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Property profile & analytics
FOR LEASE
Office buildings
1302 Concourse Dr, Linthicum Heights, MD 21090
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-1199053
For Lease
1 / 2
$26,720,000
1302 Concourse Dr, Linthicum Heights, MD 21090
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
101,305 SF
Lot
7.96 ac (346,738 SF)
Zoning code
W1
APN
05-000-90038212
UPID
US40-1199053
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
Current use
Occupant on record · Public records
-
Intelligent Decisions (Bike/Boat/Book/etc) Store Corporate Office
-
Computer M.D. Corporate Office Business Park
-
Exceptional Software Strategies, Inc. Business Management Consultant
-
FedEx Drop Box Postal Service Courier Service
-
Kuehne + Nagel Inc. Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.69M
Blend (final)
Blend
$26.72M
Owner & transaction history
Concourse Drive Bwi LLC · 9 yrs held
Concourse Drive Bwi LLC
since 2016
4 recorded transactions
Zoning & alternative use
W1 · Linthicum, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Linthicum Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Linthicum Heights 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
AUTO REPAIR, GARAGE
$43,090,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$42,445,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$41,980,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$26.72M
Range $24.05M – $29.39M · ±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
$264 / 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
$152,827
Tax year 2023
Assessed value
$13,995,133
Assessed 2023
Previous assessed
$13,438,200
+4.1% YoY
Effective rate
1.09%
On assessed value
Land market value
$2,069,600
Improvement market value
$13,039,400
Total market value
$15,109,000
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
101,305 SF
Lot
7.96 ac (346,738 SF)
Zoning code
W1
APN
05-000-90038212
UPID
US40-1199053
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Linthicum, MD
Zoning W1 · permitted uses
W1 · Linthicum, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Linthicum. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$43.1M
INDUSTRIAL (GENERAL)
Est. value
$42.4M
RETAIL STORES
Est. value
$42.0M
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1987
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
7.96 ac
Current owner
From public records · entity-resolved
Concourse Drive Bwi LLC
Entity
Free & Clear · 9 yrs held
Mailing address
25 S CHARLES ST STE #1002, BALTIMORE, MD 21201-3311
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2019
—
Concourse Drive Bwi LLC
—
Grant Deed
related
$41,330,000 · Citizens Bk NA
Oct 17, 2016
$49,100,000
Concourse Drive Bwi LLC
Copt Concourse LLC
Special Warranty Deed
—
Dec 15, 1999
—
Copt Concourse LLC
—
Deed Of Trust
related
$200,000,000 · Bankers Trust Co Trusteee
Oct 6, 1997
—
Prentiss Properties Gateway Lc
Gateway International LP
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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