New search
Property profile & analytics
FOR LEASE
Warehouses
2124 Priest Bridge Dr, Crofton, MD 21114
Entity Owned
21-yr Hold
Free & Clear
Property ID
US40-0771711
For Lease
1 / 2
$1,745,000
2124 Priest Bridge Dr, Crofton, MD 21114
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
BRICK
Total area
6,555 SF
Lot
4.75 ac (206,736 SF)
Zoning code
W2
APN
02-000-90052789
UPID
US40-0771711
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
-
Nationwide Insurance: Rich Reilly Insurance Agency, LLC Insurance Agency
-
Selectric LLC Electrical Service General Contractor
-
Patuxent Materials, Inc. Building Supply
-
Patuxent Roll-Off Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.75M
Owner & transaction history
Priest Bridge Drive LLC · 21 yrs held
Priest Bridge Drive LLC
since 2005
5 recorded transactions
Zoning & alternative use
W2 · Crofton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+27.6%
Industrial (general)
$2.7M
+25.7%
Retail stores
$2.7M
+24.3%
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 Crofton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crofton 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
WAREHOUSE, STORAGE
$2,185,000
Current use
AUTO REPAIR, GARAGE
$2,790,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,745,000
Change: +26% · Conversion: Easy
RETAIL STORES
$2,715,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$2,400,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,010,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±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
$266 / 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
$47,250
Tax year 2023
Assessed value
$4,326,900
Assessed 2023
Previous assessed
$4,325,967
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,969,300
Assessed improvement
$1,357,600
Land market value
$2,969,300
Improvement market value
$1,357,600
Total market value
$4,326,900
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1982
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
3
Total area
6,555 SF
Lot
4.75 ac (206,736 SF)
Zoning code
W2
APN
02-000-90052789
UPID
US40-0771711
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Crofton, MD
Zoning W2 · permitted uses
W2 · Crofton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crofton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1982
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
4.75 ac
Current owner
From public records · entity-resolved
Priest Bridge Drive LLC
Entity
Free & Clear · 21 yrs held
Mailing address
2144 PRIEST BRG CT STE #1, CROFTON, MD 21114-2555
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
—
Priest Bridge Drive LLC
—
Deed
related
$1,500,000 · Atlantic Union Bk
Jun 10, 2005
$5,675,000
Priest Bridge Drive LLC
Gardiner,francis E JR
Grant Deed
—
—
—
Francis E Gardiner
—
Deed Of Trust
related
$800,000 · Annapolis Banking & Trust Co
—
—
Priest Bridge Drive LLC
—
Loan Modification
related
$1,500,000 · Atlantic Union Bk
—
—
Priest Bridge Drive LLC
—
Loan Modification
related
$1,500,000 · Atlantic Union Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
