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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Industrial properties
1230 Cronson Blvd Gambrills, MD 21054
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1122885
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1977
Construction
BRICK
Total area
12,000 SF
Lot
10 ac (435,600 SF)
Zoning code
W3
APN
02-000-11306117
UPID
US40-1122885
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$3.76M
Owner & transaction history
Cronson Boulevard · 18 yrs held
Cronson Boulevard
since 2007
1 recorded transaction
Zoning & alternative use
W3 · Gambrills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+16.0%
Auto repair, garage
$5.1M
+1.5%
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 Gambrills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gambrills 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
INDUSTRIAL (GENERAL)
$5,030,000
Current use
RESTAURANT
$5,830,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,105,000
Change: +2% · Conversion: Easy
RETAIL STORES
$4,975,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$4,395,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±10%
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
$313 / 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
$31,239
Tax year 2023
Assessed value
$2,860,700
Assessed 2023
Previous assessed
$2,560,600
+11.7% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,723,600
Assessed improvement
$137,100
Land market value
$2,723,600
Improvement market value
$137,100
Total market value
$2,860,700
Applied tax rate
2.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1977
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
12,000 SF
Lot
10 ac (435,600 SF)
Zoning code
W3
APN
02-000-11306117
UPID
US40-1122885
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W3 · Gambrills, MD
Zoning W3 · permitted uses
W3 · Gambrills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gambrills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
RESTAURANT
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1977
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
2
Units
1
Lot
10 ac
Current owner
From public records · entity-resolved
Cronson Boulevard
Individual
Free & Clear · 18 yrs held
Mailing address
2824 SOLOMONS IS RDSTE200, EDGEWATER, MD 21037-1424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2007
—
Cronson Boulevard
Cronson Boulevard
Quit Claim Deed
related
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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