R2 · Severna Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Severna Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$12.7M
COMMERCIAL (GENERAL)
Est. value
$8.0M
OFFICE BUILDING
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
2005
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
3.74 ac
Current owner
From public records · entity-resolved
Cypress Creek Providers LLC
Entity
Mailing address
5618 COMPTON LN, ELDERSBURG, MD 21784-8868
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$12,990,000
Cypress Creek Providers LLC
Black Dog Receiver LLC
Receivers Deed
$13,000,000 · Primis Bank
Mar 31, 2021
—
Kris Leigh Sebior Svcs At Cypress C
—
Deed
related
$2,880,000 · Newtek Small Busssiness Finance LLC
May 19, 2020
—
Kris-leigh Senior Svcs At Cypr
—
Deed
related
$2,120,000 · Newtek Small Busn Fin
Feb 2, 2018
—
Kris-leigh Senior Svcs At Cypr
—
Grant Deed
related
$15,200,000 · Sonabank NA
Jun 29, 2016
—
Kris-leigh Senior Svcs Of Cypress
—
Deed
related
$13,775,000 · Eagle Bk
Sep 27, 2011
—
Kris-leigh Senior Svcs Of Cypress
—
Deed Of Trust
related
$10,800,000 · First Mariner Bank
Oct 22, 2007
—
Kris-leigh Senior Svcs Of Cypress
—
Deed Of Trust
related
$2,045,359 · Sonabank NA
Nov 1, 2005
—
Kris-leigh Senior Svcs Of Cypress C
—
Deed Of Trust
related
$7,500,000 · Sonabank NA
—
—
Catered Living At Kris-leigh
—
Deed Of Trust
related
$475,000 · Key Bank & Trust
—
—
Kris-leigh Senior Svcs Of Cypres
—
Deed Of Trust
related
$4,200,000 · Sonabank NA
—
—
Kris-leigh Senior Svcs At Cypr
—
Deed Of Trust
related
$2,120,000 · Newtek Small Busn Fin
—
—
Kris-leigh Senior Svcs Of Cypress
—
Deed Of Trust
related
$250,000 · Patapsco Bank
—
—
Kris-leigh Senior Svcs Of Cypress
—
Loan Modification
related
$13,775,000 · Eagle Bk
—
—
Kris-leigh Catered Of Cypress Cov
—
Deed Of Trust
related
$700,000 · First Mariner Bank
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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