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Property profile & analytics
FOR SALE
Drive through restaurants
8457 Fort Smallwood Rd Pasadena, MD 21122
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0424419
For Sale
1 / 5
$3,077,742
8457 Fort Smallwood Rd, Pasadena, MD 21122
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Construction
BRICK
Total area
2,372 SF
Lot
0.82 ac (35,806 SF)
Zoning code
C3
APN
03-693-25270700
UPID
US40-0424419
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
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$825k
Owner & transaction history
8457 Fort Smallwood LLC · 1 yrs held
8457 Fort Smallwood LLC
since 2024
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
C3 · Pasadena, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+3.1%
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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,150,000
Current use
OFFICE BUILDING
$1,190,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,010,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$985,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Sep 19 2024)
Last sale anchor
$825k
Sep 19 2024
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
$348 / 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
$6,657
Tax year 2023
Assessed value
$609,600
Assessed 2024
Previous assessed
$609,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$351,600
Assessed improvement
$258,000
Land market value
$351,600
Improvement market value
$258,000
Total market value
$609,600
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
1979
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,372 SF
Lot
0.82 ac (35,806 SF)
Zoning code
C3
APN
03-693-25270700
UPID
US40-0424419
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Pasadena, MD
Zoning C3 · permitted uses
C3 · 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
RESTAURANT Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
RESTAURANT Current
OFFICE BUILDING
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
Year built
1979
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
8457 Fort Smallwood LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2328 W JOPPA RD STE #200, LUTHERVILLE, MD 21093-4674
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 30, 2024
—
8457 Fort Smallwood LLC
—
Deed
related
$1,448,000 · Pinnacle Bank
Sep 19, 2024
$825,000
8457 Fort Smallwood LLC
Ltc Enterprises INC
Deed
—
Nov 3, 2022
$564,650
Ltc Enterprises INC
Lau Pasadena Investments LLC
Deed
—
Nov 10, 2010
$625,000
Lau Pasadena Investments LLC
Bader,john W III
Grant Deed
—
May 25, 2010
—
John W Bader III
Jones Lynn S Trust
Grant Deed
related
—
—
—
Lau Pasadena Investments LLC
—
Deed Of Trust
related
$450,000 · Pnc 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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