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Property profile & analytics
OFF-MARKET
Estimated value
$6,190,000
Warehouses
823 Hammonds Fry Rd Linthicum, MD 21090-1328
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0791766
Property summary
AI-generated overview
This exceptional industrial property, located at 823 Hammonds Ferry Road in Linthicum Heights, Maryland, offers a prime opportunity for businesses seeking flexible warehouse or flex space. The property consists of two single-story buildings totaling 40,800 square feet, with 3,600 square feet currently available for lease. The space features a desirable 20-foot ceiling height, providing ample vertical storage capacity. Convenient loading is ensured with two loading docks. The property is zoned W-1-B and situated in the BWI/North Linthicum Industrial submarket of Anne Arundel County. Ample parking is available with 162 total spaces. The electrical service is robust, featuring 120/208 volt, 3-phase, 4-wire service, suitable for a variety of industrial uses. This multi-tenant property presents a versatile solution for businesses requiring both warehouse and office space, offering a strategic location with easy access to major transportation routes. The property's address is 823 Hammonds Ferry Road, Linthicum, MD 21090.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
BRICK
Total area
19,550 SF
Lot
4.86 ac (211,702 SF)
Zoning code
W2
APN
05-000-10687045
UPID
US40-0791766
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
-
Kranzle USA Industrial Manufacturer Production Facility
-
Forbes Design Center Headquarters & Warehouse Hardware & Home Improvement Interior Design
-
Atlantic Pressure Washers Industrial Manufacturer Production Facility
-
Merritt Properties - Hammonds North 1 Construction Company General Contractor
-
Sunbelt Rentals Flooring Solutions General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.20M
Blend (final)
Blend
$6.19M
Owner & transaction history
Merritt-hn1 LLC · 7 yrs held
Merritt-hn1 LLC
since 2019
7 recorded transactions
Zoning & alternative use
W2 · Linthicum, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.8M
+50.2%
Restaurant
$9.5M
+45.7%
Auto repair, garage
$8.3M
+27.6%
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 Linthicum submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Linthicum 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
WAREHOUSE, STORAGE
$6,520,000
Current use
OFFICE BUILDING
$9,790,000
Change: +50% · Conversion: Difficult
RESTAURANT
$9,500,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,315,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,190,000
Change: +26% · Conversion: Easy
RETAIL STORES
$8,100,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$7,160,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$6.19M
Range $5.57M – $6.81M · ±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
$317 / 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
$59,050
Tax year 2023
Assessed value
$5,407,500
Assessed 2023
Previous assessed
$5,407,100
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$974,800
Improvement market value
$4,433,500
Total market value
$5,408,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
4
Total area
19,550 SF
Lot
4.86 ac (211,702 SF)
Zoning code
W2
APN
05-000-10687045
UPID
US40-0791766
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Linthicum, MD
Zoning W2 · permitted uses
W2 · Linthicum, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Linthicum. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$9.8M
RESTAURANT
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$8.3M
INDUSTRIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1983
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
4.86 ac
Current owner
From public records · entity-resolved
Merritt-hn1 LLC
Entity
Mailing address
2066 LORD BALTIMORE DR, BALTIMORE, MD 21244-2501
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
—
Merritt-hn1 LLC
—
Deed
related
$125,000,000 · Talcott Resolution Life Ins Co
Apr 29, 2019
—
Merritt-hn1 LLC
Merritt-mp1 LLC
Quit Claim Deed
$129,000,000 · Miscellaneous Ins Co
Dec 23, 1997
—
Merritt-mp1 LLC
Merritt Family LP 2
Quit Claim Deed
related
—
Dec 22, 1997
—
Merritt,& Mp1 LLC
Merritt Limited
Quit Claim Deed
related
—
—
—
Merritt-hn1 LLC
—
Loan Modification
related
$110,941,293 · Talcott Resolution Life Ins Co
—
—
Merritt-hn1 LLC
—
Deed Of Trust
related
$125,000,000 · Talcott Resolution Life Ins Co
—
—
Merritt-hn1 LLC
—
Loan Modification
related
$137,554,838 · Miscellaneous Ins Co
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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