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

    509 Progress Dr Linthicum Heights, MD 21090

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-end office space in BWI Tech Park for rent.

    Property size:
    2,400 SF
    Lot size:
    105.10 Acres

    Property Features for 509 Progress Dr

    General Information

    Size
    2,400 SF
    Lot size
    105.10 Acres

    We can help!

    Listing Contact
    Lacey Johansson
    Source: Moodyscre

    Listing Agent: Lacey Johansson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Office Space in Linthicum

    Located in the BWI Tech Park off MD 295, 509 Progress Dr in Linthicum Heights, MD, offers a high-end office space with an open floor plan and carpet tile. The property is part of a 156-acre Anne Arundel County business community that includes over 1 million square feet of multi and single-story Class ‘A’ office, flex/R&D, retail, and a 936-unit self-storage facility managed by Extra Space Storage. The building features brick on block construction. Ceiling heights are 9 ft. clear in the office area. Parking is available at a ratio of 4-6 spaces per 1,000 sq. ft. The zoning is W-1 or C-4. The location provides immediate access to BWI Airport, Glen Burnie, and Baltimore, and is just minutes from I-695 and approximately 8 miles from Baltimore City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aetna Health Insurance Agency Advanced Surgery Center Surgical Center Maryland Specialty Surgery ... Surgical Center SUNDARAM KRISHNAN CHETTIAR Pain Management Physician M. CORNELIOUS MUSARA Surgeon

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Linthicum Heights
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6737817
    Latitude
    39.2159538

    Nearby Similar for Lease

    • New
      $2,300 /Mo
      11,761 SF

      Shared Office Space For Rent

      Bright, main-level shared office space with parking and storage.
      400 S Hammonds Ferry Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      15,600 SF

      BWI Tech Park Flex Space

      Flex/R&D space in 156-acre Anne Arundel County business community.
      705 Digital Dr, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      7,560 SF

      Linthicum Heights Flex/Medical Space

      Flex/Medical space in BWI Tech Park, Linthicum Heights, MD.
      809 Pinnacle Dr, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      167,393 SF

      BWI Tech Park Office Space

      Class A Office & Flex Space in Linthicum Heights
      0 Nursery Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      30,800 SF

      Hammonds Ferry Road Flex Space

      Linthicum Heights industrial flex space for lease.
      825 Hammonds Ferry Rd, Linthicum Heights, MD 21090
      View Details
    • $20 SF/Yr
      2,805 SF

      Class A Office Space Available

      Class A office space near BWI Airport for lease.
      1304 Concourse Dr, Linthicum Heights, MD 21090
      View Details
    • $17 SF/Yr
      16,000 SF

      Linthicum Heights Retail Center

      Prime Retail Space Available, High Visibility
      529 Camp Meade Rd, Linthicum Heights, MD 21090
      View Details
    • $15 SF/Yr
      1,100 SF

      Prime Linthicum Heights Executive Office

      1,100 SF Class A Office Space Available
      607 Camp Meade Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      8,000 SF

      Retail Development Near BWI Airport

      New retail development with high visibility and easy highway access.
      1405 W Nursery Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      2,800 SF

      Retail Development Near BWI Airport

      New retail development with high visibility and easy highway access.
      1425 W Nursery Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      10,688 SF

      Retail Space Near BWI Airport

      Highly visible retail space with frontage near BWI Airport.
      1709-1713 W Nursery Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      11,537 SF

      Linthicum Heights Office Sublease Opportunity

      Office sublease in Linthicum Heights with ample parking.
      785 Elkridge Landing Rd, Linthicum Heights, MD 21090
      View Details

    FAQs

    What type of property is this?
    Office space - High-end office space in BWI Tech Park for rent.
    Where is this office space located?
    The property is located at 509 Progress Dr Linthicum Heights, MD.
    What are key features of this property?
    This property features: - Immediate access to BWI Airport, Glen Burnie, and Baltimore via MD 295.; - Located in BWI Tech Park, a 156-acre business community.; - Class ‘A’ office space.
    (410) 788-0100
    Request Owner's contact information
    509 Progress Dr Linthicum Heights, MD 21090
    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.
    509 Progress Dr
    Linthicum Heights, MD 21090
    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
    509 Progress Dr Linthicum Heights, MD 21090
    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
    Lacey Johansson
    (410) 788-0100
    Learn more
    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.