Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1287 Thompson Ave Severn, MD 21144

    View on Map
    Sponsored
    For Sale
    $750,000

    MULTI_FAMILY - Other - SEVERN, MD

    Property size:
    2,554 SF
    Lot size:
    0.83 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 6 at 3:06 am

    Property Features for 1287 Thompson Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking
    14
    Parking features
    Garage - Detached, Driveway
    Size
    2,554 SF
    Lot size
    0.83 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard, Hot Water(Heating)

    Building Details

    Year built
    1985
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Teal Clise
    Teal Clise

    eXp Realty LLC (888) 860-7369

    Listing agent Teal Clise (443) 570-3931 License #646248

    Listing date Mar 5, 2026

    MLS# MDAA2135862 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Multifamily Property with Detached Garage

    This multifamily property features a 4-bedroom, 3-bath single-family home of approximately 2,500 square feet, along with a 3-bedroom, 1-bath accessory apartment of approximately 1,089 square feet. The apartment is situated above a large detached garage on a lot of nearly an acre. The detached garage can accommodate at least four cars, and there is driveway parking for at least 10 cars. The main house and garage share one electric meter, while the apartment has its own separate electric meter. The primary residence is a split-foyer home with two family rooms, a formal living room, a formal dining room, and a rear deck. The accessory apartment is a flat-style unit with a kitchen, dining area, and family room. The property is located in Severn, MD. The property could be well suited for contractors, landscapers, or home-based businesses. The property will be delivered clear of belongings at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Severn
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.68313
    Latitude
    39.12981

    Nearby Similar for Sale

    • $475,000

      Golden Eagle Lane Property

      Property on Golden Eagle Lane, Severn, MD for sale.
      8532 Golden Eagle Ln, Severn, MD 21144
      View Details
    • $575,000

      Severn Specialty Property For Sale

      Specialty property available for sale in Severn, Maryland.
      7867 Chestnut Leaf Rd, Severn, MD 21144
      View Details
    • $774,990

      Severn Specialty Property For Sale

      Specialty property available for purchase in Severn, Maryland.
      8118 Quarterfield Rd, Severn, MD 21144
      View Details
    • $610,000

      Crossbay Drive Specialty Property

      Specialty property available for sale.
      7859 Crossbay Dr, Severn, MD 21144
      View Details
    • $379,000

      Severn Specialty Property For Sale

      Specialty property available for purchase in Severn, Maryland.
      771 Queenstown Rd, Severn, MD 21144
      View Details
    • $475,000

      Severn Specialty Property For Sale

      Specialty property available for purchase in Severn, Maryland.
      8238 Wb And A Rd, Severn, MD 21144
      View Details
    • $570,000

      Golden Pine Circle Property

      Property at Golden Pine Circle, Severn, Maryland.
      7806 Golden Pine Cir, Severn, MD 21144
      View Details
    • $415,000

      Severn Specialty Property For Sale

      Specialty property available for purchase in Severn, Maryland.
      7929 Canter Ct, Severn, MD 21144
      View Details
    • $370,000

      Severn Specialty Property For Sale

      Specialty property available for purchase in Severn, Maryland.
      1734 Sea Pine Cir, Severn, MD 21144
      View Details
    • $875,000

      Severn Specialty Property For Sale

      Specialty property available for purchase in Severn, Maryland.
      725 Blackhorse Trl, Severn, MD 21144
      View Details
    • $455,000

      GRAHAM FARM Circle Property

      Property at 1454 GRAHAM FARM Cir, Severn, MD 21144.
      1454 Graham Farm Cir, Severn, MD 21144
      View Details
    • $875,000

      Severn Specialty Property For Sale

      Specialty property available for purchase in Severn, Maryland.
      8112 Tulip Poplar Ct, Severn, MD 21144
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property with accessory apartment and large detached garage.
    Where is this duplex located?
    The property is located at 1287 Thompson Ave Severn, MD.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Multifamily property featuring a 4-bedroom house and a 3-bedroom apartment.; - **Detached garage accommodates at least four cars, plus driveway parking for 10+ cars.**; - Nearly an acre of land suitable for parking, trailers, or equipment.
    (443) 570-3931
    Request Owner's contact information
    1287 Thompson Ave Severn, MD 21144
    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.
    1287 Thompson Ave
    Severn, MD 21144
    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
    1287 Thompson Ave Severn, MD 21144
    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

    We can help!
    Listing Contact
    Teal Clise
    Teal Clise
    Real Estate License ID: ABR005668
    (443) 570-3931 (443) 660-9229 (888) 860-7369
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!