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Property profile & analytics
FOR LEASE
Office buildings
1025 W Nursery Rd Linthicum, MD 21090
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1512109
For Lease
1 / 3
$10,485,000
1025 W Nursery Rd, Linthicum, MD 21090
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
BRICK
Total area
38,715 SF
Lot
2.87 ac (125,017 SF)
Zoning code
W1B
APN
05-000-90065858
UPID
US40-1512109
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
Current use
Occupant on record · Public records
-
Foundations Psychiatric Rehabilitation Program Crisis Center Medical Clinic
-
Foundations Medical Adult Day Care Adult Day Care
-
OffSpec Car & Automotive Lifts Building Supply
-
ViprTech - Gaming PC Desktops Electronics & Wireless Store
-
Tender Heart Group LLC Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.67M
Blend (final)
Blend
$10.49M
Owner & transaction history
Coleman Logistics Assets LLC · 4 yrs held
Coleman Logistics Assets LLC
since 2021
Last sale
$13.4M
7 recorded transactions
Zoning & alternative use
W1B · Linthicum Hts, 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 Linthicum submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Linthicum 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$16,465,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,220,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$16,045,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$10.49M
Range $9.44M – $11.53M · ±10% · vs last sale $13.36M (Nov 2 2021)
Last sale anchor
$13.36M
Nov 2 2021
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
$271 / 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
$30,618
Tax year 2023
Assessed value
$2,803,867
Assessed 2023
Previous assessed
$2,676,400
+4.8% YoY
Effective rate
1.09%
On assessed value
Land market value
$634,300
Improvement market value
$2,424,500
Total market value
$3,058,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1990
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
38,715 SF
Lot
2.87 ac (125,017 SF)
Zoning code
W1B
APN
05-000-90065858
UPID
US40-1512109
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1B · Linthicum Hts, MD
Zoning W1B · permitted uses
W1B · Linthicum Hts, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Linthicum Hts. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$16.5M
INDUSTRIAL (GENERAL)
Est. value
$16.2M
RETAIL STORES
Est. value
$16.0M
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1990
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
Coleman Logistics Assets LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Coleman Logistics Assets LLC
—
Deed
related
$4,079,721 · Societe Generale
Nov 17, 2021
—
Coleman Logistics Assets LLC
—
Deed
related
$77,130,800 · Hampshire Logistics Assets LLC
Nov 2, 2021
$13,364,000
Coleman Logistics Assets LLC
Md Owner Pool 2 West Northeast Midw
Special Warranty Deed
—
Nov 12, 2019
—
Icon Dp Md Owner Pool 2 West Northe
—
Deed
related
—
Mar 14, 2018
—
Icon Dp Md Owner Pool 2 West & N
—
Deed
related
$385,000 · Miscellaneous Ins Co
Jun 27, 2012
$5,700,000
Bre Of Dp Md LLC
Linthicum Property LLC
Grant Deed
$21,100,000 · General Electric Capital Corp
Aug 5, 1998
$1,014,446
Linthicum Property LLC
West Nursery Land Holding LP
Grant Deed
—
—
—
Icon Dp Md Owner Pool 2 West & N
—
Deed Of Trust
related
$385,000 · Miscellaneous Ins Co
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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