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    Property profile & analytics

    1393 Progress Way Eldersburg, MD 21784-6472

    • Industrial properties
    • 44,000 SF
    • 4.88 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 28, 2021
    Location Intelligence
    Property ID
    US40-1187395
    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

    • Winfield Tile Inc / Tile Contractor
    • Joanie Hynes, RE/MAX Advantage Realty / Real Estate Agent
    • David Post Realtor / Real Estate Agent
    • Pat White - RE/MAX Advantage Realty / Real Estate Agent
    • Phyllis Adam, RE/MAX Advantage Realty / Real Estate Agent

    Property Details for 1393 Progress Way

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.88 lot acres
    Property size
    44,000 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    05-066220
    APU
    5066220

    Description

    This exceptional Eldersburg, Maryland industrial property, located at 1393 Progress Way, zip code 21784, offers 2,500 square feet of immediately available flex/warehouse space within the Eldersburg Business Center 2. The building totals 42,100 square feet and is comprised of two suites. This particular unit boasts impressive ceiling heights ranging from 16 to 28 feet, providing ample vertical space for various business needs. The property features 117 total parking spaces, ensuring convenient access for employees and clients. Power is provided by a 120/208-volt, 3-phase system. The property is zoned IR and situated in the Carroll County Ind submarket of Carroll County. This location provides easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics. The property is perfect for a variety of uses, from light manufacturing and distribution to office/warehouse combinations. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eldersburg
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9474
    Latitude
    39.4122
    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
    $38,099
    $1,062,800
    $2,308,800
    $3,371,600
    -
    $1,062,800
    $2,308,800
    $3,371,600

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    Eldersburg, MD 21784-6472
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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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