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Property profile & analytics
OFF-MARKET
Estimated value
$30,075,000
Office buildings
880 Elkridge Lndg Rd, Linthicum, MD 21090-2903
Entity Owned
26-yr Hold
Free & Clear
Property ID
US40-0942525
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
BRICK
Total area
99,008 SF
Lot
5.61 ac (244,372 SF)
Zoning code
W1-BW
APN
05-000-90026346
UPID
US40-0942525
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
-
Oil Change Auto Repair Shop
-
Northrop Grumman Airport Square One Building Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$39.04M
Blend (final)
Blend
$30.08M
Owner & transaction history
Airport Square Holding 1 LLC · 26 yrs held
Airport Square Holding 1 LLC
since 1999
2 recorded transactions
Zoning & alternative use
W1-BW · Linthicum, 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 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
OFFICE BUILDING
$49,580,000
Current use
RESTAURANT
$48,100,000
Change: -3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$42,110,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$41,485,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$41,030,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$30.08M
Range $27.07M – $33.08M · ±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
$304 / 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
$172,022
Tax year 2023
Assessed value
$15,752,967
Assessed 2023
Previous assessed
$14,731,200
+6.9% YoY
Effective rate
1.09%
On assessed value
Land market value
$3,089,900
Improvement market value
$14,706,600
Total market value
$17,796,500
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
Off-Market
Year built
1981
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
4
Units
3
Total area
99,008 SF
Lot
5.61 ac (244,372 SF)
Zoning code
W1-BW
APN
05-000-90026346
UPID
US40-0942525
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1-BW · Linthicum, MD
Zoning W1-BW · permitted uses
W1-BW · 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
OFFICE BUILDING Current
Est. value
$49.6M
RESTAURANT
Est. value
$48.1M
AUTO REPAIR, GARAGE
Est. value
$42.1M
INDUSTRIAL (GENERAL)
Est. value
$41.5M
RETAIL STORES
Est. value
$41.0M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1981
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
3
Units
3
Lot
5.61 ac
Current owner
From public records · entity-resolved
Airport Square Holding 1 LLC
Entity
Free & Clear · 26 yrs held
Mailing address
6711 COLUMBIA GTWY DR STE #400, COLUMBIA, MD 21046-2547
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 1999
$700,000
Airport Square Holding 1 LLC
Aetna Life Insurance Co
Trustees Deed
—
Aug 13, 1999
$4,500,000
Airport Square Holding 1 LLC
Airport Square Co LLP
Trustees Deed
related
—
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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