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    Property profile & analytics

    517 Progress Dr Linthicum, MD 21090

    • Industrial properties
    • 42,120 SF
    • 11.27 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1261192
    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

    • Esthetic School / School
    • KONE Elevators & Escalators of Baltimore / Elevator Service / Elevator Manufacturer
    • Cortiva Institute / Beauty School
    • BSOM / School
    • Call 4 Health - Maryland / Call Center

    Property Details for 517 Progress Dr

    Year built
    2004
    Lot size
    11.27 lot acres
    Property size
    42,120 SF
    Zone code
    W1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    05-000-90216130
    APU
    500090216130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Linthicum
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6725
    Latitude
    39.2161
    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
    $107,830
    $0.00
    $0.00
    $9,874,533
    -
    $2,567,200
    $7,308,800
    $9,876,000

    Comparable in this City

    • Value Estimation
      $1,130,000
      40,906 SF

      521 Progress Dr

      INDUSTRIAL LOFT BUILDING • 40,906 SF
      521 Progress Dr, Linthicum, MD 21090-2241
      View Details
    • Value Estimation by Request
      131,800 SF

      766 Old Hammonds Fry Rd

      INDUSTRIAL LOFT BUILDING • 131,800 SF
      766 Old Hammonds Fry Rd, Linthicum Hts, MD 21090
      View Details
    • Value Estimation by Request
      69,240 SF

      709 Digital Dr

      INDUSTRIAL LOFT BUILDING • 69,240 SF
      709 Digital Dr, Linthicum, MD 21090-2269
      View Details
    • Value Estimation by Request
      32,480 SF

      509 Progress Dr

      INDUSTRIAL LOFT BUILDING • 32,480 SF
      509 Progress Dr, Linthicum, MD 21090-2266
      View Details
    • Value Estimation by Request
      3,927 SF

      6898 Baltimore Annapolis Blvd

      INDUSTRIAL LOFT BUILDING • 3,927 SF
      6898 Baltimore Annapolis Blvd, Linthicum, MD 21090-1650
      View Details
    • Value Estimation by Request
      67,388 SF

      Digital Dr

      INDUSTRIAL LOFT BUILDING • 67,388 SF
      Digital Dr, Linthicum, MD 21090
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,950 SF

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      8,950 SF warehouse with easy highway and airport access.
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      1 SF

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      1.86 acres near highways, BWI, and Baltimore.
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      BWI Airport Hotel Development Opportunity

      Prime hotel zone development opportunity near BWI Airport.
      1006 Old Elkridge Landing Dr, Linthicum Heights, MD 21090
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    • $945,000

      Land For Sale

      Land available for sale in LINTHICUM HEIGHTS, MD.
      1200 Old Elkridge Landing Rd, Linthicum Heights, MD 21090
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    • $465,000

      Specialty Property for Sale

      Specialty property available for purchase.
      6222 Woodland Rd, Linthicum, MD 21090
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      Kingwood Road Specialty Property

      Specialty property available for sale on Kingwood Road.
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    Similar Nearby for Lease

    • $8 SF/Yr
      11,000 SF

      Industrial Property for Lease

      11,000 sqft industrial space available for lease.
      4995 Fairview Ave, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      16,585 SF

      Linthicum Heights Flex/Industrial Space

      Flex/industrial space with immediate beltway access and proximity to airport.
      700 Evelyn Ave, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      12,520 SF

      Industrial Flex Space Near Highways

      Strategically located industrial flex space near major transportation routes.
      806 Barkwood Ct, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      11,760 SF

      Linthicum Heights Flex/Industrial Space

      Flex/industrial space available for lease in Linthicum Heights, MD.
      521 Progress Dr, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      17,796 SF

      Linthicum Warehouse Space Available

      17796 square foot warehouse space for rent in Linthicum.
      810 Oregon Ave, Linthicum, MD 21090
      View Details
    • Contact for pricing
      7,560 SF

      Versatile Flex/Office Space Near BWI

      Adaptable flex and office space in BWI Tech Park.
      514 Progress Dr, Linthicum, MD 21090
      View Details
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    517 Progress Dr
    Linthicum, MD 21090
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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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