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    2124 Priest Bridge Dr Crofton, MD 21114
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    Property profile & analytics

    2124 Priest Bridge Dr Crofton, MD 21114

    View on Map
    • Warehouses
    • 6,555 SF
    • 4.75 lot acres
    For Lease
    $1,745,000
    View Listing →
    Flex/Industrial Space in Crofton, MD For Lease
    $1,745,000
    5,400 SF

    Flex/Industrial Space in Crofton, MD

    Flex/industrial space in Priest Bridge Business Park available for rent.

    2124 Priest Bridge Dr, Crofton, MD
    View Listing
    Property ID
    US40-0771711
    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.
    Value Estimations
    Cap Rate Potential
    6.8%
    Warehouses
    Location Intelligence

    Current Use by 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

    Property Details for 2124 Priest Bridge Dr

    Year built
    1982
    Construction
    BRICK
    Lot size
    4.75 lot acres
    Property size
    6,555 SF
    Zone code
    W2
    Property type
    Warehouses
    APN
    02-000-90052789
    APU
    200090052789

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,075,000
      Market price range: $340k - $2.08M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Crofton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.697
    Latitude
    38.9894
    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
    $47,250
    $2,969,300
    $1,357,600
    $4,326,900
    -
    $2,969,300
    $1,357,600
    $4,326,900

    Comparable in this City

    • Value Estimation
      $2,620,000
      19,743 SF

      2421 Crofton Ln

      WAREHOUSE, STORAGE • 19,743 SF
      2421 Crofton Ln, Crofton, MD 21114-1324
      View Details
    • Value Estimation by Request
      1,440 SF

      1650 Electric Ave

      WAREHOUSE, STORAGE • 1,440 SF
      1650 Electric Ave, Crofton, MD 21114-2407
      View Details
    • Value Estimation
      $1,990,000
      20,714 SF

      2414 Crofton Ln

      MINI-WAREHOUSE, STORAGE • 20,714 SF
      2414 Crofton Ln, Crofton, MD 21114-1329
      View Details
    • Value Estimation
      $3,645,000
      42,932 SF

      1650 Crofton Blvd

      WAREHOUSE, STORAGE • 42,932 SF
      1650 Crofton Blvd, Crofton, MD 21114-1309
      View Details
    • Value Estimation
      $640,000
      7,280 SF

      2111 Baldwin Ave

      WAREHOUSE, STORAGE • 7,280 SF
      2111 Baldwin Ave, Crofton, MD 21114-2419
      View Details
    • Value Estimation
      $715,000
      1,680 SF

      Cronson Blvd

      WAREHOUSE, STORAGE • 1,680 SF
      Cronson Blvd, Crofton, MD 21114
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse and Office For Sale

      Mid-Atlantic generator company with warehouse and office for sale.
      1612 Professional Blvd, Crofton, MD 21114
      View Details
    • $15,000,000

      Crofton Industrial Land for Sale

      10.38 acres of W-3 zoned industrial land near Rt 3.
      1230 Cronson Blvd, Crofton, MD 21114
      View Details
    • Contact for pricing
      1.65 Acres

      Crofton Retail Space - Prime Location

      Class A Office Building, Multiple Suites Available
      2191 Defense Hwy, Crofton, MD 21114
      View Details
    • Contact for pricing
      0.02 Acres

      833.00\/month (plus utilities). NOT AVAILABLE UNTIL APRIL

      2025.""""}"""
      2135 Defense Hwy, Crofton, MD 21114
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces available with high traffic and signage.
      1657 Crofton Blvd, Crofton, MD 21114
      View Details

    Similar Nearby for Lease

    • $2,650 /Mo
      850 SF

      Industrial Land and Warehouse Space

      Up to 2 acres of land with proposed 850-SF warehouse.
      1739 Stratton Rd, Crofton, MD 21114
      View Details
    • Contact for pricing
      1,454 SF

      Flex Office/Warehouse Space Available

      36,000 SF flex building in Priest Bridge Business Park.
      2140 Priest Bridge Ct, Crofton, MD 21114
      View Details
    • Contact for pricing
      1,292 SF

      Crofton Flex/Industrial Space Available

      Flex/Industrial space available for lease in Crofton, Maryland.
      2141 Priest Bridge Dr, Crofton, MD 21114
      View Details
    • Contact for pricing
      2,142 SF

      Crofton Flex/Industrial Space Available

      2,142 SF flex/industrial space for lease in Crofton, MD.
      2131 Espey Ct, Crofton, MD 21114
      View Details
    • Contact for pricing
      5,400 SF

      Modern Flex Space Available

      Modern flex space in a convenient location for growing companies.
      2130 Priest Bridge Dr, Crofton, MD 21114
      View Details
    • Contact for pricing
      5,400 SF

      Flex/Industrial Space in Crofton, MD

      Flex/industrial space in Priest Bridge Business Park available for rent.
      2124 Priest Bridge Dr, Crofton, MD 21114
      View Details
    View Listing
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    Crofton, MD 21114
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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.

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