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    Property profile & analytics

    209 Research Blvd Aberdeen, MD 21001

    • Office buildings
    • 82,398 SF
    • 4.78 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1140819
    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

    • The MITRE Corporation / Professional Services
    • MITRE / Charitable Organization / Social Service Agency
    • GSA-Us Army Criminal / Military Base
    • Telcordia Technologies / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 209 Research Blvd

    Year built
    2010
    Lot size
    4.78 lot acres
    Property size
    82,398 SF
    Zone code
    B3
    Property type
    Office buildings
    APN
    02-110555
    APU
    2110555

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,735,000
      Market price range: $4.12M - $18.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Harford
    State
    Maryland
    Longitude
    -76.1493
    Latitude
    39.5027
    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
    2022
    $76,220
    $1,051,600
    $7,591,500
    $8,643,100
    -
    $1,051,600
    $7,591,500
    $8,643,100

    Comparable in this City

    • Value Estimation
      $15,225,000
      94,361 SF

      650 Mchenry Rd

      OFFICE BUILDING • 94,361 SF
      650 Mchenry Rd, Aberdeen, MD 21001-2607
      View Details
    • Value Estimation
      $2,380,000
      21,504 SF

      4513 Philadelphia Rd

      OFFICE BUILDING • 21,504 SF
      4513 Philadelphia Rd, Aberdeen, MD 21001-1501
      View Details
    • Value Estimation by Request
      1,364 SF

      402 Dorsey St

      OFFICE BUILDING • 1,364 SF
      402 Dorsey St, Aberdeen, MD 21001-3423
      View Details
    • Value Estimation by Request
      1,054 SF

      530 Philadelphia Blvd

      OFFICE BUILDING • 1,054 SF
      530 Philadelphia Blvd, Aberdeen, MD 21001-3405
      View Details
    • Value Estimation by Request
      1,396 SF

      404 Dorsey St

      OFFICE BUILDING • 1,396 SF
      404 Dorsey St, Aberdeen, MD 21001-3423
      View Details
    • Value Estimation by Request
      1,656 SF

      400 Hiobs Ln

      OFFICE BUILDING • 1,656 SF
      400 Hiobs Ln, Aberdeen, MD 21001-2921
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $560,000
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      Aberdeen Office Building - 0.14 Acres

      Prime Aberdeen office space, ideal for small business.
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    • $560,000
      1.12 Acres

      Aberdeen Commercial Site For Sale

      1.12 acre commercial site with B3 zoning in Aberdeen.
      110 Bouzarth Ln, Aberdeen, MD 21001
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      0.26 Acres

      Aberdeen Office Building - High Visibility

      Prime commercial space, high traffic location.
      538 Philadelphia Blvd, Aberdeen, MD 21001
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    Similar Nearby for Lease

    • Contact for pricing
      33,315 SF

      Class A Office Space Available

      Office space for rent near Aberdeen Proving Ground.
      206 Research Blvd, Aberdeen, MD 21001
      View Details
    • $2,300 /Mo

      Prime Commercial Space in Aberdeen

      Highly visible corner unit ideal for office or retail use.
      136 S Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • Contact for pricing
      7,149 SF

      Class A Office Space Available

      Office space for rent near Aberdeen Proving Ground.
      209 Research Blvd, Aberdeen, MD 21001
      View Details
    • Contact for pricing

      Flex/R&D Space in Aberdeen

      Flex/R&D space available in Aberdeen Technology Park.
      1200-1202 Technology Dr, Aberdeen, MD 21001
      View Details
    • $13 SF/Yr
      7,319 SF

      Office Space Available For Rent

      Office space available for rent, offering 3,200 square feet.
      1104 S Philadelphia Blvd, Aberdeen, MD 21001
      View Details
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    209 Research Blvd
    Aberdeen, MD 21001
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    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
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