Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1072 State Rte 3rd S Gambrills, MD 21054-1723
    Property profile & analytics

    1072 State Rte 3rd S, Gambrills, MD 21054-1723

    View on Map
    • Investment properties
    • 2,592 SF
    • 0.88 lot acres
    Off-Market
    Last Sale Nov 20, 2023
    Property ID
    US40-0870157
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1072 State Rte 3rd S

    Year built
    1995
    Lot size
    0.88 lot acres
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04-000-90085710
    APU
    400090085710

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2023 — Little Patuxent Land Owner LLC — Deed · related $1.2M · Linkbank
    Nov 20, 2023 — Little Patuxent Senior LLC Little Patuxent Senior LLC Intrafamily Transfer · related —
    Dec 2, 2022 — Little Patuxent Land Owner LLC Twin Fields LLC Deed —
    Dec 2, 2022 $450,000 Little Patuxent Land Owner LLC Samuel B Cooper JR Deed —
    Jun 27, 2016 $485,000 Samuel B Cooper JR Eckert,thomas & Brandi Grant Deed $525k · Queenstown Bk/md
    May 25, 2016 — Thomas Eckert — Deed · related $12k · Larry Nader
    May 31, 2006 $635,000 Thomas Eckert Watkins,james M & Winifred R Grant Deed $485k · Fremont Investment & Loan
    — — Thomas Eckert — Deed Of Trust · related $12k · Larry Nader

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gambrills
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6913
    Latitude
    39.0278
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD 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
    $5,367
    $648,600
    $1,000
    $649,600
    -
    $648,600
    $1,000
    $649,600

    Comparable in this City

    • Value Estimation by Request
      1,224 SF

      2491 Lee St

      OFFICE/RESIDENTIAL (MIXED USE)
      2491 Lee St, Gambrills, MD 21054-1718
      View Details
    • Value Estimation by Request
      1,424 SF

      697 State Rte 3rd N

      OFFICE/RESIDENTIAL (MIXED USE)
      697 State Rte 3rd N, Gambrills, MD 21054-1305
      View Details
    • Value Estimation by Request
      1,602 SF

      784 State Rte 3rd Nb

      OFFICE/RESIDENTIAL (MIXED USE)
      784 State Rte 3rd Nb, Gambrills, MD 21054-1320
      View Details
    • Value Estimation by Request
      1,164 SF

      2490 Bell Br Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2490 Bell Br Rd, Gambrills, MD 21054-2100
      View Details
    • Value Estimation by Request
      1,152 SF

      2362 Davidsonville Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2362 Davidsonville Rd, Gambrills, MD 21054-1922
      View Details
    • Value Estimation by Request
      2,985 SF

      2355 Davidsonville Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2355 Davidsonville Rd, Gambrills, MD 21054-2105
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,414 SF

      Freestanding Commercial Building on Annapolis Road

      6,414 SF building on 1.1-acre lot with C-1 zoning.
      851 Annapolis Rd, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Commercial Land on Route 424

      2.86 acres of commercial land on Davidsonville Road.
      2355 Davidsonville Rd, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Prime Land at Signalized Intersection

      7+ acres for retail/office/restaurant center development.
      1699 Millersville Rd, Millersville, MD 21054
      View Details
    • Contact for pricing
      Pending

      Development Opportunity in Anne Arundel

      2.45 acre property with development potential in Gambrills.
      1361 Defense Hwy, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Gambrills Development Opportunity

      Approved development and building permits for 75-unit assisted living.
      915 St Stephens Church Rd, Gambrills, MD 21054
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,788 SF

      Retail Space in Waugh Chapel

      Retail and dining destination in Gambrills, Maryland.
      1328-1360 Main Chapel Way, Gambrills, MD 21054
      View Details
    • Contact for pricing
      1,500 SF

      Medical Office Space Available

      Medical office space for lease in Waugh Chapel Town Centre.
      2614 Chapel Lake Dr, Gambrills, MD 21054
      View Details
    • Contact for pricing

      Retail Pad in Gambrills Gateway

      Retail pad for lease in a high-growth area.
      844-848 Crain Hwy, Gambrills, MD 21054
      View Details
    • Contact for pricing
      8,481 SF

      Retail Space in Waugh Chapel

      Retail and dining destination in Gambrills, Maryland.
      2616-2664 Chapel Lake Dr, Gambrills, MD 21054
      View Details
    • Contact for pricing

      C-3 Retail Ground Lease Land

      Ground lease opportunity with C-3 zoning and approved PERC for flexible commercial development on a major roadway.
      690 Robert Crain Hwy, Gambrills, MD 21054
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space Available For Lease

      Retail space available for ground lease or build to suit.
      1074 Crain Hwy, Gambrills, MD 21054
      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.
    1072 State Rte 3rd S
    Gambrills, MD 21054-1723
    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

    Thank You for Inquiry
    1072 State Rte 3rd S, Gambrills, MD, 21054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!