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    Property profile & analytics

    1074 State Rte 3rd S Gambrills, MD 21054-1723

    • Investment properties
    • 1,284 SF
    • 3.16 lot acres
    OFF-MARKET
    Value Estimation
    $1,715,000
    Last Sale
    Nov 20, 2023
    $1,800,000
    Location Intelligence
    Property ID
    US40-0682297
    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

    • Investment properties

    Property Details for 1074 State Rte 3rd S

    Year built
    1985
    Lot size
    3.16 lot acres
    Property size
    1,284 SF
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04-000-02321000
    APU
    400002321000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,945,000
      6.5%
      $1,845,000
      7%
      $1,865,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,760,000
      Geo Method
      $2,015,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,655,000
      Retail
      $2,090,000
      Mixed-Use
      $1,725,000
      Hospitality
      $2,065,000
      Educational
      $2,115,000
      Residential Income
      $1,850,000
      Energy
      $1,765,000
      Income-Based Land
      $1,675,000
      Food Service
      $1,680,000

    Location Insight

    • Map
    • Local Demand
    City
    Gambrills
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6918
    Latitude
    39.0274
    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
    $21,794
    $2,311,600
    $1,000
    $2,312,600
    -
    $2,311,600
    $1,000
    $2,312,600

    Comparable in this City

    • Value Estimation by Request
      884 SF

      1341 Defense Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 884 SF
      1341 Defense Hwy, Gambrills, MD 21054-1903
      View Details
    • Value Estimation
      $335,000
      1,152 SF

      1058 State Rte 3rd N

      OFFICE/RESIDENTIAL (MIXED USE) • 1,152 SF
      1058 State Rte 3rd N, Gambrills, MD 21054-1712
      View Details
    • Value Estimation
      $445,000
      3,432 SF

      710 State Rte 3rd N

      OFFICE/RESIDENTIAL (MIXED USE) • 3,432 SF
      710 State Rte 3rd N, Gambrills, MD 21054-1312
      View Details
    • Value Estimation
      $460,000
      1,432 SF

      717 State Rte 3rd N

      OFFICE/RESIDENTIAL (MIXED USE) • 1,432 SF
      717 State Rte 3rd N, Gambrills, MD 21054-1303
      View Details
    • Value Estimation
      $270,000
      1,104 SF

      719 State Rte 3rd N

      OFFICE/RESIDENTIAL (MIXED USE) • 1,104 SF
      719 State Rte 3rd N, Gambrills, MD 21054-1303
      View Details
    • Value Estimation
      $330,000
      1,432 SF

      1371 Defense Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,432 SF
      1371 Defense Hwy, Gambrills, MD 21054-1903
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Gambrills Specialty Property For Sale

      Specialty property available for purchase in Gambrills, Maryland.
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    Similar Nearby for Lease

    • Contact for pricing
      42,000 SF

      Gambrills Medical Office Space

      Prime Medical Office Suites Available in Waugh Chapel
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    • $28 SF/Yr
      14,500 SF

      Hopkins Business Center Retail Space

      Prime Retail Space, High Traffic Area, Anne Arundel County
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    • Contact for pricing
      2,307 SF

      Retail Space in Waugh Chapel

      Retail and dining destination in Gambrills, Maryland.
      1328-1360 Main Chapel Way, Gambrills, MD 21054
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    • Contact for pricing
      8,481 SF

      Retail Space in Waugh Chapel

      Retail and dining destination in Gambrills, Maryland.
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    • 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
    • $32 SF/Yr
      2,100 SF

      Waugh Chapel Town Center Office

      Office/Medical space in Waugh Chapel Town Center.
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      View Details
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    Gambrills, MD 21054-1723
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    Realmo Value Estimation

    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.

    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.

    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
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