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Property profile & analytics
OFF-MARKET
Estimated value
$60,775,000
Manufacturing properties
7323 Aviation Blvd Glen Burnie, MD 21061
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-0911660
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Construction
BRICK
Total area
201,162 SF
Lot
74.22 ac (3,233,023 SF)
Zoning code
W2
APN
05-000-17231200
UPID
US40-0911660
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
$64.61M
Blend (final)
Blend
$60.78M
Owner & transaction history
NORTHROP GRUMMAN CORP
NORTHROP GRUMMAN CORP
Zoning & alternative use
W2 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$97.7M
+16.0%
Auto repair, garage
$85.6M
+1.5%
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
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
INDUSTRIAL (GENERAL)
$84,285,000
Current use
RESTAURANT
$97,730,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$85,560,000
Change: +2% · Conversion: Easy
RETAIL STORES
$83,360,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$73,660,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$60.78M
Range $54.70M – $66.85M · ±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
$302 / 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
$532,583
Tax year 2023
Assessed value
$48,771,300
Assessed 2023
Previous assessed
$56,503,100
-13.7% YoY
Effective rate
1.09%
On assessed value
Assessed land
$20,781,600
Assessed improvement
$27,989,700
Land market value
$20,781,600
Improvement market value
$27,989,700
Total market value
$48,771,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
13
Stories
3
Units
15
Total area
201,162 SF
Lot
74.22 ac (3,233,023 SF)
Zoning code
W2
APN
05-000-17231200
UPID
US40-0911660
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Glen Burnie, MD
Zoning W2 · permitted uses
W2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$84.3M
RESTAURANT
Est. value
$97.7M
AUTO REPAIR, GARAGE
Est. value
$85.6M
RETAIL STORES
Est. value
$83.4M
MEDICAL BUILDING
Est. value
$73.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1955
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
13
Units
15
Lot
74.22 ac
Current owner
From public records · entity-resolved
NORTHROP GRUMMAN CORP
Entity
Free & Clear · 0 yrs held
Mailing address
2980 FAIRVIEW PARK DR, FALLS CHURCH, VA 22042-4511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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