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    Property profile & analytics

    1123 State Rte 3rd N, Unit 102 Gambrills, MD 21054-1715

    • Office Properties & Spaces
    • 1,252 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $9,850,000
    Last Sale
    Jan 31, 2022
    $10,107,677
    Location Intelligence
    Property ID
    US40-1420802
    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

    • Office Properties & Spaces

    Property Details for 1123 State Rte 3rd N

    Year built
    2008
    Lot size
    0.03 lot acres
    Property size
    1,252 SF
    Zone code
    C4
    Property type
    Office Properties & Spaces
    APN
    02-151-90230613
    APU
    215190230613

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,475,000
      6.5%
      $10,980,000
      7%
      $9,720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,155,000
      Geo Method
      $10,075,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,330,000
      Retail
      $9,005,000
      Mixed-Use
      $11,645,000
      Hospitality
      $12,280,000
      Educational
      $10,465,000
      Residential Income
      $9,710,000
      Energy
      $10,145,000
      Income-Based Land
      $11,605,000
      Food Service
      $9,330,000

    Location Insight

    • Map
    • Local Demand
    City
    Gambrills
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6915
    Latitude
    39.0232
    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
    $2,939
    $161,400
    $107,700
    $269,100
    -
    $161,400
    $107,700
    $269,100

    Comparable in this City

    • Value Estimation by Request
      12,410 SF

      1034 Md-3

      Office Properties & Spaces • 12,410 SF
      1034 Md-3, Gambrills, MD 21054
      View Details
    • Value Estimation
      $9,675,000
      1,111 SF

      1119 State Rte 3rd Nh

      CONDOMINIUM OFFICES • 1,111 SF
      1119 State Rte 3rd Nh, Gambrills, MD 21054-1787
      View Details
    • Value Estimation
      $9,745,000
      1,152 SF

      1125 State Rte 3rd Nb

      CONDOMINIUM OFFICES • 1,152 SF
      1125 State Rte 3rd Nb, Gambrills, MD 21054-1715
      View Details
    • Value Estimation
      $9,690,000
      1,170 SF

      1119 L N Crain N Hwy, Unit 213

      CONDOMINIUM OFFICES • 1,170 SF
      1119 L N Crain N Hwy, Gambrills, MD 21054-1787
      View Details
    • Value Estimation
      $9,980,000
      1,177 SF

      1119 M N Crain N Hwy, Unit 214

      CONDOMINIUM OFFICES • 1,177 SF
      1119 M N Crain N Hwy, Gambrills, MD 21054-1787
      View Details
    • Value Estimation
      $455,000
      1,148 SF

      1119 O N Crain Hwy, Unit 216

      CONDOMINIUM OFFICES • 1,148 SF
      1119 O N Crain Hwy, Gambrills, MD 21054
      View Details

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    Gambrills, MD 21054-1715
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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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