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Property profile & analytics
OFF-MARKET
Estimated value
$19,170,000
Office buildings
1306 Concourse Dr Linthicum, MD 21090-1027
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-0711526
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
BRICK
Total area
124,573 SF
Lot
11.94 ac (520,106 SF)
Zoning code
W1
APN
05-000-90052151
UPID
US40-0711526
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
-
Future Electronics Electronics & Wireless Store
-
CorVel Corporation Insurance Agency
-
LifeMark Partners, Inc. Advertising Agency Marketing & Advertising
-
Blink Charging Station Electric Vehicle Charging Station
-
Anne Arundel Dermatology Corporate Headquarters Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.33M
Comparable Approach
Comparable
$21.49M
Blend (final)
Blend
$19.17M
Owner & transaction history
Concourse Drive Bwi LLC · 9 yrs held
Concourse Drive Bwi LLC
since 2016
3 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Linthicum 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%
$15,525,000
6.5%
$14,330,000
7%
$13,310,000
Blend value · Realmo final
$19.17M
Range $17.25M – $21.09M · ±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
$154 / 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
$175,155
Tax year 2023
Assessed value
$16,039,800
Assessed 2023
Previous assessed
$18,707,600
-14.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,104,400
Assessed improvement
$12,935,400
Land market value
$3,104,400
Improvement market value
$12,935,400
Total market value
$16,039,800
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
Off-Market
Year built
1990
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
5
Units
1
Total area
124,573 SF
Lot
11.94 ac (520,106 SF)
Zoning code
W1
APN
05-000-90052151
UPID
US40-0711526
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.
Building & site characteristics
From public records
Year built
1990
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
5
Units
1
Lot
11.94 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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2019
—
Concourse Drive Bwi LLC
—
Deed
related
$41,330,000 · Citizens Bank NA
Oct 17, 2016
$49,100,000
Concourse Drive Bwi LLC
Copt Concourse LLC
Special Warranty Deed
—
Oct 6, 1997
—
Prentiss Properties Gateway LLC
Gateway Internat
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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