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Property profile & analytics
OFF-MARKET
Estimated value
$18,320,000
Warehouses
515 Mccormick Dr, Glen Burnie, MD 21061-3254
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-0273592
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
107,100 SF
Lot
10.35 ac (450,846 SF)
Zoning code
W1
APN
05-414-90058863
UPID
US40-0273592
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.32M
Owner & transaction history
Rlif East 2 LLC · 6 yrs held
Rlif East 2 LLC
since 2019
6 recorded transactions
Zoning & alternative use
W1 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Glen Burnie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Burnie 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$171 / 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
$153,450
Tax year 2023
Assessed value
$14,052,200
Assessed 2023
Previous assessed
$15,265,100
-7.9% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,432,000
Assessed improvement
$11,620,200
Land market value
$2,432,000
Improvement market value
$11,620,200
Total market value
$14,052,200
Applied tax rate
5.0000
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
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
107,100 SF
Lot
10.35 ac (450,846 SF)
Zoning code
W1
APN
05-414-90058863
UPID
US40-0273592
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Glen Burnie, MD
Zoning W1 · permitted uses
W1 · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Burnie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
10.35 ac
Current owner
From public records · entity-resolved
Rlif East 2 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 34472, WASHINGTON, DC 20043-4472
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
$15,700,000
Rlif East 2 LLC
Mccormick Industrial LLC
Grant Deed
—
Feb 11, 2016
$7,500,000
521 Mccormick Industrial LLC
Southern Engineering Corp
Grant Deed
—
Nov 27, 2001
$7,050,000
Southern Engineering Corp Md
Wxii Wip Real Estate LLP
Trustees Deed
$4,050,000 · Transamerica Occidental Life
Nov 26, 2001
—
Southern Engineering Corp Md
—
Deed Of Trust
related
$4,050,000 · Transamerica Occidental Life
Aug 16, 2000
$4,000,000
Wxii/wip Real Estate LP
Handleman Co
Grant Deed
—
—
—
Wxiii/real Estate LP
—
Deed Of Trust
related
$4,000,000 · Fremont Investment & Loan
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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