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Property profile & analytics
FOR LEASE
Office buildings
6956 Aviation Blvd Glen Burnie, MD 21061
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0612355
For Lease
1 / 7
$13,185,000
6956 Aviation Blvd, Glen Burnie, MD 21061
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
30,359 SF
Lot
11.47 ac (499,633 SF)
Zoning code
W1
APN
05-084-90042299
UPID
US40-0612355
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
-
VIM Technologies Inc (Bike/Boat/Book/etc) Store Corporate Office
-
CDI Marine Co Engineer
-
Anchor Technical Services Employment Agency
-
CDI Marine - Band Lavis Division Engineer Business Related
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.41M
Blend (final)
Blend
$13.19M
Owner & transaction history
Aviation East LLC · 3 yrs held
Aviation East LLC
since 2022
Last sale
$13.3M
6 recorded transactions
Zoning & alternative use
W1 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.8M
+118.6%
Auto repair, garage
$12.9M
+91.4%
Industrial (general)
$12.7M
+88.5%
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
Method
Estimation
Statistic approach
$12,755,000
ML approach
$8,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$14,750,000
Change: +119% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,915,000
Change: +91% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,720,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$12,580,000
Change: +86% · Conversion: Moderate
MEDICAL BUILDING
$11,115,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$10,125,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$13.19M
Range $11.87M – $14.50M · ±10% · vs last sale $13.30M (Dec 30 2022)
Last sale anchor
$13.30M
Dec 30 2022
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
$434 / 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
$141,144
Tax year 2023
Assessed value
$12,925,300
Assessed 2023
Previous assessed
$14,697,100
-12.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,982,200
Assessed improvement
$9,943,100
Land market value
$2,982,200
Improvement market value
$9,943,100
Total market value
$12,925,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
3
Total area
30,359 SF
Lot
11.47 ac (499,633 SF)
Zoning code
W1
APN
05-084-90042299
UPID
US40-0612355
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$14.8M
AUTO REPAIR, GARAGE
Est. value
$12.9M
INDUSTRIAL (GENERAL)
Est. value
$12.7M
RETAIL STORES
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$11.1M
WAREHOUSE, STORAGE
Est. value
$10.1M
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
11.47 ac
Current owner
From public records · entity-resolved
Aviation East LLC
Entity
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Ownership since
2022
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
Jan 23, 2023
—
Aviation East LLC
—
Deed
related
$11,000,000 · Rosedale Fsla
Dec 30, 2022
$13,300,000
Aviation East LLC
Akf3 Rivers Aviation LLC
Special Warranty Deed
$11,000,000 · Rosedale Fsla
Jan 4, 2011
$10,648,087
6960 Aviation Blvd Owner LLC
Aviation Business Park LLC
Grant Deed
—
Aug 3, 2007
$2,400,000
Aviation Business Park LLC
J J Haines & Co INC
Grant Deed
$18,000,000 · Cit Lending Services Corp
—
—
J J Hanes & Company INC
—
Deed Of Trust
related
$3,682,437 · Bank Of America
—
—
Aviation Business Park LLC
—
Deed Of Trust
related
$18,000 · Fp 6960 Aviation Blvd LLC
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?”
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