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1298 Cronson Blvd, Crofton, MD 21114
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 1298 Cronson Blvd in Crofton, Maryland, within Anne Arundel County (zip code 21114). The property is a 10,000 square foot building offering a blend of retail and traditional office space in a multi-tenant configuration. Currently, there is one available retail space totaling 2,000 square feet. A key feature of this space is its convenient covered drive-thru, ideal for businesses requiring quick and easy customer access. The property's location in Crofton provides excellent visibility and accessibility, making it an attractive option for a variety of retail businesses. The building's classification as both retail and traditional office space offers flexibility for potential tenants seeking a combined retail and office presence. This space presents a unique opportunity to establish or expand a business in a thriving Maryland community. The property is situated at 39.0092687 latitude and -76.6996751 longitude. Further details regarding lease terms and conditions are available upon request.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
BRICK
Total area
7,936 SF
Lot
1.09 ac (47,480 SF)
Zoning code
C1B
APN
02-000-90053472
UPID
US40-1459493
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Loan Service Bank
-
Association Or Organization
-
Physician
-
Association / Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.92M
Owner & transaction history
since 2026
6 recorded transactions
Zoning & alternative use
C1B · Crofton, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.92M
Value range
$1.73M – $2.11M
±10% around blend
Estimated value / SF
$242 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.73M
blend $1.92M
$2.11M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,936 SF
Lot area
1.09 ac
Year built
1988
Stories
2
APN
02-000-90053472
Zoning
C1B
Assessed value
$1,373,500
Annual tax
$14,999
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.34M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.5 mi away · 7,264 SF
15.1 mi away · 10,164 SF
21.8 mi away · 7,101 SF
22.6 mi away · 8,232 SF
24.5 mi away · 6,320 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.92M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 316 sales
$501
-52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $242/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.37M
Move the market yield to see immediate price impact.
Value / SF
$173
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$87k
$1.73M
$1.24M
$961k
$96k
$1.92M
$1.37M
$1.07M
$106k
$2.12M
$1.51M
$1.18M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$917k
11.0 mi · Feb 2026 · $140/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,999
Tax year 2023
Assessed value
$1,373,500
Assessed 2023
Previous assessed
$1,373,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$664,900
Assessed improvement
$708,600
Land market value
$664,900
Improvement market value
$708,600
Total market value
$1,373,500
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
7,936 SF
Lot
1.09 ac (47,480 SF)
Zoning code
C1B
APN
02-000-90053472
UPID
US40-1459493
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C1B · Crofton, MDZoning C1B · permitted uses
C1B · Crofton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1988
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1B
Jurisdiction
Crofton, MD
Recorded code
C1B
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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