Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    190 Penrod Ct Glen Burnie, MD 21061-2838

    • Warehouses
    • 44,080 SF
    • 3.61 lot acres
    OFF-MARKET
    Value Estimations
    $6,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1009209
    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

    • Mc Gyver Metal Fabrication / Metal Fabricator
    • Arundel Metal Products Corporation / Solutions Fabricating Inc. / Metal Fabricator / Aluminum Welder
    • Chesapeake Distributing, LLC / Beer Distributor
    • Dove Linen Rental / Tent Rental Service
    • DEK Drain / Waterproofing Service / Deck Builder

    Property Details for 190 Penrod Ct

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.61 lot acres
    Property size
    44,080 SF
    Zone code
    C4
    Property type
    Warehouses
    APN
    05-329-05800054
    APU
    532905800054

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,234,000
      Market price range: $6.70M - $24.3M
      AI Estimate
      $5,336,000
      Market price range: $2.08M - $21.1M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6286
    Latitude
    39.1773
    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
    $31,330
    $0.00
    $0.00
    $2,869,067
    -
    $1,985,500
    $1,293,300
    $3,278,800

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      810 Cromwell Park Dr

      Distribution properties • 9,000 SF
      810 Cromwell Park Dr, Glen Burnie, MD 21061
      View Details
    • Value Estimation
      $1,310,000
      2,546 SF

      980 Stewart Ave

      WAREHOUSE, STORAGE • 2,546 SF
      980 Stewart Ave, Glen Burnie, MD 21061
      View Details
    • Value Estimation
      $3,865,000
      7,500 SF

      512 Crain N Hwy

      WAREHOUSE, STORAGE • 7,500 SF
      512 Crain N Hwy, Glen Burnie, MD 21061-3116
      View Details
    • Value Estimation by Request
      60,885 SF

      6704 Ritchie Hwy

      WAREHOUSE, STORAGE • 60,885 SF
      6704 Ritchie Hwy, Glen Burnie, MD 21061-2319
      View Details
    • Value Estimation
      $1,460,000
      5,252 SF

      1200 Crain N Hwy

      WAREHOUSE, STORAGE • 5,252 SF
      1200 Crain N Hwy, Glen Burnie, MD 21061-2942
      View Details
    • Value Estimation
      $1,340,000
      5,270 SF

      7232 Ritchie Hwy

      WAREHOUSE, STORAGE • 5,270 SF
      7232 Ritchie Hwy, Glen Burnie, MD 21061-3039
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Contractor's Yard Near BWI Airport

      Contractor's yard with easy access to Baltimore and DC.
      1107 Dorsey Rd, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      1.46 Acres

      Glen Burnie Commercial Land Parcel

      1.455 Acres, Prime Location, MD
      7550 Wb&A Rd, Glen Burnie, MD 21061
      View Details
    • $899,900
      1.43 Acres

      Glen Burnie C-2 Opportunity Land

      Highly visible 1.43 acre C-2 land near Marley Station Mall.
      7911 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • $449,000

      Land Available in Glen Burnie

      Land for sale in Glen Burnie, Maryland.
      267 Truck Farm Dr, Glen Burnie, MD 21061
      View Details
    • $350,000

      Glen Burnie Specialty Property

      Specialty property available for sale in Glen Burnie.
      405 Morningside Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      1,339 SF

      Ritchie Hwy Commercial Portfolio

      Glen Burnie, MD: 3-building investment.
      7346-7352 Ritchie Hwy, Glen Burnie, MD 21061
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      43,675 SF

      Glen Burnie Warehouse Space

      Warehouse space available for lease in Glen Burnie, MD.
      509 Mccormick Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      8,760 SF

      Glen Burnie Warehouse Space Available

      8,760 SF warehouse with office space for lease.
      806 Cromwell Park Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      112,500 SF

      Warehouse Near BWI Airport

      Warehouse space in the International Trade Center Business Park.
      515-521 Mccormick Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      934 SF

      Glen Burnie Flex Space

      Flex/R&D space near BWI Airport with easy highway access.
      883 Airport Park Rd, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      6,014 SF

      Glen Burnie Flex/Warehouse Space

      Flex/warehouse space near BWI Airport with drive-in doors.
      6958 Aviation Blvd, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      2,400 SF

      Flex Space Near BWI Airport

      Flex/R&D space in a convenient location near major routes.
      504 Mccormick Dr, Glen Burnie, MD 21061
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    190 Penrod Ct
    Glen Burnie, MD 21061-2838
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.