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Property profile & analytics
OFF-MARKET
Estimated value
$22,965,000
Investment properties
Florida Ave, Glen Burnie, MD 21061
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1808624
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1945
Construction
FRAME
Total area
1,398 SF
Lot
25.04 ac (1,090,742 SF)
Zoning code
W2
APN
05-153-02744000
UPID
US40-1808624
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
$22.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.97M
Owner & transaction history
Peppermill Drive LLC · 1 yrs held
Peppermill Drive LLC
since 2024
Last sale
$23.0M
6 recorded transactions
Zoning & alternative use
W2 · Glen Burnie, 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 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
$22,965,000
ML approach
$22,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.97M
Range $20.67M – $25.26M · ±10% · vs last sale $22.97M (Sep 10 2024)
Last sale anchor
$22.97M
Sep 10 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
$16,427 / 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
$35,447
Tax year 2023
Assessed value
$3,115,700
Assessed 2024
Previous assessed
$3,115,700
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,114,700
Assessed improvement
$1,000
Land market value
$3,114,700
Improvement market value
$1,000
Total market value
$3,115,700
Applied tax rate
5.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
1,398 SF
Lot
25.04 ac (1,090,742 SF)
Zoning code
W2
APN
05-153-02744000
UPID
US40-1808624
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Glen Burnie, MD
Zoning W2 · permitted uses
W2 · 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.
Building & site characteristics
From public records
Year built
1945
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
25.04 ac
Current owner
From public records · entity-resolved
Peppermill Drive LLC
Entity
Mailing address
3000 TURTLE CRK BLVDB, DALLAS, TX 75219-6268
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
Sep 10, 2024
$22,965,265
Peppermill Drive LLC
Creg Peppermill LLC
Deed
$17,940,000 · Cadence Bank NA
Sep 21, 2023
—
Creg Peppermill LLC
—
Deed
related
$12,500,000 · United Bank
Jul 27, 2023
$5,250,000
Creg Peppermill LLC
Peppermill Development LLC
Special Warranty Deed
—
Mar 28, 2023
—
Peppermill Development LLC
Peppermill Development LLC
Intrafamily Transfer
related
—
Mar 15, 2021
$71,165
Khi Properties LLC
Willis G Henry
Special Warranty Deed
—
Mar 15, 2021
$1,128,835
Peppermill Development LLC
Willis G Henry
Special Warranty 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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