Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Spg Ridge Pkwy, MD

    • Grocery and convenience stores
    • 50,240 SF
    • 7.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1789249
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for Spg Ridge

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.25 lot acres
    Property size
    50,240 SF
    Zone code
    PUD
    Property type
    Grocery and convenience stores
    APN
    09-290923
    APU
    9290923

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,365,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pkwy
    County
    Frederick
    State
    Maryland
    Longitude
    -77.3459
    Latitude
    39.3989
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,185
    $2,368,500
    $4,184,300
    $6,552,800
    -
    $2,368,500
    $4,184,300
    $6,552,800

    Comparable in this City

    • Value Estimation by Request
      28,450 SF

      Belair Rd, MD

      GROCERY, SUPERMARKET • 28,450 SF
      Belair Rd, MD
      View Details
    • Value Estimation
      $635,000
      2,885 SF

      Reisterstown Rd, MD

      CONVENIENCE STORE • 2,885 SF
      Reisterstown Rd, MD
      View Details
    • Value Estimation
      $380,000
      880 SF

      Harford Rd, MD

      CONVENIENCE STORE • 880 SF
      Harford Rd, MD
      View Details
    • Value Estimation by Request
      36,914 SF

      Old National Pike, MD

      GROCERY, SUPERMARKET • 36,914 SF
      Old National Pike, MD
      View Details
    • Value Estimation
      $355,000
      2,993 SF

      Nn Point

      GROCERY, SUPERMARKET • 2,993 SF
      Nn Point, Rd, MD
      View Details
    • Value Estimation by Request
      1,274 SF

      Fingerboard Rd, MD

      CONVENIENCE STORE • 1,274 SF
      Fingerboard Rd, MD
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,004 SF

      Fully Leased Retail Strip Center

      Multi-tenant strip center in Middle River, MD, fully leased.
      105 Beacon Rd, Middle River, MD
      View Details
    • $2,300,000
      3,040 SF

      Joppatowne C-Store Owner-User Opportunity

      3,040 SF C-Store in Joppatowne, MD for sale.
      602 Pulaski Hwy, Joppa, MD
      View Details
    • $1,200,000
      3,996 SF

      Profitable Gas Station For Sale

      Gas station with carwash, laundromat, and deli; passive income.
      400 Bi-State Blvd, Delmar, MD
      View Details
    • Contact for pricing
      3,500 SF

      Auto Repair Shop with Yard

      3,500 SF auto repair shop with fenced yard.
      2010 Eastern Blvd, Middle River, MD
      View Details
    • Contact for pricing
      160,181 SF

      Two-Story Commercial Building in Marlow Heights

      160,181 SF commercial building at a major intersection.
      4101 Br Ave, Marlow Heights, MD
      View Details
    • Contact for pricing
      99,463 SF

      Retail Center in Prime Location

      High-performing retail center in Rockville, Maryland, 100% leased.
      Rockville Pike 1765, Rockville, MD
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,375 SF

      Retail Space Anchored by Giant

      Retail space available in Towson, anchored by Giant Food.
      8102 Loch Raven Blvd, Towson, MD
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space Near Andrews AFB

      Grocery-anchored retail space near Andrews Air Force Base.
      4803-4917 Allentown Rd, Camp Springs, MD
      View Details
    • Contact for pricing
      3,784 SF

      Retail Space in Waldorf Marketplace

      Retail space available in a busy Waldorf shopping center.
      2992-3010 Waldorf Marketplace, Waldorf, MD
      View Details
    • Contact for pricing
      3,232 SF

      Retail Space in Black Hill

      Retail space available in Germantown's Black Hill development.
      308 Baltusrol Dr, Germantown, MD
      View Details
    • Contact for pricing
      12,336 SF

      Retail Space in Joppatowne Plaza

      Retail property for lease in a busy Joppatowne location.
      1000 Joppa Farm Rd, Joppatowne, MD
      View Details
    • Contact for pricing
      75,000 SF

      Grocery Site in Growing Community

      75,000 SF grocery site in mixed-use community for lease.
      6100 Greenleigh Ave, Middle River, MD
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Spg Ridge
    Pkwy, MD
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.