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Property profile & analytics
OFF-MARKET
Estimated value
$117,335,000
Office buildings
1580 Nursery Rd, Linthicum Hts, MD 21090-2202
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-2339144
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
BRICK
Total area
166,095 SF
Lot
21.8 ac (949,608 SF)
Zoning code
W1-BW
APN
05-000-90072037
UPID
US40-2339144
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
-
Northrop Grumman Mission Systems - West Quest C Building Corporate Office Factory
-
Northrop Grumman Mission Systems Corporate Office Factory
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$158.80M
Blend (final)
Blend
$117.34M
Owner & transaction history
Northrop Grumman Systems Corp · 6 yrs held
Northrop Grumman Systems Corp
since 2020
3 recorded transactions
Zoning & alternative use
W1-BW · Linthicum Hts, 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 Hts submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Linthicum Hts 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
OFFICE BUILDING
$83,175,000
Current use
RESTAURANT
$80,690,000
Change: -3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$70,645,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$117.34M
Range $105.60M – $129.07M · ±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
$706 / 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
$842,560
Tax year 2023
Assessed value
$77,157,533
Assessed 2023
Previous assessed
$75,230,900
+2.6% YoY
Effective rate
1.09%
On assessed value
Land market value
$11,990,000
Improvement market value
$69,020,800
Total market value
$81,010,800
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
1992
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
5
Units
2
Total area
166,095 SF
Lot
21.8 ac (949,608 SF)
Zoning code
W1-BW
APN
05-000-90072037
UPID
US40-2339144
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1-BW · Linthicum Hts, MD
Zoning W1-BW · permitted uses
W1-BW · Linthicum Hts, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Linthicum Hts. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$83.2M
RESTAURANT
Est. value
$80.7M
AUTO REPAIR, GARAGE
Est. value
$70.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1992
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Units
2
Lot
21.8 ac
Current owner
From public records · entity-resolved
Northrop Grumman Systems Corp
Entity
Mailing address
2980 FAIRVIEW PARK DR, FALLS CHURCH, VA 22042-4511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 19, 2020
—
Northrop Grumman Systems Corp
Northrop Grumman Systems Corp
Quit Claim Deed
related
—
Oct 25, 2016
—
Northrop Grumman Systems Corp
Wq1031 LLC
Grant Deed
—
Apr 29, 2016
$79,000,000
Wq1031 LLC
Lsref4 Turtle LLC
Grant Deed
—
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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