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    Property profile & analytics

    1623 Parkridge Cir Crofton, MD 21114-1353

    • Apartment buildings
    • 440,628 SF
    • 19.48 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 03, 2021
    $112,500,000
    Location Intelligence
    Property ID
    US40-0863104
    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

    • Arrive Crofton / Condominium Rental Agency / Real Estate Rental Agency

    Property Details for 1623 Parkridge Cir

    Year built
    1991
    Construction
    BRICK
    Lot size
    19.48 lot acres
    Property size
    440,628 SF
    Zone code
    R22
    Property type
    Apartment buildings
    APN
    02-205-90078217
    APU
    220590078217

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crofton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6914
    Latitude
    39.0155
    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
    $798,529
    $20,300,000
    $52,825,400
    $73,125,400
    -
    $20,300,000
    $52,825,400
    $73,125,400

    Comparable in this City

    • Value Estimation by Request

      2205 C Defense Hwy

      Individual retail properties
      2205 C Defense Hwy, Crofton, MD 21114
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    • Value Estimation by Request
      0.60 Acres

      1191 Martha Greenleaf Dr

      VACANT COMMERCIAL LAND • 0.60 Acres
      1191 Martha Greenleaf Dr, Crofton, MD 21114-2869
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    • Value Estimation by Request
      3,452 SF

      1149 Md Rt 3rd 3

      RESTAURANT • 3,452 SF
      1149 Md Rt 3rd 3, Crofton, MD 21114
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    • Value Estimation by Request
      23,649 SF

      2145 Priest Brg Dr

      INDUSTRIAL PARK • 23,649 SF
      2145 Priest Brg Dr, Crofton, MD 21114-2477
      View Details
    • Value Estimation by Request
      23,260 SF

      2141 Priest Brg Dr

      INDUSTRIAL LOFT BUILDING • 23,260 SF
      2141 Priest Brg Dr, Crofton, MD 21114-2431
      View Details
    • Value Estimation
      $380,000
      2,437 SF

      1560 Crofton Pkwy

      DAY CARE, PRE-SCHOOL • 2,437 SF
      1560 Crofton Pkwy, Crofton, MD 21114-1534
      View Details

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    Similar Nearby for Lease

    • $26 SF/Yr
      65,780 SF

      Crofton Medical Office Space for Lease

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      Professional office space with flexible lease terms in Crofton, MD.
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    • $26 SF/Yr
      13,000 SF

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      Office Space for Lease

      Office space available for lease with ample parking.
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    • Contact for pricing
      1,800 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1,800 square feet.
      2163-2181 Defense Hwy, Crofton, MD 21114
      View Details
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    1623 Parkridge Cir
    Crofton, MD 21114-1353
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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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